Choosing Market Data Vendors for Historical and Reference Data

# Bloomberg Alternative for Quant Fund


# Bloomberg Alternative for Quant Fund












Is there an alternative to Bloomberg for someone who only needs historical data (stocks, futures, indices) as well as what Bloomberg calls 'reference data' - i.e. what is the multiplier of ESU4, what is the ticker of the 3rd VIX future, what is the cost of a given ETF, etc.

Most providers I have found only supply historical price data and not much else.

Thanks in advance!

## Answer by Sason Torosean (score 6)

https://quant.stackexchange.com/a/10397

Here is what you can definitely use: Thomson Reuters Eikon

## Answer by Sergei Rodionov (score 1)

https://quant.stackexchange.com/a/61957

Market data for professional users is generally much more expensive than retail so Bloomberg might not be a bad deal in the end. As for alternatives consisting of both data and data store:

- `$0` for Axibase TSD on single node (my affiliation)

- `$699 + exch. fees` for polygon.io delayed feed for all US exchanhes (no affiliation)

Another idea, at least for equities, is to use delayed IEX TOPS archives. They're zero cost and are updated shortly after midnight UTC. Most trades are within the NBBO spread. Average volume is 300M shares, 3M trades, $20B per day.

## Answer by R110 (score 1)

https://quant.stackexchange.com/a/61977

IMHO, the best data provider outside of Bloomberg for those who are comfortable with programmatic access is TickData.com. You can get enormous amounts of future and stock data. They have API access. You can customise how you do rolls. They have an API. You can work with AWS. It's professional grade data with professional access and data cleaning / customisation options.

## Answer by ℕʘʘḆḽḘ (score 0)

https://quant.stackexchange.com/a/10408

try also Datastream. but at the end it really depends on the type of financial data that you need.

## Answer by Amanda (score 0)

https://quant.stackexchange.com/a/61953

If you are a quant fund, algoseek.com is the data vendor worth checking out.

Algoseek provides comprehensive, professional intraday and end-of-day market data products designed especially for quants and machine learning. For example, their equity Trade+Quote minute bar has around 80 data points, providing detailed information on market dynamics and microstructure.

Algoseek data products cover the major asset classes including equities, futures and options. They provide both historical data and updates.

## Answer by atp (score 0)

https://quant.stackexchange.com/a/76500

For daily futures prices via ftp download, my experience overall with https://www.csidata.com/ was very good. They provide all the metadata you need via a simple web API. I'd typically download metadata (and update my RDBMs) each weekend. They also bundle their data in a retail-oriented Windows application, which is probably cheaper, but I have no experience with that.

CSIdata definitely is NOT a general purpose "Bloomberg alternative". But just for daily futures data, it's BETTER. Bloomberg is very comprehensive, but CSIData is better organized, easier to work with, and also much cheaper.