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 API with outdated documentation.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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