Dear Silicon Valley: Please Start Selling Stock Data

11 pointsunexaminedlife4y ago10 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?

10 comments

arthurcolle4y 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.

cloudmanic4y ago

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

accountofme4y ago

Thanks for this!

Kon-Peki4y 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.

TheAlchemist4y 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.

readonthegoapp4y 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.

ev14y ago

are you paying enough?

is_true4y ago

This is the kind of problem Elon Musk could solve.

elevenoh4y 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.

cpach4y ago

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

j / k navigate · click thread line to collapse

Dear Silicon Valley: Please Start Selling Stock Data

11 pointsunexaminedlife4y ago10 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.