Investing is a subject that attracts the attention of many people today, and they are knowledgeable about it. Stocks are one of the most trending investment tools, especially in recent times.
Stocks are a more understandable and reliable way than other investment vehicles. However, there are many issues that need to be considered when investing in stocks. Mainly the number of stocks in the platform you will invest in, the accuracy of the data, and the security of the system.
Wouldn’t it be great for investors to have a service that provides instant or historical data on over 170,000 stocks worldwide? Then it’s time to get acquainted with the Marketstack API.
Before we talk about the benefits of Marketstack API, let’s take into account the importance of stock market APIs for financial marketing data users and further analyze it.
So without further ado, let’s get started!
Analyzing the Stock Market APIs
APIs for the stock market are a lifesaver for brokers, investors, and software engineers as standard APIs can easily link these data users to reliable and appropriate data resources.
In addition, receiving stock market data is straightforward, consistent, and reliable via stock market APIs in a suitably formatted structure.
The goal of stock market APIs is to make data exchange, accessibility, and money methods easier. In addition, by utilizing a stock API, you can quickly synchronize data throughout a wide range of platforms.
You can get financial data whenever required and transfer information across stock market APIs for clients, corporate associates, 3rd-party providers, and industry personnel with ease.
But what tends to happen when you don’t have a stock API?
In this scenario, users of stock market data will have to make complex programming in order to interpret unprocessed info right from stock markets.
However, this is a highly difficult procedure since there are so many stock exchanges, all with their own data transfer methods and systems.
The Advantages of Stock Market Data APIs
The key advantage of stock market data for marketers is the method of making quicker and smarter conclusions.
Below are some of the crucial factors why stock market data APIs thrive at this:
Sets up easily
Stock market data APIs are simply plug-and-play links by definition. They don’t need extensive codes and will fill the gap among multiple software systems smoothly. As a result, they are simple to set up and connect.
Vast customization options
Traders that have connections to coders could simply tailor stock market data APIs to their needs.
They can begin with a ready-made stock market data API and customize it to retrieve the precise information they want.
Highly scalable
Ideal stock market APIs like Marketstack API will provide its users with accessibility to a specific subset of the info or the complete global market.
It’s just a matter of choosing those stock market data APIs that are most suitable to your particular requirements.
Data classification
Stock monitoring APIs will filter and combine info from thousands of resources in the precise format that a user requires.
This is an incredible achievement that is highly difficult to accomplish manually.
Satisfaction and mindfulness
Lastly, reliable stock market APIs like Marketstack API offers clients highly required surety about the reliability of the data they are receiving.
This allows them to be concerned less about their data’s quality and focus more on the investment choices that the data promotes.
What is Marketstack API?
With its easy-to-integrate services, Marketstack offers its customers more than 170,000 stocks worldwide, collected from 70 global stock exchanges, including Nasdaq, NYSE, and more, in a secure way.
The historical data support provides old data to its customers and enables analyses for a good investment.
The service structure offered by Marketstack is queriable. It allows obtaining different data by adding additional parameters to the service.
Services Provided by Marketstack API:
End-of-Day Data
Get daily stock market data.
Intraday Data
Get intraday and real-time market data.
Tickers
Get information about stock ticker symbols.
Exchanges
Get information about all supported exchanges.
Currencies
Get information about all supported currencies.
Timezones
Get information about all supported timezones.
While providing all these services to its customers within seconds, it also provides a secure service using 256-bit HTTPS encryption.
For more information and detailed documentation: https://marketstack.com.
Integration to Python Programming Language
Before we go to the integration part, we register by choosing one of the affordable packages that Marketstack API offers to its customers. We get an API key to add to our request.
After obtaining the API key, we can request the Marketstack API with the Python programming language.
End-of-Day Data
With this request, we can easily access Microsoft Corporation’s End-of-Day stock data.
| import http.client
if __name__ == ‘__main__’: conn = http.client.HTTPConnection(“api.marketstack.com”) |
The result of this request is as follows.
| { “pagination”: { “limit”: 2, “offset”: 0, “count”: 2, “total”: 253 }, “data”: [ { “open”: 296.4, “high”: 299.96, “low”: 292.17, “close”: 294.95, “volume”: 31165991.0, “adj_high”: null, “adj_low”: null, “adj_close”: 294.95, “adj_open”: null, “adj_volume”: null, “split_factor”: 1.0, “dividend”: 0.0, “symbol”: “MSFT”, “exchange”: “XNAS”, “date”: “2022-03-01T00:00:00+0000” }, { “open”: 294.31, “high”: 299.14, “low”: 293.0, “close”: 298.79, “volume”: 34577920.0, “adj_high”: null, “adj_low”: null, “adj_close”: 298.79, “adj_open”: null, “adj_volume”: null, “split_factor”: 1.0, “dividend”: 0.0, “symbol”: “MSFT”, “exchange”: “XNAS”, “date”: “2022-02-28T00:00:00+0000” } ] } |
Intraday Data
With this request, we can easily access Microsoft Corporation’s Intraday stock data.
| import http.client
if __name__ == ‘__main__’: conn = http.client.HTTPConnection(“api.marketstack.com”) |
The result of this request is as follows.
| { “pagination”: { “limit”: 2, “offset”: 0, “count”: 2, “total”: 3974 }, “data”: [ { “open”: 297.29, “high”: 301.065, “low”: 293.755, “last”: 300.635, “close”: 294.95, “volume”: 427517.0, “date”: “2022-03-02T20:00:00+0000”, “symbol”: “MSFT”, “exchange”: “IEXG” }, { “open”: 297.29, “high”: 300.675, “low”: 293.755, “last”: 299.7, “close”: 294.95, “volume”: 363319.0, “date”: “2022-03-02T19:00:00+0000”, “symbol”: “MSFT”, “exchange”: “IEXG” } ] } |
Tickers
With this request, we can easily access Tickers which marketstack API provides.
| import http.client
if __name__ == ‘__main__’: conn = http.client.HTTPConnection(“api.marketstack.com”) |
The request limit is set to just 2. The result of this request is as follows.
| { “pagination”: { “limit”: 2, “offset”: 0, “count”: 2, “total”: 187345 }, “data”: [ { “name”: “Microsoft Corporation”, “symbol”: “MSFT”, “has_intraday”: false, “has_eod”: true, “country”: null, “stock_exchange”: { “name”: “NASDAQ Stock Exchange”, “acronym”: “NASDAQ”, “mic”: “XNAS”, “country”: “USA”, “country_code”: “US”, “city”: “New York”, “website”: “www.nasdaq.com” } }, { “name”: “Apple Inc”, “symbol”: “AAPL”, “has_intraday”: false, “has_eod”: true, “country”: null, “stock_exchange”: { “name”: “NASDAQ Stock Exchange”, “acronym”: “NASDAQ”, “mic”: “XNAS”, “country”: “USA”, “country_code”: “US”, “city”: “New York”, “website”: “www.nasdaq.com” } } ] } |
Exchanges
With this request, we can easily access Exchanges that marketstack API provides.
| import http.client
if __name__ == ‘__main__’: conn = http.client.HTTPConnection(“api.marketstack.com”) |
The result of this request is as follows.
| { “pagination”: { “limit”: 2, “offset”: 0, “count”: 2, “total”: 69 }, “data”: [ { “name”: “NASDAQ Stock Exchange”, “acronym”: “NASDAQ”, “mic”: “XNAS”, “country”: “USA”, “country_code”: “US”, “city”: “New York”, “website”: “www.nasdaq.com”, “timezone”: { “timezone”: “America\/New_York”, “abbr”: “EST”, “abbr_dst”: “EDT” }, “currency”: { “code”: “USD”, “symbol”: “$”, “name”: “US Dollar” } }, { “name”: “New York Stock Exchange”, “acronym”: “NYSE”, “mic”: “XNYS”, “country”: “USA”, “country_code”: “US”, “city”: “New York”, “website”: “www.nyse.com”, “timezone”: { “timezone”: “America\/New_York”, “abbr”: “EST”, “abbr_dst”: “EDT” }, “currency”: { “code”: “USD”, “symbol”: “$”, “name”: “US Dollar” } } ] } |
Currencies
With this request, we can easily access Currencies that marketstack API provides.
| import http.client
if __name__ == ‘__main__’: conn = http.client.HTTPConnection(“api.marketstack.com”) |
The result of this request is as follows.
| { “pagination”: { “limit”: 2, “offset”: 0, “count”: 2, “total”: 42 }, “data”: [ { “code”: “USD”, “symbol”: “$”, “name”: “US Dollar” }, { “code”: “ARS”, “symbol”: “AR$”, “name”: “Argentine Peso” } ] } |
Timezones
With this request, we can easily access Timezones which marketstack API provides.
| import http.client
if __name__ == ‘__main__’: conn = http.client.HTTPConnection(“api.marketstack.com”) |
The result of this request is as follows.
| { “pagination”: { “limit”: 2, “offset”: 0, “count”: 2, “total”: 57 }, “data”: [ { “timezone”: “America\/New_York”, “abbr”: “EST”, “abbr_dst”: “EDT” }, { “timezone”: “America\/Argentina\/Buenos_Aires”, “abbr”: “-03”, “abbr_dst”: “-03” } ] } |
Usages
There are many reasons to integrate the services offered by the Marketstack API into your applications.
The flow of instant data is very important in an application where stocks are bought/sold. At this point, the values of the desired stock are provided instantly with the services offered by the Marketstack API.
Marketstack API allows you to attract professional investors to your application by providing historical data.
In addition, it provides a wide range of services to investors by providing data on close to 170,000 stocks from 70 global stock exchanges, including the Nasdaq, NYSE, and more.
Conclusion
These days when the investment has increased considerably, the services offered by the Marketstack API are of the kind that will attract many investors. If you want to level up your application with the global, instant data provided by the Marketstack API, you can visit the Marketstack API website.
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