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"Getting real-time and historical prices with IEX Cloud to power our stock market education app has been orders of magnitude cheaper than our previous solution. Integrating the API was straightforward and their customer service has been first-rate."
Lead Developer, BLUECHXP
When we set out to build IEX Cloud, we wanted to find a way to make the platform accessible to everyone while still building a sustainable business.
IEX Cloud was built on the idea that you should be able to get all the financial data you need in one place and only pay for what you use. But not all data provides the same value. We created a weighting system to ensure data is assigned a fair value based on two factors: frequency and acquisition cost.
Frequency of data is how often the data updates. Data such as real-time prices update thousands of times per day, but data such as earnings updates in months. So, for example, a single stock quote has a weight of 1, while a company's latest EPS has a weight of 1000.
Acquisition cost is based on the amount of resources required to source and maintain data. Some data is published through public feeds, while some requires large teams to validate, clean, and categorize.
It’s all spelled out in our documentation, and we welcome feedback on how we can make this system more clear and easy to use.