When you're building a trading app, algoritmic trading bot, charting platform for historical stocks, forex or cryptocurrency data, portfolio management system, Yahoo finance, Google finance and Robinhood like platform. Even you are dreaming about to build your own blockchain protocol operator you will need financial data API or WebSockets. 

 

 

Today as a new generation market data provider company Finage. We will give you the most details and insights blog post ever posted in 2021.

 

In this article you would see how financial data coming through providers, how we are handling and how an individual financial programmer to large business can easily access financial data sets instantly with new generation systems.

 

 

 

 

Content of this article:

• What is financial data?
• How can i access the financial data?
• Are financial data is free to use?
• What kind of financial data available?
• Who needs Real-Time and Delayed data?
• Differences between WebSockets and APIs?
• Usage areas of Financial data?
• Future of Financial data usage in Fintechs and Saas.
• Final Thoughts about Market Feeds and Financial Data.

 

What is Financial Data?

Financial data and called it market feeds are basically information about anything has trade in the world. Any kind of material, companies, coins, currencies, metals, foods and etc could be have financial data if its trading any place. The value of anything coming from the price anyone offering that would be price and prices comes up to buy and sell.

 

In the last decade we meet with something extraordinary they are cryptocurrencies and using blockchain technology. In the modern human history at the first time we meet with something virtual tradable like our currencies. In the last 5 years NFT, Defi and much more new terms entered our lives and we are still trying to understand. 

 

To sum up Financial data is information about a company, currency, coins and etc. that tells you about its financial health and performance. Important forms of financial data include assets, liabilities, equity, income, expenses, and cash flow and more.

 

How can i access the financial data?

There are couples of way to access financial data first of all you need to clarify your needs and then using methodology to understand which data provider will cover your needs. In 2021 you can easily access any information about everything but when it comes to you would like to build something commercial usage than you would need a professional market feeds vendor to get professional service.

 

You can access the our Financial Data sets via our APIs and WebSockets. You just need to register on Finage and instantly you would able to receive your API key and WebSocket address via our documentation you able to implement your software, code or platform easily.

 

Are financial data is free to use?

Financial data sets comes from thousands of difference sources and depending on source you able to receive some of data sets free some of them with money. But generally with delayed and limited API you able to get totally free financial data from market data providers like Finage.

 

You can easily get your forever free API key and start to use on your project instantly.

 

What kind of financial data available?

Currently over 300.000 symbols available in the world regarding our estimations but accessing everything at once is not need for everybody than you should choose what kind of market data will you need on your project.

 

Mainly financial data are:

Stocks: Most popular one is US, Euronext, Asia and Rest of the world. With Stocks you able to get every information about companies they are trading in relevant stock exchanges.

Forex: Foreign Exchanges is the most popular and global data sets it has countries currencies like USD, GBP, JPY and also commodities, metals, precious minerals, oil and more available with Forex data.

Cryptocurrency: From 2008 Bitcoin founded and become viral on the world. There are thousands of them and lots of new crypto exchanges founded, with crypto data sets you able to get all cryptocurrencies price, informations, volumes and historical data.

Indices: These are represents the large cumulative funds like S&P500, UK100, GER30 and more with Indexes you able to get most top 30 to 500 companies funds together at the same time.

ETFs: A trade exchanged asset is a sort of venture asset and trade exchanged item, for example they are exchanged on stock trades. ETFs are comparative from various perspectives to shared assets, then again, actually ETFs are purchased and sold for the duration of the day on stock trades while common assets are purchased and sold dependent on their cost at day's end.

Financial Statements: These are formal records of the monetary exercises and position of a business, individual, or other substance. Important monetary data is introduced in an organized way and in a structure which is straightforward.

 

Who needs Real-Time and Delayed data?

First of all you need to understand what is Real-Time and Delayed data? What is the main differences with them. Real-Time data means you able to get tick level basis data, it means whenever a trade happens you able to receive with this data stream mainly to get Real-Time data you need to use WebSocket connections.That method generally using in trade applications.

 

On the other hand Delayed data or End of Day Data EOD means you will get 1 minute to hours base delayed data to using generally for information purposes on TV, newspaper and finance websites. It would be cheaper and low exchange display fees.

 

 

Differences between WebSockets and APIs?

These are two different types of connection method to market feeds. We might say WebSockets generally using for delivering real-time data without and request when you connect you able to receive data continuously but APIs are working request and bring base that means whenever you sent a request to API it will give you respond it is generally using for historical data.

 

Usage areas of Financial data

There are hundreds ways to use financial data but generally these are the main using are of market feeds in 2021:

Algorithmic Trade, Trade Applications, Education, Games, Portfolio Management, Statistical Platforms, Data Science, Bet, Future price estimations, Company evaluations (M&A), Smart Contracts, Node Protocol Operation, Payment Gateway, Digital Banks and every sector use financial data.

You can also use financial data to build your dream fintech and Saas startup in 2021.

 

 

Future of Financial data usage in Fintechs and Saas

Every decade from 90's surprise and change everything we know more than 1000 years. That means we could be see digital and virtual financial age in this decade. We are expecting cryptocurrencies and blockchain technology will be merge with AI and machine learning technology. This will create new jobs and startup ideas. Nowadays smart contracts, NFT and node basis tech firms increasing their portfolio day by day in the end every business and even individuals being to use these techs in their business lives to make it better, faster and clear agreements.

We believe with these changes everything would be decentralise and free from any regulation, country or people. New techs becoming more independent and free with improvement of AI.

 

Final Thoughts about Market Feeds and Financial Data

Market feeds and Financial data are in our center of our lives. All digital world apps, websites, platforms, credit cards, banks and more critical places using these to create a sustainable, modern and easy world for us. When the technology developed new generation financial data comes with the data vendors like Finage. We are providing 60.000+ symbols in real-time and historical via APIs and WebSockets.

 

You can start to build your dream startup with accessing our financial data to make your fintech idea came true.