Top 5 Best Stock API in 2021 for fintech startups and developers
Whether you’re building an algorithmic trading application for your next hedge fund or building the next Robinhood, a stock market API (or data feeds) is the most important
Here are the 5 stock APIs that you should consider when considering your next provider.
- Finnhub
- IEX Cloud
- Intrinio
- Tiingo
- MarketStack
Each provider has a different offering so it really depends on your use case and budget to choose which fits best.
Summary: Finnhub is a New York-based fintech company which supplies financial data to institutional investors as well as retail traders.
Offering: Global fundamental data (Financial statements, Ownership, Dividends, Estimates etc.) , global market data, earnings call transcripts, and economic data.
Pricing:
+ Retail: Finnhub offers affordable pricing for retail investors starting at $50/month/datasets. The All-in-one package for global access is priced at $500/month.
+ Startups/Enterprise: Finnhub offers flexible pricing for commercial use based on the amount of data you are looking to use.
2. IEX Cloud
Summary: Backed by the famous IEX exchange. IEXCloud offers a comprehensive set of financial data for the US market.
Offering: US fundamental data (Financial statements, Ownership, Dividends, Estimates etc.) . End-of-day market data for 30 exchanges.
IEXCloud also offers data from 3rd party providers for alternative data such as company events, sec analysis etc.
Pricing:
+ Retail & Startups/Enterprise: IEX offer the same pricing pay-as-you-go system for personal and commercial use. Pricing is low to get started. However, it can get expensive for large scale applications very quickly.
3. Intrinio
Summary: Florida-based fintech startup with $7.2M in VCs funding.
Offering: Intrinio offers a wide range of products including their own sourced data and 3rd parties’ data. Intrinio data is primarily sourced from SEC Filings: financial statements, ownership, SEC analytics. Intrinio also partners with other providers such as Zacks, EDI to provide other data such as Estimates, global end-of-day data etc.
Pricing: Intrinio has removed their retail offerings from the website and focus on commercial use only at this point. Intrinio used to price their data based on each dataset separately. However, you would need to Request a Consultation with their sales to get an exact pricing at this point.
4. Tiingo
Summary: New York based fintech startups with affordable pricing platform for stock research.
Offering: US fundamental data. Super high quality end-of-day data for US market. Real-time streaming from their cross-connect feed with IEX.
Pricing:
- Retail: Tiingo pricing is super affordable with a free tier and premium plan starts at $10/month
- Startups: commercial use starts at $500/month.
5. MarketStack
Summary: Backed by apilayer as the company moves to stock API support.
Offering: Global end of day data and real-time IEX data.
Pricing:
- Retail & Startups/Enterprise: Markestack offers same pricing for both personal and commercial use. However, note that end of day pricing requires a license with the exchanges to be displayed/redistributed.
We hope that this guide will be helpful for fintech startups which are looking to build the next big thing.
The guide will be frequently updated to keep the information fresh
Disclosure: This guide was written by Finnhub Inc, which operates Finnhub Stock API.
