Diverse Data Sources for Algorithmic Trading
Data sources for algorithmic trading are indispensable tools that provide the foundation for developing, testing, and executing profitable trading strategies while managing risk effectively.
| Category | Data Source | Description |
|---|---|---|
| Stock Market Data | Polygon.io | Popular for stocks, options, forex, and cryptos data. Good API and documentation. |
| Alpaca | Stockbroker with a powerful API. Offers intraday data, WebSockets, and alternative data streams. | |
| Yahoo Finance | Widely used for historical and fundamental data, option chains, and sentiment data. Easy CSV downloads. | |
| Kenneth French Data Library | Data on Fama-French 3 Factor Model and related models. No programmatic access. | |
| Damodaran Data | Valuation data including betas, cost of capital, cash flow, and option pricing models. No programmatic access. | |
| SimFin | Fundamental information with an intuitive interface. Offers API and bulk data downloads for Excel. | |
| EODData | End Of Day data from a broad list of companies. Reliable daily prices. | |
| Cryptocurrencies | Binance | Most liquid cryptocurrency exchange with reliable API, intraday data, and WebSocket streaming. |
| Coinbase | Offers intraday cryptocurrency data and WebSockets for live market data. | |
| Coinmarketcap | Comprehensive crypto data with a nice UI. API access for market data, price conversion, and blockchain exploration. | |
| Alternative Data | Finnhub | Broad repertoire of institutional-grade and alternative data, accessible via a consistent API. |
| Tiingo | Traditional and alternative datasets. Shines with its News API covering a vast number of equity tickers and cryptocurrencies. | |
| Nasdaq | Extensive data catalog, some free datasets. Filterable interface. | |
| FlighRadar24 | Live flight data used for anticipating potential deals. | |
Offers an API for estimating investor sentiment trends. | ||
| Economic Data | FRED | Widely used for economic research. Offers a wide range of datasets with an easy-to-use Excel Plugin and API. |
| US Bureau of Labor Statistics | Detailed employment and wage data. Access via a limited API. | |
| Bureau of Economic Analysis | Data on consumer spending, income, investment, and special topics. API with outdated documentation. | |
| World Bank | Widely cited in econometric journals. Extensive data with a user interface for time series plotting and an API. |
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