Dear Silicon Valley: Please Start Selling Stock Data

by unexaminedlife on 12/14/2021, 6:06:52 AM with 10 comments
I am utterly dumbfounded at the experience I have had the last few years. Even the stock exchanges are fully incapable of reliably delivering historical trading data, in bulk, on a nightly basis.

I feel like I am paying an embarassingly large amount of money on a monthly basis to have half-wits screw things up in every which way imaginable. Not only do I feel I'm paying for the service, I'm paying THEM to help them DEBUG.

In fact, I would jump on board immediately if I could not only get data from the west coast, but route TRADES through the west coast. Isn't DATA the stock markets' only job? How can they get it wrong so frequently?

  • by arthurcolle on 12/14/2021, 6:30:10 AM

    This is not possible. It is a racket. Check out OPRA and also the various data licensing agreements needed to get CME data, as one example.

  • by cloudmanic on 12/14/2021, 7:02:55 AM

    I like these guys. https://polygon.io/

  • by Kon-Peki on 12/14/2021, 2:11:47 PM

    Financial data is expensive because it is valuable. People make billions using it. No VC-backed Silicon Valley firm is going to leave that amount of consumer surplus on the table by selling cheap data.

  • by TheAlchemist on 12/14/2021, 8:05:08 AM

    Financial data is complicated.

    Are you looking at intraday data or rather long term end of day ?

    Also, how much do you pay ?

    Bloomberg is expensive but they generally have the best data available.

  • by readonthegoapp on 12/14/2021, 8:48:07 AM

    i feel like there are a lot of industries 'silicon valley' hasn't touched yet, and i'm not sure why.

    just been kept at bay by the real powers that be, i would guess.

  • by ev1 on 12/14/2021, 6:48:17 AM

    are you paying enough?

  • by is_true on 12/14/2021, 11:41:19 PM

    This is the kind of problem Elon Musk could solve.

  • by elevenoh on 12/14/2021, 7:49:54 AM

    Crypto's data is so much more open than tradfi.

    It's a beautiful thing to trade without being blind & easily exploited by centralized entities such as bankers, but I've only found it in crypto.