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tyrauber / stock_quote

A ruby gem that retrieves stock quotes from IEX
MIT License
211 stars 55 forks source link

IEX Cloud Has Changed their Pricing Structure #70

Open jhunter-iex opened 1 year ago

jhunter-iex commented 1 year ago

IEX Cloud has moved away from a B2C model and now targets B2B clients. We now price data in bundles (https://iexcloud.io/pricing) which for the most part are out of reach of retail consumers. This is especially so for the stock_quote endpoint used in this code; that now costs $1500/month to access.

If you just need prices, I would suggest refactoring this code to point to the IEX Bid, Ask, and Last Trade Bundle (https://iexcloud.io/documentation/financial-data/data-bundles/market-data/iex-bid-ask-and-last-trade.html) which has prices and quotes that take place on IEX Exchange, and is priced at $20/month. It does not however include extended hours prices, prices and trades from exchanges other than IEX, or other calculated fields included in the more expensive stock_quote endpoint.

Best, Justin Hunter Senior Product Manager - IEX Cloud

tyrauber commented 1 year ago

@jhunter-iex, $1500/month? $20/month for basic quotes? So no free, rate limited access anymore?

jhunter-iex commented 1 year ago

@tyrauber Correct, we no longer offer those plans to new customers.

tyrauber commented 1 year ago

@jhunter-iex, So anyone who signed up for an API key to use this library, and provided you with a credit card, will now be charged $1500/month if they continue to use this library? Is that correct?

jhunter-iex commented 1 year ago

@tyrauber No; legacy plans have had some pricing changes, but we did not force a migration to the new pricing.