Best 5 Financial Data Providers of 2024

In this article, you will see:

• What a financial data provider does
• The aspects to keep in mind when evaluating these companies
• The best financial data providers of the year
• A side-by-side comparison of these solutions

Let’s dive in!

What Is a Financial Data Provider?

A financial data provider collects, curates, and delivers data related to the stock market, crypto exchanges, and economic trends. Typically, it offers a broad spectrum of financial information, such as market prices, company fundamentals, trading volumes, and more.

Sources of this data include stock market exchanges, financial institutions, and government reports. Alternative data sources like news, social media, and web traffic are also important. Find out more in our guide on data sourcing.

Businesses use financial data for various purposes, including risk management, investment decision-making, market analysis, and algorithmic trading. For more information, check out our dedicated page on the financial data use case.

Elements for Comparing Financial Data Providers

Here is the list of the essential aspects to consider when comparing the best financial data providers:

• Features: The range of functionalities provided by the data service.
• Available data: Categories of financial information offered (e.g., ESG, ratios and statistics, cryptocurrencies, etc.).
• Formats: Options for downloading and exporting data.
• Delivery methods: Ways data is provided to users.
• Compliance: Adherence to GDPR, CCPA, and compliance with financial regulations.
• User reviews: Customer review score on G2.
• Free data: Access to sample data for evaluating data quality before purchasing it.
• Pricing: Details of available plans within the provider’s pricing structure.

Top 5 Financial Data Providers

Discover the best financial data providers, selected and ranked based on the factors presented earlier.

1. Bright Data

Bright Data is renowned for its premium proxy services but also comes with a vast range of data solutions. These include custom data acquisition services, dedicated web scraping tools, and a large dataset marketplace.

In the realm of financial data, Bright Data provides:

• Financial datasets: Access a variety of financial datasets to gain insights into stock market trends, public company financials, and economic indicators, delivering actionable public financial data.
• Cryptocurrency datasets: Obtain cryptocurrency datasets to enhance investment insights, mitigate risks, and optimize portfolios with accurate crypto data.

Bright Data features both subscription plans and one-time purchase options to meet different needs. If you need help, the provider guarantees responsive customer support from a dedicated team of over 80 data specialists. 

The quality of the data delivered by Bright Data is maintained through rigorous validation processes. For example, those procedures ensure compliance with regulations like GDPR and CCPA.

With a customer base exceeding 20,000 globally, Bright Data is recognized as the best financial data provider.

Features: 

• Automated data pipelines
• Verified, clean, and precise data
• Tailored scheduling for automated data delivery
• Flexible pay-per-record pricing models
• Data samples available in JSON and CSV
• Optional data compression features
• One-time, monthly, quarterly, and biannual data updates
• Customization, enrichment, and data formatting services
• Discounted rates for purchasing segments of existing datasets
• Round-the-clock support from a team of 80+ data experts

Available data: Open prices, close prices, high prices, low prices, volumes traded, earnings per share (EPS), price to earnings (P/E), dividend yields, dates, crypto pricing, trading volumes, buy and sell orders, coin values, blockchain data, and more

Formats: JSON, NDJSON, JSON Lines, CSV, Parquet, and others

Delivery methods: Snowflake, Amazon S3 bucket, Google Cloud, Azure, SFTP, and others

Compliance: GDPR and CCPA

User reviews: 4.6/5 (197 reviews)

Free data: Yes, through free data samples 

Pricing: Starting from $500

2. Bloomberg

Bloomberg needs no introduction as a leader in financial services and information. However, not everyone is aware that Bloomberg is also a prominent financial data provider. This is true thanks to its Enterprise Data Catalog product.

That catalog features a variety of products and services designed to provide insights into the stock market. It contains over 500 meticulously curated financial datasets tailored for enterprise applications. 

Data is available via a REST API interface and can also be accessed from other Bloomberg services. Organizations can use these services to integrate high-quality financial data coming from the most popular provider in finance.

Features: 

• Integration with Bloomberg Terminal
• Dedicated ready-to-use data exploration platform
• Integration with other Bloomberg solutions

Available data: ESG, event-driven feeds, funds, market, pricing, reference, regulatory

Formats: JSON, PDF, and more

Delivery methods: SFTP, REST API, and integrations with cloud environments

Compliance: Undisclosed

User reviews: —/5 (0 reviews)

Free data: Free demo available

Pricing: Undisclosed, you need to schedule a demo with their sales team

3. Datarade

Datarade is a platform designed to streamline the discovery, comparison, and access to data products. In particular, it showcases a selection of over 500 providers. Here is why it also appears in the list of the best company data providers.

Datarade offers a wide array of financial information from more than 170 reputable data providers. Users can preview data samples before purchasing services and receive assistance from data experts throughout the process.

The top financial data provider on the platform is Bright Data, which boasts an impressive review score of 4.9/5.

Keep in mind that pricing, data formats, and delivery methods can vary significantly depending on the chosen data provider.

Features: 

• 170+ financial data providers
• Support from data sourcing experts
• Advanced dataset searching capabilities
• Possibility to filter data based on the country it comes from

Available data: Stock market, ESG, references, commodities, currencies, fixed income data, derivatives, economic data, funds, OTC, corporate data, banks, credit ratings

Formats: JSON, CSV, XLS, and others

Delivery methods: S3 Bucket, REST API, email, SFTP, UI export, feed API, streaming API, SOAP API

Compliance: Includes GDPR and CCPA

User reviews: 4.5/5 (21 reviews)

Free data: Yes, some providers offer free data samples

Pricing: Depends on the chosen data provider

4. Kaiko

Kaiko is a leading cryptocurrency market data provider, catering to institutional investors and enterprises. The company is dedicated to delivering a high level of security, reliability, and transparency.

Being a financial data provider, Kaiko offers insights for discovering and trading cryptos. This data supports various businesses and individuals in developing their crypto strategies.

Note that Kaiko primarily focuses on cryptos, meaning it does not provide other types of financial data.

Features: 

• Trades, derivatives metrics, order books, and other data
• Historical and live crypto data
• Dedicated data dictionary to better understand data

Available data: All trades, orders, futures, and options contracts from over 100 centralized and decentralized exchanges

Formats: JSON, CSV, and other normalized data formats

Delivery methods: API, file download, real-time streaming, BigQuery, and others

Compliance: GDPR, SOC 2 TYPE II, BMR & IOSCO

User reviews: —/5 (0 reviews)

Free data: Free trial through a sales inquiry

Pricing: Undisclosed, you must first ask for a demo

5. Data & Sons

Data & Sons is an open marketplace where users can buy, sell, and share datasets. It serves as a platform for listing datasets for various use cases. This is why it makes the list of the best dataset websites.

As a financial data provider, Data & Sons has only around 50 datasets. While that number is not incredible, those datasets cover from stock market price analysis to cryptocurrency research.

The main drawback is that datasets are only available in CSV format, with no integration options. On the positive side, the prices for these financial datasets are typically very affordable.

Features: 

• Possibility to leave reviews on datasets
• Money-back guarantee
• Possibility to ask the data seller a question

Available data: Stock market tickers, mutual funds, crypto, blockchain, equities, stock prices, and more

Formats: CSV

Delivery methods: File download

Compliance: Includes GDPR and CC 

User reviews: —/5 (0 reviews)

Free data: Yes, via random samples of data

Pricing: Depends on the chosen data provider

Best Financial Data Provider: Summary Table

Compare the top financial data providers in the summary table that follows:

Conclusion

In this blog post, you explored the world of financial data providers and highlighted the key criteria for choosing the top one. Based on those factors, Bright Data stands out as the best financial provider in the market.

Tusted by many Fortune 500 companies and over 20,000 customers, Bright Data operates the largest and most reliable proxy network in the industry. That network is used to ethically collect data from the Web and make it available in ready-to-use datasets.

Bright Data’s extensive marketplace goes beyond financial datasets and crypto datasets, offering also:

• Business Datasets: Data from platforms like LinkedIn, CrunchBase, Owler, and Indeed.
• Social Media Datasets: Data from Instagram, Facebook, YouTube, TikTok, Reddit, and more.
• Real Estate Datasets: Data from sites such as Zillow, MLS, and more.
• Ecommerce Datasets: Data from Amazon, Walmart, Target, Zara, Zalando, Asos, and many more.

Talk to one of our data experts to discover which of Bright Data’s products and services best suit your needs.