While many investment managers and service providers have increasingly incorporated the usage of data in their business and decision makings, most face expensive bills for their market data access from established data vendors such as Bloomberg, Refinitv, Factset and Iress. Not to mention the restrictions that vendors may impose on how their data can be used, stored and shared.

The emergence of new innovative data vendors utilising cloud-based application programming interface (API) such as IEX cloud, Twelve Data, Intrinio and EODHD, is reshaping the landscape providing robust and affordable market data. Some subscription plans to access live and 30+ years of historical data start from less than $100/month.

API technology offers a very flexible way on how the data can be retrieved and used. Users can achieve this using various methods, from using Excel without any programming to more robust architecture such as centralised data warehouse and web application.

If you are interested in exploring this solution, reach out to us. We are investments data professionals/developers and have helped many Australia businesses with API integration.