Financial APIs
About Financial APIs
Financial APIs keep investors and enthusiasts in the know about their monetary transactions. Whether accessing bank account information, trading stocks, or keeping up with the latest cryptocurrency news, a financial API is in the background keeping everything accessible and running smoothly.
What is a Financial API?
Application programming interfaces (APIs) act as a messaging service between end-users and the data providers that house the information they require. In the financial industry, these providers include brokerages, currency exchanges, banks, blockchain servers, and news outlets that keep investors up-to-date on the dynamic marketplace.
How does a Financial API work?
Depending on its purpose, a financial API may work by acting as the middle man between users and companies that aggregate current market rates, allow account access for trading purposes, or disperse industry news.
Who can benefit from Financial APIs?
Anyone with a bank account, those who trade on the stock market, brokers that place buy and sell orders for clients, cryptocurrency investors, and industry enthusiasts can all benefit from the various financial APIs available.
Developers who wish to generate applications that aid investors can use these APIs to add crucial functionality to their products. Finally, web admins that specialize in financial advice, services, or products can use APIs to stream news, provide current exchange rates, and more on their sites.
Why are Financial APIs necessary?
Not long ago, investors had to either trust their money to brokerage firms or were limited to printed newspapers to make crucial decisions on their portfolios. The problem with this is that by the time they received the news and stock information, it had likely already changed. APIs and the applications they power change all of this by giving near-instantaneous updates on the ever-changing marketplaces.
What can you expect from a Financial API?
First and foremost, a financial API must be cleanly coded and implement the utmost in security measures to keep sensitive data and customer account information safe. As market rates frequently change throughout the day, an API that provides updates needs to refresh often, preferably by the minute. Any lagging in data transfer is detrimental to sensitive trade decisions, so this metric is vital for developers in the financial market.
Are there examples of free Financial APIs?
- Stock Market Data
- Twelve Data
- SEC Filings
- Alpha Vantage
- CurrencyAPI.net
- Market Signals
- ESG (Environmental, Social, Governance) Data
- Stock Market News
- Yahoo Finance Stocks
- Alpha Chain
- Currency
Financial API SDKs
All Financial APIs are supported and made available in multiple developer programming languages and SDKs including:
- Node.js
- PHP
- Python
- Ruby
- Objective-C
- Java (Android)
- C# (.NET)
- cURL
Just select your preference from any API endpoints page.
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