How Does Finage Stack Up Against Other Data Providers?

 

Table of Contents

How Does Finage Stack Up Against Other Data Providers?

How does Finage compare to big providers?

How does Finage compare to small providers?

Who does Finage serve?

 

You have multiple options about financial data. We are constantly asked how Finage differs from other financial data providers and how we perform against other vendors. We would like to clarify to you in all details what features make us different.

 

How does Finage compare to big providers?

In the financial data sector, there are leading companies in the world and pioneers for the sector. They are not in a status to serve up-and-coming improvers for the financial industry while they are immensely entrenched in places like hedge funds and have some important benefits. 

 

There are several reasons for this situation.

1. The first reason is the high cost. In this case, it prices those other than large and well-established financial institutions. They have to charge more because they rely on outdated manual processes that lead to lower quality and higher prices.
2. There is a conflict between them. They usually earn money both from raw data feeds and from workstations or terminals. If they open these raw data feeds to engineers and developers, these users can build a better terminal with the data.
3. They come against the innovator's dilemma. For instance, Bloomberg is built on 15 million lines of Fortran code. This means there's a huge debt volume - you can't innovate on top of old infrastructure.

 

Finage has automated the data supply chain to create more cost-effectiveness, be accessible to startups, and a close choice for businesses. Our corporate goal is to support financial innovators and engineers by providing the data and tools they need to build platforms that will change this order. 

Of course, this requires us to have the most advanced technology in order to support their innovations. Our tools are built by developers for developers, including our powerful Web API, streaming WebSocket API, software development kits in six languages, direct database access, and other advanced access methods.

In addition, we use proprietary machine learning technology to standardize our base data. Our technology of supply chain is doing the job that large providers hire thousands of international entrepreneurs to do. That situation assists us to continue a high level of quality without charging an arm and a leg for it while delivering data faster than ever. 

 

How does Finage compare to small providers?

There is room for significant innovation in the financial data industry. These innovations led to the emergence of a new provider product focused on emerging data technologies. Unfortunately, their innovations often come at the expense of support and data quality.

These providers are more suitable for user profiles that only try out data or need it for personal trading and investment. Also, if you need a reliable source, you may find yourself scammed by these providers.

 

Reasons for this:

1. They change their data source frequently which can mess up all your work. Switching sources means changing endpoints that affect your code. You may not even know it could happen, as many smaller providers are not transparent about their data sources. You have no way to measure the quality of the source and unluckily some providers have been known to steal their data and not comply with market data rules set by exchanges.
2. New companies often do not have a comprehensive understanding of the data landscape, as they are not led by managers with previous experience. Also, they likely offer a limited data category and will not have a partner network to leverage for the rest of your financial data needs. This means you will have to work with various providers to get everything you want in parallel.
3. Smaller providers don't have the bandwidth to ensure personal support actually. So, you may face a problem and not get an answer for weeks or even months.

 

The most important factor that sets us apart is that, as Finage, we offer full transparency to our data sources. Our base data are coming directly from the SEC, while our market data comes from IEX, BATS, and QUODD that are trusted partners and exchanges. You can rest assured about the quality and reliability of your financial data, as our data comes from established, reputable sources.

Our appendix also includes experts in financial data who can help you find the right one for your business use status. We have specialized data solutions for thousands of customers with our company. We assist you to connect with exchanges, submit paperwork correctly, and successfully integrate data into your platform. 

Because our data supply chain is automated, we have a wider timeframe for assistance. When working with us, you have a direct phone, email, and live chat access to your dedicated client team. We also offer engineering support for integration and ongoing technical issues, as well as an embedded ticketing system and dedicated data quality team. In short, if you run into any problems, you will never be on your own.

 

Who does Finage serve?

To summarize, Finage is not a suitable platform for retail investors and non-technical financial analysts. Finage was founded on two foundations. These; low cost and putting developers first.

Why do innovators also support us? The answer is very simple. Thanks to our technology, we provide some of the highest quality data in the world and deliver it quickly to our customers in the most modern way. This circumstance increases the confidence of our company and in parallel, it provides us with wide network opportunities. In order to reach your targets, do not compromise on quality!

We hope that this blog post will be beneficial for you. We will continue to create useful works in order to get inspired by everyone. We are sure that we will achieve splendid things altogether. Keep on following for more.