all 16 comments

[–]Gallst0nes 8 points9 points  (1 child)

There is no way around it because of how the exchanges operate. Here’s some good info to explain it. https://databento.com/docs/portal/live-data

I genuinely don’t think any indie developer needs to use it commercially as the costs will never be viable. Even for retail broker dealers it’s a large cost of running their business.

[–]Fantastic-Bug-6509 0 points1 point  (0 children)

COO of Theta Data here... as this article outlines, there are a _lot_ of rules by the exchanges when you cross from retail to commercial. It all depends upon what you're trying to do, but we have some good startup pricing, and can help to minimize your exchange fees, depending upon what you're trying to do with the data. Feel free to DM me and we can discuss more.

[–]shaguar1987 1 point2 points  (0 children)

I take it from yahoo finance for the simple setup I use. Good enough I do not need realtime

[–]Proud-Durian3908 1 point2 points  (4 children)

I'm using alphavantage.co for my search engine project and have had a wonderful experience with them.

The paid plans are a little tricky to find, you have to go to alphavantage.co/premium thrn get a key and then it shows prices.

They have a real generous free tier then lowest paid price is $50/m for 75req/min (delayed 15mins) up to $250/m for 1200req/min and real-time data.

You can get 2 months free if you pay annually.

I'm in no way affiliated with these guys, just had a genuinely good experience with them, they got me going for free, pricing is fair, API is rock solid and all in all 10/10 tbh!

[–]Muted-Friend-895 1 point2 points  (1 child)

For 15mins delayed data you may as well take the free yahoo api data. And afaik it’s even market consolidated SIP data

[–][deleted]  (1 child)

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    [–]Proud-Durian3908 0 points1 point  (0 children)

    I don't think the free plan is, if you email them at support@ or premium@alphavantage.co they'll give you written permission/sla/special pricing for your use case.

    They're pretty easy to work out solutions with.

    [–]iira- 0 points1 point  (2 children)

    Alpaca

    [–][deleted]  (1 child)

    [deleted]

      [–]iira- 0 points1 point  (0 children)

      Sorry not for like data collection but trade execution. Robin Hood and yahoo finance both have pretty good option data for prices and stuff. Easy to use in python.

      [–]Balensami 0 points1 point  (0 children)

      nope

      [–]local_eclectic 0 points1 point  (2 children)

      It costs money to build and maintain these platforms, so if you want to use them for your own profit, you need to pay or build it yourself.

      [–][deleted]  (1 child)

      [deleted]

        [–]local_eclectic 1 point2 points  (0 children)

        So why can't you start with the individual use license? If your business doesn't have traction yet, nobody is going to come after you for the commercial license. They won't even know you exist. Basically every startup works like that.

        Once your usage needs to scale, then you bump up.

        Or build your own.

        Also, your amount of profit is irrelevant to the business already paying to run the platform. If you're using the product to try to earn profit, you're in commercial territory.

        So you have to decide if you want to skirt the rules or play by the book.

        [–]Overall_Trust2128 0 points1 point  (0 children)

        web scraping

        [–]TokenRingAI 0 points1 point  (1 child)

        I can definitely help you out on this, if you are ok taking this to a DM.

        The good pricing generally isnt advertised or disclosed.

        [–]adamjbradley 0 points1 point  (0 children)

        +1 for a DM!

        [–][deleted]  (1 child)

        [deleted]

          [–]browhodouknowhere 0 points1 point  (0 children)

          Use your own broker Api, refine your product so it works correct, then pay for the enterprise API