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The finance industry is witnessing a greater adoption in terms of technology over the past few years.
Innovative technologies such as financial APIs are among them that businesses of all sizes have begun leveraging.
Financial APIs can help developers connect to their applications and platforms effortlessly and accelerate time to market.
Its a win-win situation for all if you use an efficient financial API to build your digital products.
Marketstack
Marketstack is an easy-to-use and free REST API interface that delivers global stock market data in JSON format.
Every byte and bit is secured with industry-standard 256-bit HTTPS encryption.
Scalability is never an issue with Finage, as it easily handles enterprise use cases.
Moreover, You get a reliable 99.99% uptime guarantee, offering non-stop action.
Finage API uses an in-memory cache engine to deliver blazing-fast responses for real-time analytics and trading.
Finage offers multiple pricing plans to suit different requirements:
3.
Likewise, the daily chart indicates the daily price fluctuations of a specific stock in the given date range.
Similarly, one can check out the other indicators in their developer documentation via theirstock trader API.
The data is structured and ready to be exported as JSON, CSV, or text.
The API is backed by highly available and solid cloud infrastructure to get to deliver your data in milliseconds.
It also encrypts all the responses and requests with 256-bit HTTPS encryption.
Furthermore, Coinlayer will supply consistent information whenever you need it.
Use it with a RESTful response and request, and interactive and extensive documentation.
Coinlayer offers a response time as low as 20 milliseconds.
With the integration guide, you will also get a chance to learn more.
Get Coinlayer for free with 100 requests every month, hourly updates, and historical data.
Financelayer
Financelayer is a real-time API for financial news that uses JSON payload to get dynamic financial data.
Embed live finance news on any program or website along with article feeds.
It also covers all the information, from historical data to real-time news.
It is equipped with more than 100 pre-written codes, which helps you get started in minutes.
It lets you backtest the trading and run simulations along with investing strategies by using the crypto data.
You will also have complete visibility of all the cryptocurrency data from up to 5 years.
CoinMarketCap comes with a free API key with limited benefits.
Take advantage of more features at $29/month if billed annually.
Webz.io News API gives you direct access to Live Data from various news sites.
It also offers you filters with the options entities, sentiment, archived data, and social signals.
Build better and valuable artificial intelligence models through various data.
Access all the stories you will collect and gain complete insight into your brand to monitor it in real-time.
you’re free to explore moreGlobal News APIshere.
The API supports many tokens, exchanges, standards, layers, and blockchains.
It monitors the market constantly for new data every time so that you stay ahead of the competition.
You will also get enterprise-grade security to encrypt all sensitive data, memory, and REST.
The API also uses microservices architecture, which is cloud-based and uses Kubernetes for auto-scaling.
Crypto APIs can serve 5000 requests per second without any change in response time.
You will also get access to SDKs and libraries in your preferred programming languages.
Polygon.io
Polygon.io is the financial market data platform for forex, crypto, stock APIs, and more.
It provides historical and real-time stock data APIs for US stocks from US-based stock exchanges and dark pools.
Receive tick-by-tick updates on 1000 currency pairs from the leading banking institutions.
Additionally, you will get historical and real-time crypto data from leading crypto exchanges in one API.
Moreover, the structured JSON RESTful APIs allow you to request by using coding language.
It also maintains ultra-low latency APIs of less than one millisecond.
Gain more features and benefits at $19/month.
It comes with cutting-edge technology, rigorous research, and unwavering accessibility to financial data.
Take a test drive of the API library with Alpha Vantages API documentation.
When you are ready, claim your free key and explore more.
It supports many programming languages, including NodeJS, PHP, Python, C#/.NET, and more.
It will cover more than 20 years of historical data you need for your applications.
Register yourself for lifetime access and use Alpha Vantage for free by giving accurate information about you.
It provides historical prices and live quotes for stocks, bonds, commodities, and currencies.
Use it to access historical data and current figures on 20 million indicators for 196 countries.
it’s possible for you to also receive data on national statistics directly from official sources.
Get Trading Economics API at just $49/week or $199 monthly and avail yourself with one week trial.
you’ve got the option to also avail of discounts on quarterly and yearly plans.
With that, we come to the end of the list of financial APIs.
What are Financial APIs?
A finance API aims to allow users to access financial information whenever they want with a few clicks.
Financial APIs fill the gaps between distinctive apps and synchronize data across different apps.
They can connect to legacy financial apps and collect data from them by getting inbound requests.
Next, they process the requests, reach the requested data, and send the response.
Why should you use Financial APIs?
Leveraging APIs can help traders and businesses connect financial apps, access data, and build products faster.
There are many more benefits to it.
Heres a detail on how financial APIs can help you.
you might quickly create, optimize, and deploy your products faster using a secure and open API.
Its more efficient than building an app in-house by writing code from scratch.
This process of applications can save a lot of money, time, and effort.
It offers bank-level protection and allows you to manage your data effectively for easy regulatory reporting and compliance.
It can include information like spending patterns and trends by geographical locations, stores, merchants, etc.
It will help you map your customers needs and expectations and shape your offerings accordingly.
you could enable this using a financial API while building your program.
Theres hardly any room for hassles as things have become more streamlined and accessible with the advancing technology.
Using financial APIs in your applications allows you to do just that.
Final words
Financial APIs are handy for developers to build faster, responsive, and secure applications.
Its not only helpful for businesses but also for your customers.
Thus, choose a financial API from the above list based on your needs and build outstanding financial products.
