How to Power Your Portfolio with Financial Data APIs

Gone are the days of endless spreadsheet scrolling and clunky data analysis. Savvy investors are now turning to a powerful tool: Financial Data APIs. These clever applications act like waiters in a data restaurant. They deliver exactly the information you need to make informed investment decisions.

This is your guide for financial data APIs.

The need for better financial data APIs

Imagine automatically fetching real-time stock prices, company financials, and even social media sentiment – all in one place. Financial Data APIs unlock a treasure trove of information. They empower investors to analyze trends and identify opportunities with speed. Ultimately, making smarter investment choices.

Whether you're a seasoned pro or just starting your investing journey, APIs can streamline your workflow. They equip you with the insights needed to navigate the ever-changing market landscape. Below is a deeper diver into the world of Financial Data APIs. Let's explore popular options, and how to harness their power to build a stronger, more data-driven investment strategy. So, buckle up and get ready to tap into the hidden potential of your portfolio.

How to use different financial data APIs

At Golden Door, we focus on fundamental data APIs. Specifically stock data where the information is most valuable. Here are different ways to begin and improve your platform.

Let’s begin with financial exchanges that have multiple use cases for different data feeds. For example, financial exchanges use data feeds and APIs (application programming interfaces) to share real-time securities transactions and market information with participants around the world.

Investors can use these stock market APIs to provide real-time data and analytics to make better investment decisions. By automating tasks and identifying trends, investors can optimize portfolios, reduce risks, and potentially increase returns.

The 11 most popular stock market APIs

Here is a list of the most popular stock market APIs we use to increase investment returns:

OpenBB: Free, open-source platform with APIs for accessing and analyzing financial data. (Ideal for DIY investors and developers)

Polygon: Real-time and historical stock market data with various APIs for diverse investment strategies. (Focuses on market data with good coverage)

Whale wisdom: Track investment holdings of famous investors to glean insights. (Unique data on investor sentiment)

Gurufocus: Value investing tools and data to identify potentially undervalued companies. (Appeals to value investors)

Unusual Whales: Monitor large options trades to understand potential market movements. (Useful for options traders)

MSCI: Global equity indexes and data for building diversified portfolios. (Focuses on building index-based strategies)

Benzinga: Real-time news, social media sentiment analysis, and alternative data for comprehensive insights. (Combines news with market data)

Intrinio: Financial data, news, and fundamental analysis tools with APIs for in-depth research. (Provides all-in-one research tools)

Morningstar: Investors can integrate Morningstar's renowned research, ratings, and portfolio analysis tools directly into their workflows for data-driven investment decisions.

Nasdaq Data Link: Historical and real-time market data from the Nasdaq exchange with various APIs. (Reliable source for Nasdaq-listed securities), Excel add-in

MarketData: Investors seeking a user-friendly platform with MarketData's API can access real-time and historical data, plot it on TradingView charts, and streamline their analysis. Google sheets add-on