Quandl

Quandl, Inc.

Type of business	Private
Type of site	E-commerce
Available in	English
Headquarters	Toronto, Canada
Area served	Worldwide
Founder(s)	Tammer Kamel Abraham Thomas
Key people	Tammer Kamel (CEO) Abraham Thomas (CDO)
Industry	Internet
Products	Quandl Data Marketplace
Services	Data subscriptions
Employees	16
Website	quandl.com
Launched	1 January 2013
Written in	Ruby and Java

Quandl (/ˈkwɑːndəl/) is a Toronto-based platform for financial, economic, and alternative data, serving investment professionals. Quandl sources data from over 500 publishers.^[1] All Quandl's data are accessible via an API.^[2] API access is possible through packages for multiple programming languages including R, Python, Matlab, Maple (software) and Stata.^[3][4]

An Excel add-in allows access to data, including stock price information.

Quandl's sources include the UN, Worldbank, CLS Group, Zacks, and several hundred more.^[5][6]

History

Quandl was founded in 2012 by Tammer Kamel and Abraham Thomas.^[7] In March 2013, Quandl raised $1.5m,^[8] in seed funding followed by a $5.4m Series A from August Capital in 2014.^[9]

Since its launch, Quandl has been discussed as a disruptive force in the anachronistic financial data sector.^[10] With over 100,000 users^[11] Quandl is positioning itself as a possible replacement for both Bloomberg and Reuters terminals.^[12] Quandl is an alternative for people who are unable to afford the expensive licensing fees of Bloomberg and Reuters.^[13]

Products

Quandl's main focus, and area of expertise, is in the realm of alternative data.^[14] Quandl sells alternative datasets, defined as "any data that is not typically made available to Wall Street firms by traditional sources".^[14] Quandl "sources, evaluates and productizes undiscovered data" and then sells it to financial institutions, who use it to enhance their trading strategies.^[15]

Quandl also offers market data through its marketplace. Some data sets are free while others require a subscription. Different datasets have different prices. They have hundreds of databases and providers ranging from stock price history to global fundamentals to commodities data to Asian market data.^[16]

Quandl has an exclusive relationship with CLS Group in London, and is the only source of commercial FX volume data^[17]

References

1. "Quandl - Product Hunt". Product Hunt. Retrieved 2016-09-01.
2. "Quandl Package - 5,000,000 free datasets at the tip of your fingers!". EconBS. 5 May 2013.
3. Machlis, Sharon (8 March 2013). "Quandl: Wikipedia for data". Computer World.
4. "Full list of tools supported on Quandl".
5. Harris, Derrick (31 May 2013). "It's a beautiful thing when free data meets free analytics". Gigaom.
6. "Quandl Data Sources".
7. "Quandl Financial and Economic Data". www.quandl.com. Retrieved 2016-09-01.
8. "Quandl | CrunchBase". www.crunchbase.com. Retrieved 2016-09-01.
9. Gage, Deborah. "Quandl Raises $5.4 Million for Its Financial-Data Marketplace". Retrieved 2016-09-01.
10. "Can the Bloomberg Terminal be "Toppled"?". Matt Turck. 2014-03-19. Retrieved 2016-09-01.
11. "New Data Provider Quandl Moves Toward Alternative Data • Integrity Research". Retrieved 2016-09-01.
12. AbleMarkets.com, Irene Aldridge Quantitative portfolio manager; MD at; speaker; author; Trading', 'High-Frequency (2016-01-22). "Blindsided by innovation like Bloomberg? Don't become a statistic.". The Huffington Post. Retrieved 2016-09-01.
13. "Quandl: A Marketplace for Financial Data". Retrieved 2016-09-01.
14. "Quandl Embarks on Quest for Alternative Data". Retrieved 2016-09-01.
15. "Quandl Financial and Economic Data". www.quandl.com. Retrieved 2016-09-01.
16. "Quandl Financial and Economic Data". www.quandl.com. Retrieved 2016-09-01.
17. "Quandl Adds CLS FX Trade, Volume Data to Online Platform". Retrieved 2016-09-01.