Yahoo Finance API is over — long live New Finance APIs!
The Yahoo Finance API has long been a reliable tool for many of the data-driven investors. Many have relied on their real-time data-flow and have built neat trading applications. Tragically, one day Yahoo decided to discontinue their service and slapped a hefty price-tag on getting data from them.
Luckily, the world has not stopped, and there are great new APIs which can give you top-notch financial data (mostly) for free!
Let’s see the 6 alternative finance APIs:
What happens when you bring together a community of researchers, developers, and business analysts? A free finance API, with real-time and historical data about stocks, forex (FX), digital assets. They have huge support from third-party developers, and different integrations are available on GitHub from enthusiastic supporters. Fans have been impressed with its ease of use, the variety of functions and data, and the quality of service- all of which is free!
World Trading Data
This is a great database collecting financial prices from all over the world. World Trading Data offers both historical and real-time info, with intraday updates from minute-by-minute to hourly refreshing. They also offer updates on currency prices. It has been praised for the reliability and variety of their service. Their basic package is free, but if you need more data, you might need to sign up for a paid plan.
400,000 customers can’t be wrong- Quandl is a top-notch data source for financial and economic analysis. Their datasets are used by top hedge funds, asset managers, and investment banks. They provide core financial data and alternative datasets for institutional clients. One of the key advantages of Quandl is that they present information in different forms, so the analyst can choose what works best for them without the need to spend time transforming datasets. Anonymous API users have 20 calls per 10 minutes or 50 calls per day. Signing up means 300 calls per 10 seconds, 2,000 calls per 10 minutes and a limit of 50,000 calls per day.
Through one simple API, Intrinio offers 300+ data feeds, with its backend using machine learning and AI algorithms to sort through and clean data. Most of the trial sets are available for free, but then you pay for what you use- by getting charged for each feed you download. The API might be different from the original Yahoo version, though there is a ton of documentation to get the setup right.
EOD Historical Data
EOD provides real-time and historical data from the stock, mutual fund, and ETF market, pulling together an impressive 500 million data points. They cover 60+ stock exchanges, 120,000 symbols, 120+ cryptocurrencies and 50+ FOREX pairs. Talk about selection!
For tests, you can get free API access, but for more data, they require a monthly subscription starting from $9.99 a month.
For those who are more tech-savvy, IEX provides a great option to get market data. IEX is a small, but fast-growing index, providing a new specialized look at the volatile, dark, and out-of-reach market for the average trader. IEX was created in response to questionable trading practices that had become widely used across traditional public Wall Street exchanges, as well as dark pools and other alternative trading systems. IEX levels the playing field with transparency in a straightforward manner. See more about them here!
If you’re looking to get started on developing your own trading programs, I suggest you take a look at these courses!