Explore Best APIs and Discover the way to download stock historical data as csv using FMP API
Photo by nappy
As Yahoo Finance moves to a paid model, many users are looking for alternatives to access high-quality financial data. Fortunately, there are several APIs available that offer comprehensive data coverage, real-time updates, and advanced analytics at flexible prices.
In this article, we explore the top seven alternatives to Yahoo Finance, including Financial Modeling Prep (FMP), Refinitiv Eikon, Morningstar, and others.
Each of these APIs provides unique features, such as historical data downloads, real-time market insights, and powerful integration tools, helping you find the best solution for your financial data needs.
Financial Modeling Prep (FMP)
Financial Modeling Prep (FMP) is a versatile financial data API that provides comprehensive access to a wide range of data, including real-time and historical stock prices, financial statements, economic indicators, and much more. FMP is designed for both individual investors and professional users who need reliable financial data for analysis, trading, or investment decision-making.
Key Features
Real-Time and Historical Data: Offers real-time data and extensive historical data on stocks, ETFs, mutual funds, indices, and cryptocurrencies from global markets.Financial Statements and Metrics: Provides access to detailed financial statements, including income statements, balance sheets, and cash flow statements, with additional growth metrics.Advanced Financial Metrics: Access over 100 fundamental data points like P/E ratios, EV/EBITDA, debt ratios, and dividend yields, ideal for in-depth financial modeling and analysis.Economic Indicators: Includes economic data such as GDP, inflation rates, interest rates, and currency exchange rates, which are crucial for macroeconomic analysis.Corporate Events Data: Detailed information on corporate actions, including dividends, stock splits, IPOs, and earnings calendars, helps keep users updated on important market events.Flexible Pricing and API Plans: Offers a free tier for basic data needs and premium plans starting at $19 per month for more comprehensive data access, including bulk downloads and priority support.API Playground and Documentation: FMP offers well-organized documentation and an API playground, allowing users to test endpoints directly in their browser, simplifying integration.Customizable API Endpoints: Users can customize API endpoints to retrieve specific data fields, reducing data processing time and cost.Sector Performance API: Access data on sector performance, helping users analyze market trends at a sector level.Daily, Weekly, and Monthly Time Series: Provides different time series for stock prices to suit various analysis needs.
Historical Data Download as CSV
FMP provides a straightforward way to download historical stock data as a CSV file, which is particularly valuable for analysts and developers who prefer to work with data in a spreadsheet format.
Here’s how you can use FMP’s API to download historical stock data for NVIDIA (NVDA) using Python:
import requests
import pandas as pd
# Your FMP API key
api_key = ‘your_FMP_api_key’
# Define the endpoint for historical stock data for NVIDIA
url = f’https://financialmodelingprep.com/api/v3/historical-price-full/NVDA?apikey={api_key}’
# Fetch the data from FMP API
response = requests.get(url)
data = response.json()
# Convert the historical data into a pandas DataFrame
df = pd.DataFrame(data[‘historical’])
# Save the DataFrame to a CSV file
df.to_csv(‘NVIDIA_Historical_Data.csv’, index=False)
print(“Historical data for NVIDIA has been downloaded and saved as ‘NVIDIA_Historical_Data.csv'”)Downloaded Nvidia’s Historical Data in csv format
Benefits of FMP API
Ease of Use: FMP’s intuitive API structure and robust documentation make it easy for users to integrate data into their applications.Cost-Effective: Flexible pricing plans allow users to choose the level of access they need, making FMP suitable for both casual users and professionals.Comprehensive Data Access: FMP offers detailed data coverage, from stock prices and financial statements to macroeconomic indicators, all in one place.
By choosing FMP, users gain access to a wide range of financial data with the added benefit of easily downloading historical stock data in CSV format, making it an excellent alternative to Yahoo Finance.
Refinitiv Eikon API
Refinitiv Eikon API is a comprehensive platform for accessing real-time and historical financial data, news, and analytics. It is widely used by financial professionals, including traders, analysts, and portfolio managers, to gain insights into global markets. Refinitiv, part of the London Stock Exchange Group, offers one of the most extensive datasets, covering various asset classes such as equities, commodities, fixed income, and currencies.
Key Features
Real-Time Market Data: Provides access to real-time data for global markets, including stocks, bonds, commodities, forex, and derivatives. This helps users stay updated on the latest market trends and make informed trading decisions.Extensive Historical Data: Offers historical data for multiple asset classes, which is crucial for backtesting trading strategies, conducting market analysis, and building financial models.Advanced News and Analytics: Includes access to premium news from Reuters and analytics tools that provide in-depth insights into global events, market sentiment, and economic trends.Powerful Integration Options: The API supports multiple programming languages such as Python, Java, .NET, and R, enabling seamless integration into various platforms and applications. It also offers powerful Excel add-ins for quick data retrieval and analysis.
Benefits
Comprehensive Market Coverage: Refinitiv Eikon API offers access to one of the largest datasets in the financial industry, covering global markets and all asset classes. This breadth of data makes it an excellent choice for financial professionals needing extensive market coverage.Real-Time Insights and Analysis: The combination of real-time data, premium news, and advanced analytics tools helps users quickly identify market-moving events and opportunities.Flexible Data Access: Users can customize their data feeds according to their specific requirements, making the API highly adaptable for different use cases, from trading to research.Reliable and Secure: As part of the London Stock Exchange Group, Refinitiv ensures that its data is reliable, accurate, and secure, which is crucial for making high-stakes financial decisions.
Morningstar API
Morningstar API is a well-known data service that offers comprehensive access to investment data, research, and analytics. It is a favorite among investors and financial advisors due to its in-depth data on stocks, mutual funds, ETFs, and other investment products. Morningstar is recognized for its proprietary rating systems, which help investors make informed decisions based on fund performance, risk, and costs.
Key Features
Extensive Investment Data: Provides detailed data on a wide range of investment products, including stocks, mutual funds, ETFs, indices, bonds, and more. This is ideal for users looking to analyze a diversified portfolio.Fundamentals and Financial Metrics: Offers detailed fundamentals, financial metrics, and ratios for thousands of publicly traded companies globally. This includes data on revenue, earnings, dividends, P/E ratios, and more, allowing for comprehensive financial analysis.Portfolio Management Tools: Provides tools to build, monitor, and optimize investment portfolios based on user-defined criteria. It helps users assess portfolio performance, diversification, and risk exposure.Market News and Commentary: Delivers real-time news and expert commentary on market events, economic trends, and investment strategies, providing users with the information needed to make timely decisions.
Benefits
Unique Proprietary Ratings: The API offers access to Morningstar’s well-known ratings and analysis tools, which are not available through other data providers. This makes it particularly valuable for users who rely on qualitative insights alongside quantitative data.Trusted Source of Data: Morningstar is a reputable name in the investment community, known for its independent and unbiased analysis. Users can trust the data for accurate and informed decision-making.Advanced Portfolio Tools: With its portfolio management tools, Morningstar API helps users create and optimize investment strategies based on specific goals, risk tolerance, and market conditions.Developer-Friendly: The API’s support for multiple programming languages and platforms makes it highly accessible for developers, allowing them to easily integrate data into their applications.
Morningstar API is a robust choice for investors and financial advisors seeking comprehensive data, unique ratings, and powerful portfolio management tools, offering a reliable alternative to Yahoo Finance.
Xignite API
Xignite is a leading provider of cloud-based financial market data APIs, catering to both fintech startups and established financial institutions. It offers a broad range of data services, including real-time and historical market data for stocks, ETFs, forex, commodities, and more. Xignite’s APIs are known for their reliability and scalability, making them suitable for applications requiring large-scale data access.
Key Features
Real-Time and Historical Data: Provides real-time and end-of-day data across multiple asset classes, including stocks, ETFs, commodities, forex, and fixed income.Global Market Coverage: Access data from over 50 global exchanges, covering North America, Europe, Asia, and other regions.Easy Integration and Scalability: Supports RESTful APIs with data formats like JSON and XML, facilitating integration into various platforms and applications.Advanced Data Management: Includes tools for managing and delivering data efficiently, such as customizable data feeds and real-time monitoring.
Benefits
Wide Data Coverage: Ideal for businesses and developers needing extensive and diverse market data from multiple exchanges.Flexible and Scalable: Designed for applications that require large-scale data access with a high level of reliability and uptime.Developer-Friendly: With robust APIs and comprehensive documentation, Xignite is easy to integrate and customize for different use cases.
Bloomberg API
Bloomberg API is part of the Bloomberg Terminal, a powerful tool for accessing premium financial data, news, and analytics. The API provides access to Bloomberg’s extensive dataset, which includes real-time and historical data on a wide range of financial instruments, economic indicators, and industry-specific analytics. It is favored by financial professionals who require high-quality, comprehensive data for in-depth analysis and trading.
Key Features
Extensive Market Data: Real-time and historical data on equities, fixed income, commodities, forex, and derivatives from global markets.Premium News and Research: Access to Bloomberg’s proprietary news, economic data, and in-depth research reports, which provide insights into market-moving events.Advanced Analytics Tools: Includes tools for portfolio management, risk analysis, and trading strategy development.Integration Flexibility: Offers robust APIs that support multiple programming languages, such as Python, Java, and C++, making integration with custom applications easier.
Benefits
Unmatched Data Quality: Bloomberg is known for providing some of the most reliable and accurate financial data in the market, making it suitable for critical financial decisions.Comprehensive Coverage: Provides broad market data across all asset classes, including niche markets and specialized instruments.Professional-Grade Tools: Equipped with advanced analytics and research tools that are ideal for professional traders, portfolio managers, and financial analysts.Seamless Integration: Highly compatible with various programming environments, making it flexible for integration into proprietary systems.
Bloomberg API is a top choice for users who require premium data quality, extensive market coverage, and access to powerful financial tools, offering a robust alternative to Yahoo Finance.
Tradier API
Tradier API is a versatile platform that combines brokerage services with access to real-time and historical market data. It is designed for active traders and developers who want to build custom trading platforms or applications. Tradier provides data for U.S. equity markets, options, and ETFs, along with advanced trading functionalities, all within a single API.
Key Features
Real-Time Market Data: Provides real-time quotes, market data, and historical prices for U.S. stocks, ETFs, and options.Integrated Brokerage Services: Allows users to execute trades directly through the API, offering seamless integration between market data and trading functionalities.Streaming Data: Offers streaming data services for real-time updates on market activities, essential for active traders.Advanced Trading Tools: Supports advanced order types, options chains, and risk management features, making it ideal for developing custom trading algorithms.
Benefits
Direct Trading Integration: The ability to execute trades through the API makes Tradier a unique choice for developers building trading platforms or tools.Cost Efficiency: Offers competitive pricing for active traders, with low commissions and a range of subscription plans.Developer-Friendly: Provides comprehensive API documentation and support, enabling easy integration into custom trading applications.Focused on Active Traders: Designed specifically for active traders, with real-time data, streaming services, and advanced trading capabilities.
Tradier API is ideal for those who need a combination of reliable market data and integrated trading capabilities, providing a focused alternative to Yahoo Finance for active and algorithmic traders.
FactSet API
FactSet API is a comprehensive financial data platform that offers access to real-time and historical data, analytics, and research tools for a variety of asset classes, including equities, fixed income, and commodities. FactSet is a popular choice among institutional investors, asset managers, and financial analysts who require detailed market data, portfolio analytics, and investment research.
Key Features
Real-Time and Historical Data: Provides up-to-date and historical market data for stocks, bonds, commodities, and other financial instruments.Comprehensive Financial Analytics: Offers powerful analytics tools for portfolio management, risk assessment, and performance analysis, along with proprietary FactSet data points.Flexible Data Delivery: Supports multiple data delivery options, including RESTful APIs, FTP, and cloud-based solutions, allowing seamless integration into various platforms and workflows.Customizable Solutions: Users can customize data feeds and analytics to fit their specific needs, from simple data retrieval to advanced financial modeling.
Benefits
High-Quality Data: Known for providing accurate and reliable data, FactSet is a trusted source for professional-grade financial information.Advanced Analytics: The platform offers a range of sophisticated tools for portfolio analysis, risk management, and investment research, catering to institutional needs.Customizable Integration: Flexible delivery options make it easy to integrate FactSet data into different environments, from in-house systems to third-party platforms.Comprehensive Market Coverage: Extensive data coverage across multiple asset classes ensures users have access to a wide range of financial information.
FactSet API is a robust choice for institutional investors and analysts looking for high-quality data, advanced analytics, and flexible integration options, making it a valuable alternative to Yahoo Finance.
Conclusion
Choosing the right API is crucial for accessing the financial data you need, especially as Yahoo Finance becomes a paid service. This article has highlighted the best alternatives, each offering unique features — from FMP’s CSV data downloads to FactSet’s advanced analytics. Whether you need real-time data, historical records, or robust trading tools, these APIs provide flexible, cost-effective solutions.
Explore the options to find the API that aligns best with your data requirements and budget, ensuring you stay informed and competitive in today’s financial markets.
Best Yahoo Finance API Alternatives in 2024 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.