Quandl: Democratizing Data

There are two components to DIY quantitative investing.  The first is know-how in building models and systems.  The second is data to fuel the analysis, model or strategy.

It is this second component that often impedes otherwise capable analysts because finding valid, usable, well formatted data is either time consuming or expensive. We can’t all afford Bloombergs @$20k a pop.

The democratization of quant demands as a prerequisite, the democratization of data.  This is the mission that www.quandl.com is on.  Quandl is part data platform, part search engine.  It is a search engine in that it uses bots to find numerical data from all over the internet.  It is a platform because it parses and organizes the data it discovers thus making it easy for Quandl users to find and use numerical data.

By bringing all numerical data into one place and building a smart index and interface Quandl opens up quantitative information to everyone.  Quandl currently offers 4 million financial and economic time series for free.  This includes FX rates, futures, commodities, interest rates, stock prices, indexes as well as business and economic indicators.  A large fraction of the data an analyst needs to build models like the ones Gray and Carlisle discuss can be easily downloaded from Quandl.

Quandl has thousands of users already, but is still in its nascence.  TKA readers should check it out if they have a few minutes.

About the Author

Wesley R. Gray, Ph.D.Better known as "The Turnkey Analyst, Ph.D.", Executive Managing Member, Empiritrage, LLC, Assistant Professor of Finance, Drexel University’s LeBow College of Business, United States Marine Corps, Captain, Ground Intelligence Officer, Published author; featured speaker, author, and lecturer at numerous venues (top-tier universities, museums, radio, and television), Ph.D./M.B.A. Finance, University of Chicago Booth School of Business, B.S. The Wharton School, University of Pennsylvania, magna cum laude Wes' homepage is at http://welcometotheadventure.com/View all posts by Wesley R. Gray, Ph.D. →

Disclaimer: TurnkeyAnalyst.com is not an investment adviser, brokerage firm, or investment company. The use of any information on this site does not guarantee performance. Past results are not necessarily indicative of future performance. Empiritrage and TurnkeyAnalyst.com are both owned in part by Wesley R. Gray, Ph.D.