Dear Silicon Valley: Please Start Selling Stock Data

11 points by unexaminedlife 4 years ago | 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?

arthurcolle 4 years ago |

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.

cloudmanic 4 years ago |

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

accountofme 4 years ago | |

Thanks for this!

Kon-Peki 4 years ago |

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.

TheAlchemist 4 years ago |

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.

readonthegoapp 4 years ago |

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.

ev1 4 years ago |

are you paying enough?

is_true 4 years ago |

This is the kind of problem Elon Musk could solve.

elevenoh 4 years ago |

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.

cpach 4 years ago | |

What’s the use of that data though? AFAIK there are no stocks that are valuated in Bitcoin.