Trying to decide who to buy options data from? It’s tough.We get it. It can feel like there are a lot of data companies out there with just too many options and flavors to choose from (pun intended). We put together this article to help you understand the options landscape and where Intrinio’s options data products fit.
At Intrinio, we’ve sold options data to thousands of innovative companies, fintech startups, and investors. We’ll start with a quick background on Intrinio and our Options data sets, then dive into how we differ.
Intrinio is a financial data provider that offers a varietof data feeds for a range of financial markets. Intrinio was the first company to democratize access to financial data via API and has been delivering data to innovators for over a decade. The Intrinio team has deep experience in market data, financial dataengineering, and fintech development. Intrinio was founded by developers who couldn’tafford or find quality financial data, so it was built specifically withdevelopers in mind.
Intrinio’s options packages cover historical, delayed, and real-time data. The data includes a range of expiration dates and strike prices, making it ideal for traders who need up-to-date information to make informed trading decisions. Intrinio options data is fully filtered, passes rigorous data quality checks, and is delivered through a cutting-edge API andWebSocket. Lots of work went into making this data set super easy for developers to use. It includes implied volatility, Greeks, and unusual activity.
Most options data products on the market are very similar; options market data comes from the exchanges and is relatively homogenous when it turns into a product. There’s not much to differentiate on when it comes to the actual data set, but here are two ways we stand out:
Intrinio calculates critical metrics such as implied volatility, Greeks, and unusual activity on the back end. We believe in making data easy for end users, so we calculate it from the get-go. This preprocessing helps Intrinio usersavoid significant server costs and save big time on the resources they would have spent creating their own metrics. Developers and servers can cost more than the data licensing if your provider is missing these metrics. Many providers on the market only provide the base pricing feed without calculated fields. Watch out for this because it can cost you down the line - server costs, development time, and a big distraction from your core business can sink your platform. You shouldn’t have to be the data provider too!
One of the most important factors for traders and developers when it comes to options data is the quality and accuracy of the data feed. You rely on accurate data to make informed trading decisions, so any inaccuracies or errors can significantly impact trading outcomes and the future of your business or app. Intrinio’s options data service is known for its accuracy and reliability. We use a variety of sources to collect and verify the data, ensuring that it is up-to-date and accurate. Intrinio’s data platform is powered by a robust set of proprietary data technologies that include machine learning processes, quality checks, and analytics. Our market data team has decades of experience in the space. Other providers who may be newer to the options market might make mistakes with the integration, resulting in poor data quality and adverse downstream effects for your business.
Additional metrics and data quality are what sets Intrinio’s options data apart from other products, but that’s not all that matters. After being in the data business for over a decade, we’ve learned that the most important factors to consider when choosing a data provider often have nothing to do with the data. When working with a data provider, your experience with the initial integration, day-to-day support, and ongoing partnership is part of what you are buying; choosing a suitable data partner can make or break your business or investment strategy.
It’s critically important to consider the ease of use of the data feed when choosing an options data provider. A user-friendly interface and easy-to-navigate data feed can make it easier for traders to access the information they need and make informed trading decisions. Intrinio’s options data feed is known for its user-friendly interface and ease of use. The data is presented in a clear and easy-to-understand format, making it simple for traders to access the necessary information. Intrinio also offers a range of tools and resources to help traders analyze the data and make informed trading decisions, including one of the most robust APIs on the market, clear documentation, SDKs in all major languages, a WebSocket, helpful tutorials, downloads, and code samples.
It’s worth noting that Intrinio can provide the most competitive pricing on the market while delivering a higher-quality product. We can achieve this because of our underlying disruptive technology and brilliant engineering team. You won’t find a more affordable (and reliable) options data product on the market, and we’re proud to help you save money. Getting started with an investment app or investing strategy can be expensive, but we built Intrinio so that you can start small and scale over time. We like to grow together with our clients so that we’re invested in your success.
Selling data isn’t easy if you do it right. What happens behind the scenes and under the hood is remarkably complex, intricate, and robust. Many data providers on the market will cut corners, break the rules, and ignore best practices to bring cheap data products to their clients. Run, don’t walk away from these providers. Intrinio was built on integrity and doing what is right for fintech innovators. We have put decades of work into building reliable, trustworthy data products and integrations that are legal and safe(yes, many providers source data illegally, which could implicate you). Working with us for your options data means complete security, reliability, and partnership.
Spinning up multiple data providers with separate APIs, docs, and contracts can quickly become a nightmare for fintech companies and investors. At Intrinio, we offer a full suite of financial data that can be bundled together with our options data sets. Our clients have access to historical, delayed, and real-time stock prices, fundamental data, institutional holdings, insider transactions, news, corporate actions, IPOs, analyst estimates, ETF data, Mutual Fund Data, ESG data & more. Flipping on new data sets alongside your options data is quick and easy.
These factors are even more critical for options data users than other users of financial data, like fundamental investors. Buying data in real-time means you are making real-time decisions that can significantly impact you, your investments, your clients, and your business. You can’t be worrying about your underlying data sets, and you shouldn’t have to.
The Intrinio founding team started in your shoes -struggling to find an affordable, quality, and easy-to-use data feed, so they knew exactly what to fix when they built Intrinio. There are lots of places to buy options data, but if you work with Intrinio, you’ll:
We’d love to show you what it’s like to work with a trusted data partner, and we can’t wait to see what you build with our data. Request a consultation with one of our data experts so we can set you up on a free trial of our options data, or chat with us if you have questions.