1
$\begingroup$

First time posting at Quantitative Finance, hope the question is well suited in this stack section. I was wondering, where does big companies like Bloomberg or Reuters get their data? Since now, in my application I scrape data directly from Reuters (for fundamental analysis). I'd like to bypass this problem and get data from source, if possible.

Thanks for your time.

Improve this question
$\endgroup$
1

2 Answers 2

Reset to default
2
$\begingroup$

Assuming we're talking about US, the companies report their quarterly numbers via 10-K/Q forms available on EDGAR, e.g.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000034088/000003408821000051/xom-20210630.htm

For the sell side estimates/consensus numbers they typically get them directly from the analysts.

In both cases, you pay Bloomberg/Refinitiv/Factset for then convenience of having them collect, process and normalize the data for you.

Improve this answer
$\endgroup$
4
  • $\begingroup$ Ok, perfect. US data comes from SEC, but europeans? $\endgroup$
    – Matteo
    Oct 6, 2021 at 14:50
  • $\begingroup$ Sorry, I'm don't know much about EU reporting regulations. Perhaps, others can comment on that $\endgroup$
    – LazyCat
    Oct 6, 2021 at 14:52
  • $\begingroup$ Does Refinitiv get their data from filings? $\endgroup$
    – David Yang
    Oct 6, 2021 at 16:20
  • $\begingroup$ @DavidYang I don't know it for a fact, but I'm pretty certain they get the actuals from filings. $\endgroup$
    – LazyCat
    Oct 6, 2021 at 16:26
1
$\begingroup$

Also, there are several stock market API's from which some websites and companies browse their data. For example, IEX API or financialmodellingprep API.

Improve this answer
$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.