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by sexy_year 717 days ago
You can also check OpenBB, one of the most known projects in this category: https://github.com/OpenBB-finance/OpenBBTerminal

Most data vendors will require a free API key because that's their GTM. They want you to create an account with them to get a free API key and then expect to be able to upsell you over time.

Or you can access "free data" (e.g. yfinance) that relies on projects who actively scrape financial data from a website - these tend to need a lot of updates from main maintainer since there are no aligned incentives between maintainer of the scrapped API and company that has the data.

PS: I'm the main creator behind the OpenBB project on GitHub.
2 comments
TacticalCoder 716 days ago
> Most data vendors will require a free API key because that's their GTM. They want you to create an account with them to get a free API key and then expect to be able to upsell you over time.

> PS: I'm the main creator behind the OpenBB project on GitHub.

As you point out the GTM of others, can you tell us what your GTM is?

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sexy_year 716 days ago
Of course.

We have a paid enterprise product: OpenBB Terminal Pro (https://openbb.co/products/pro).

In it, users have access to several datasets that we have redistribution rights for. This enables users to export any dataset but also to access that same financial data through our Excel Add-in.

Most retail financial products only have display rights as it's much cheaper than the redistribution license.

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dash2 717 days ago
Is there a way out of this dilemma?

Are there any decent APIs for UK data, by the way?

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financetechbro 716 days ago
You can pull public company data straight from SEC / EDGAR. They have a public and free API
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sexy_year 716 days ago
Not really.

We have the OpenBB Platform CLI, a command line interface (CLI) that allows users to access a lot of financial data but needs to bring each API key.

The reason why this works is that once you run the CLI, you are running it on your machine and leveraging your own API keys - which, when you subscribe you sign for Terms and Conditions.

And, in it, it usually states that you cannot use the data for any commercial purpose.

This is what most data vendors do. Not only because they are trying to upsell you but because giving you access to data costs them money.

So, most of the APIs that you find that are free and have the rights to distribute that data are usually from governments (e.g. FRED or Companies House https://developer.company-information.service.gov.uk/get-sta...)

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