Do you want to become a quant developer? Are you familiar with tools and methods for quant trading? Did you know that buy-side traders make money by doing investments, and sell-side make money from spreads? In the quant industry, it doesn’t matter how well you are in coding assignments if you are not able to make stable profits and resist risks. You are not accepted by many financial organizations. The job’s success depends on how many times you have executed the strategy and what the outcome will be. This tutorial provides you with 6 essential data providers to develop trading strategies.
Alpha Vantage
This platform provides data for stocks, crypto, and the stock market. The drawback is that they have restrictions on the call frequency, but it is sufficient for individual users to try their strategies.
IEX Cloud
This company provides only US stock market data. As a free user, you can receive a certain API call quota per month. This platform is also suitable for learning and developing quantitative trading strategies.
Yahoo Finance API
For developing trading strategies, the Yahoo Finance API is better. But you never rely on their data for real-time systems. You can access the data freely through APIs and third-party libraries.
Quandl
They are a data aggregator platform and provide you with a variety of financial market data, including stocks, futures, foreign exchange, etc. Although they have charged for data, you can also have free data for your learning experience.
QuantConnect
This platform provides you with a large amount of historical data. You can make strategies and perform backtesting freely on this platform. If you have Python and C# programming skills, this platform is best suited for you.
Back trader
This platform allows you to access data from multiple sources, including Yahoo Finance and Alpha Vantage. It is suitable for backtesting and quantitative research.
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