Market Data Vendors
Garbage In, Garbage Out
Hedge funds and asset managers rely on historical market data to analyze portfolio performance and need real-time price ticks to monitor valuations and execute trade orders.
Smaller hedge funds, aiming to maximize their resources, might employ proprietary systems for portfolio and order management, necessitating the consumption of large volumes of data. Many vendors offer APIs tailored to these specialized applications.
Investment technology vendor platforms often supply data through aggregators like Bloomberg or FactSet, which can be sufficient. However, many fund managers employ unique strategies for portfolio construction, analysis, and rebalancing, typically requiring specialized datasets.
Costs vary significantly and depend on multiple parameters, including country, exchange, data delivery frequency (delayed or real-time), and whether the data is consolidated or exchange-specific.
Market data vendors, categorized by their primary user base:
Institutional
Bloomberg: Primarily used for real-time financial data, news, analytics, and trading tools. It offers comprehensive market data, portfolio management tools, and communication platforms. https://www.bloomberg.com/professional/products/data/data-connectivity/cloud-access/
FactSet: Provides integrated financial information and analytical applications. It's designed for deep data analysis, portfolio analytics, risk management, and client reporting. https://www.factset.com/solutions/data-solutions
OneTick: Specializes in time-series data management, real-time analytics, and complex event processing (CEP), particularly useful for high-frequency trading. https://www.onetick.com/market-data-research-environment
CME Group: A major options and futures exchange, used for trading derivatives across various asset classes. https://www.cmegroup.com/market-data/connect-data.html
Reuters by Refinitiv: Delivers financial news, data, and analytics, with Refinitiv Eikon as a competitor to Bloomberg Terminal. https://www.reuters.com/markets/global-market-data/
Developers
Databento: Offers raw and normalized market data directly from exchanges, suitable for backtesting and algorithmic trading. https://databento.com
Xignite: Provides cloud-based financial market data APIs, ideal for building web and mobile financial applications. https://website.xignite.com/products
Intrinio: Offers affordable financial data feeds for startups and SMEs, including stock prices and fundamentals. https://intrinio.com
Alpha Vantage: Provides free APIs for real-time and historical stock, forex, and cryptocurrency data. https://www.alpha-vantage.com/solutions
Quandl: Specializes in financial, economic, and alternative datasets for research and backtesting. https://data.nasdaq.com/publishers/QDL
Polygon.io: Offers stock market data through APIs, suitable for building trading apps and financial analysis tools. http://polygon.io
Specialized (Cryptocurrency)
OKX: Used for trading a wide array of cryptocurrencies and derivatives with advanced trading features. https://www.okx.com/historical-data
Bybit: Focuses on derivatives trading in cryptocurrencies, particularly leveraged trading. https://www.bybit.com/en
General Providers
Alpha Vantage: Offers a free tier with paid plans for increased access. https://www.alpha-vantage.com/solutions
Polygon.io: Provides a free tier, with paid plans for higher API call volumes. http://Polygon.io
Nasdaq Data Link (formerly Quandl): Offers both free and premium datasets. https://data.nasdaq.com/publishers/QDL
EODHD: Provides historical data of major exchanges with pricing starting at $20/month. https://eodhd.com
Market Data API: Offers free access with limited requests and paid plans for increased access. https://www.marketdata.app/
Twelve Data: Provides a free tier with paid options for more comprehensive data. https://twelvedata.com
Finage: Offers real-time data, with free and professional plans. https://finage.co.uk
CoinAPI: Specializes in crypto data aggregation. https://www.coinapi.io
Xignite: Known for its cloud-based API solutions with custom pricing. https://www.quodd.com
Hedge Fund Utilized Providers
Bloomberg: Offers in-depth data, but with generally high costs. https://www.bloomberg.com/professional
Refinitiv: Provides broad data and analytical tools with enterprise-level pricing. https://www.lseg.com/en/data-analytics
S&P Global Market Intelligence: Offers detailed data but is costly for smaller firms. https://www.spglobal.com/market-intelligence/en
Intrinio: Appreciated for its affordability and simplicity. https://intrinio.com
FactSet: Provides comprehensive portfolio management data, but can be expensive. https://www.factset.com
Interactive Brokers API: Useful for automation, but complex for beginners. https://www.interactivebrokers.com/campus/ibkr-api-page/ibkr-api-home/
IEX Cloud: Known for transparency and quality, with free and paid plans. https://www.iex.io
Daloopa: Strong for SEC filings data. https://daloopa.com
GoldenSource: Focuses on enterprise data management, with positive feedback on integration capabilities. https://www.thegoldensource.com
ActiveViam: Specializes in analytics for large data environments. https://www.activeviam.com
Providers Similar to OneTick
OneTick: Known for high performance in time-series data management. https://www.onetick.com
kdb+/q by KX Systems: Highly regarded for speed and efficiency in time-series analysis. https://kx.com
Tick Data Inc. (now part of OneMarketData): Known for historical tick data. https://www.onetick.com
LSEG Data & Analytics: Provides comprehensive solutions, but is often expensive for smaller entities. https://www.lseg.com/en/data-analytics
SymphonyAI Sensa: Strong in compliance and risk management. https://www.symphonyai.com/financial-services/sensa-investigation-hub/sensa-copilot/
MDXT: Known for high-speed data delivery. https://www.mdxtechnology.com/solutions/data-distribution/
Exegy: Provides real-time market data with low latency. https://www.exegy.com
AquaQ Analytics: Positive for kdb+/q expertise. https://dataintellect.com
Iress QuantHouse: Known for low-latency data, but can be costly. https://www.iress.com/software/trading-and-market-data/Quanthouse/
Questions? Email Chandler@BizTT.com