Most data vendors will require a free API key because that's their GTM. They want you to create an account with them to get a free API key and then expect to be able to upsell you over time.
Or you can access "free data" (e.g. yfinance) that relies on projects who actively scrape financial data from a website - these tend to need a lot of updates from main maintainer since there are no aligned incentives between maintainer of the scrapped API and company that has the data.
PS: I'm the main creator behind the OpenBB project on GitHub.
> Most data vendors will require a free API key because that's their GTM. They want you to create an account with them to get a free API key and then expect to be able to upsell you over time.
> PS: I'm the main creator behind the OpenBB project on GitHub.
As you point out the GTM of others, can you tell us what your GTM is?
In it, users have access to several datasets that we have redistribution rights for. This enables users to export any dataset but also to access that same financial data through our Excel Add-in.
Most retail financial products only have display rights as it's much cheaper than the redistribution license.
We have the OpenBB Platform CLI, a command line interface (CLI) that allows users to access a lot of financial data but needs to bring each API key.
The reason why this works is that once you run the CLI, you are running it on your machine and leveraging your own API keys - which, when you subscribe you sign for Terms and Conditions.
And, in it, it usually states that you cannot use the data for any commercial purpose.
This is what most data vendors do. Not only because they are trying to upsell you but because giving you access to data costs them money.
Easily create HTML webviewers in python utilizing the wry library. Unlike many HTML viewers that exist for Python - Pywry allows you to run javacsript.
PyWry is also a ~2mb footprint for Mac and Windows - Linux will require a few more libraries which are listed below.
After that your API key will allow you limited usage, e.g. AlphaVantage allows 5 requests per minute. This means that if you want more access you'll have to subscribe to one of their premium tiers.
It's not our data, it's their data. We just provide it under OpenBB terminal and API, in 1 place. So you don't need to read 10 different data sources documentations and it's all standardized by us
Thanks. That wasn’t clear on the webpage. There’s prominent claims of how many GitHub stars you have but I couldn’t really tell at a glance what the capabilities are here.
What we did was wrong, everyone knows it. We came out and apologized. We discussed this for days after it happened internally and with our investors/advisors. But there's nothing else we can do.
In any case, you are right. We rely on API keys because unlike BBT we don't own the data, and therefore, we are essentially a platform that aggregates investment research data - and that the user is allowed to customize their own feeds.
Most data vendors will require a free API key because that's their GTM. They want you to create an account with them to get a free API key and then expect to be able to upsell you over time.
Or you can access "free data" (e.g. yfinance) that relies on projects who actively scrape financial data from a website - these tend to need a lot of updates from main maintainer since there are no aligned incentives between maintainer of the scrapped API and company that has the data.
PS: I'm the main creator behind the OpenBB project on GitHub.