Quandl
Quandl, now Nasdaq Data Link, is a Nasdaq subsidiary operating a curated data marketplace that delivers financial, economic, and alternative datasets to institutional investors, fintech platforms, and individual users via API and monthly subscription access.
- Company typePrivate
- Founded2013
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Quandl does
Quandl (operating as Nasdaq Data Link) is a curated data marketplace platform that aggregates financial, economic, and alternative datasets from multiple publishers and distributes them to institutional investors on a subscription basis. Founded in 2013 in Toronto, Canada, the company was acquired by Nasdaq, Inc. in 2018 and now operates as a wholly-owned subsidiary with 11-50 employees. The platform's central differentiator is its curation discipline: fewer than 1 in 100 datasets analyzed become listed products, positioning the catalog as an institutional-grade alpha source spanning social media, satellite imagery, transaction records, and traditional market data.
The product suite includes Nasdaq Basic (real-time best bid/offer and trade data from the Nasdaq execution system and FINRA/TRF), Equities 360 (income statement, balance sheet, cash flow, pricing, and corporate actions), Nasdaq Fund Network Data Service (fund-level valuation for 130,000+ instruments), Earnings Quality Ranking (weekly scoring of US equities on accounting metrics), Marex Daily Speculative Positioning (daily commodity futures positioning), and a dedicated Alternative Data category. Distribution is API-first with Python, R, and Excel SDKs, complemented by a freemium onboarding flow (free sample data, premium monthly subscriptions). The platform added a Model Context Protocol (MCP) server in late 2025 to support AI-driven financial workflows, and serves customers globally across the USA, China, India, and Japan. Customer segments are tiered across institutional investors (hedge funds, asset managers, investment banks), fintech/media platforms, and individual users.
Quandl firmographics
Firmographics- Name
- Quandl
- Legal name
- Nasdaq, Inc.
- Website
- https://quandl.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Quandl, now Nasdaq Data Link, is a Nasdaq subsidiary operating a curated data marketplace that delivers financial, economic, and alternative datasets to institutional investors, fintech platforms, and individual users via API and monthly subscription access.
- Ownership category
- akta.pro rank
Quandl industry classification
Industry- Product category
- Financial Data and Alternative Data Marketplace
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Web Search Portals, Libraries, Archives, and Other Information Services (519)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Data Distribution, Connectivity & Market Data Platforms (Entitlements, Normalization, APIs) (FSAFAIAJ)
- akta.pro secondary industries
- Data Sharing, Data Exchange & Data Marketplace Platforms (HDAEABAH), Reference Data & Static Data Operations (SSI/Instrument/Client Data) (FSACALAJ), Dataset Discovery, Marketplaces & Licensing (HDAAALAE)
Keywords
Where Quandl is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Markets served
Quandl business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Data Subscription/ Licensing: Quandl operates as a data marketplace/platform providing access to alternative data and financial datasets to institutional clients including hedge funds, asset managers, and investment banks on a subscription or usage basis
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free tier with sample data access |
| Subscription | Monthly | Premium data products |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Quandl product offering
Product offeringCore offering
Nasdaq Data Link (formerly Quandl) operates a curated data marketplace that delivers financial, economic, and alternative datasets to institutional investors through a public API and web platform. Premium data products include Nasdaq Basic (best bid/offer and trade data), Equities 360 (fundamental financial data), Nasdaq Fund Network Data Service, Earnings Quality Ranking, Marex Daily Speculative Positioning, and a broad Alternative Data offering covering social media, satellite imagery, and transaction records.
Product overview
Nasdaq Data Link (formerly Quandl) operates as a unified data platform offering financial, economic, and alternative datasets. The platform architecture includes core data products such as Nasdaq Basic (best bid/offer and trade data), Equities 360 (fundamental financial data), Nasdaq Fund Network Data Service (fund valuation for 130,000+ instruments), Earnings Quality Ranking (weekly earnings quality scores for US equities), and Marex Daily Speculative Positioning (commodity futures positioning data). The Alternative Data offering provides access to unstructured data sources like social media, satellite imagery, and transaction records for investment alpha generation. All products are accessible via API with Python, R, and Excel integrations.
Differentiator
Problem solved
Functional benefit
Products and services
- Nasdaq Data Link (formerly Quandl) A premier unified data platform providing financial, economic, and alternative datasets to analysts at hedge funds, asset managers, and investment banks, with uncompromising curation and API access.
- Nasdaq Basic Provides best bid and offer quotations from the Nasdaq execution system as well as trade data from the Nasdaq execution system and FINRA/Nasdaq Trade Reporting Facility (TRF).
- Equities 360 Provides fundamental data including income statement, balance sheet, cash flow statements, company reference data, pricing data, corporate actions, and analytics.
- Nasdaq Fund Network Data Service Provides historical and daily access to fund-level valuation, dividend, capital distribution reports and daily list for 130,000+ investment instruments from the Nasdaq Fund Network.
- Earnings Quality Ranking Provides a weekly ranking of relative earnings quality for a large universe of publicly traded US equities, ranking companies against industry peers on accounting metrics from 1 (low earnings quality) to 5 or 99 (high earnings quality).
- Marex Daily Speculative Positioning Estimates the aggregate net position of speculative trades in the commodities futures market on a daily basis, providing a faster and timelier signal than the Commitments of Traders (CoT) report.
- Alternative Data Alternative data offering positioned as the deepest, least utilized alpha source, providing actionable, profit-generating insights including social media, satellite imagery, and transaction records to power investment strategies for hedge funds, asset managers, and corporates.
- Nasdaq Data Link API Public API enabling developers to access financial, economic, and alternative datasets programmatically, with Python, R, and Excel SDKs for building market-beating strategies.
Companies that use Quandl
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Quandl technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature2 records
Quandl partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Data PublisherscoreQuandl aggregates datasets from multiple publishers including alternative data providers, financial data vendors, and market data sources. The platform curates and distributes these datasets to institutional clients.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Quandl competitors and assessment
Company assessmentDirect peers
- Eagle Alpha: Eagle Alpha is an alternative data marketplace and advisory focused on connecting institutional investors with alternative data providers. It is explicitly named alongside Quandl as a key player in the alternative data market and competes head-to-head as a curated data marketplace.
- Predata: Predata provides alternative data signals derived from online and social media activity for institutional investors and is named alongside Quandl as a key alternative data vendor. Direct overlap on the social/sentiment alternative data category.
- Marex (data products): Marex supplies the Daily Speculative Positioning product distributed via Nasdaq Data Link and also distributes other proprietary financial data products to institutional clients. Comparable as an alternative and commodity data publisher on the Quandl marketplace.
- Thinknum Alternative Data: Thinknum Alternative Data provides web-scraped and alternative datasets (job postings, company reviews, pricing) to hedge funds and asset managers, named alongside Quandl as a key alternative data competitor. Comparable curation-led marketplace model.
Others
- Dataiku: Dataiku is an enterprise AI and data science platform used by financial institutions to consume and analyze datasets, including alternative data feeds. It is an enabling/adjacent technology in the same institutional data workflow rather than a direct data marketplace competitor.
Broad incumbents
- FactSet: FactSet supplies portfolio analytics, fundamentals, and alternative data feeds to the same hedge fund and asset manager audience as Nasdaq Data Link. It is a direct overlap on core US equity fundamentals (Earnings Quality Ranking, fund data) and on alternative dataset distribution.
- Refinitiv (LSEG): Refinitiv, now part of London Stock Exchange Group, provides financial market data, reference data, and an expanding alternative data offering to asset managers, banks, and corporates. Directly comparable on core financial data distribution and increasingly on alternative data.
- Bloomberg: Bloomberg Terminal and Bloomberg Data Services deliver core and alternative financial data to the same institutional buy-side and sell-side client base as Nasdaq Data Link, often bundling feeds into a single enterprise platform. It is the dominant incumbent in market data distribution.
- S&P Global Market Intelligence: S&P Global Market Intelligence provides fundamentals, reference data, and alternative datasets to the same institutional investor cohort as Nasdaq Data Link, bundled into enterprise data products. Comparable on core reference and fundamental data.
Emerging players
- AlphaSense: AlphaSense is a market intelligence and alternative data platform serving buy-side and corporate strategy teams with AI-driven search across filings, transcripts, and proprietary research. Overlaps with Quandl's institutional client base and is increasingly competitive in the AI-driven research workflow.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Quandl social profiles
Digital presenceQuandl financial estimates
Financial estimateRevenue estimate
Valuation estimate
Quandl leadership team
Management profileNumber of profiles
Profiles9 records
Quandl funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Quandl M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Quandl
What does Quandl do?
Nasdaq Data Link (formerly Quandl) operates a curated data marketplace that delivers financial, economic, and alternative datasets to institutional investors through a public API and web platform. Premium data products include Nasdaq Basic (best bid/offer and trade data), Equities 360 (fundamental financial data), Nasdaq Fund Network Data Service, Earnings Quality Ranking, Marex Daily Speculative Positioning, and a broad Alternative Data offering covering social media, satellite imagery, and transaction records.
Is Quandl a public or private company?
Quandl is a private company. It is classified as corporate owned and is currently operating.
When was Quandl founded?
Quandl was founded in 2013. It employs 11 to 50 people.
Where is Quandl based?
Quandl is headquartered in Toronto, Canada, in the North America region.
How does Quandl make money?
One revenue line is on record: data Subscription/ Licensing.
Who are Quandl's main competitors?
Direct peers on record are Eagle Alpha, Predata, Marex (data products) and Thinknum Alternative Data. Dataiku is listed as an others. Broad incumbents are FactSet, Refinitiv (LSEG), Bloomberg and S&P Global Market Intelligence. AlphaSense is listed as an emerging player.
Does Quandl have an API?
Yes. Nasdaq Data Link provides a public API enabling developers to access financial, economic, and alternative datasets. Supports Python, R, and Excel integrations for building market-beating strategies. Developer documentation is at docs.data.nasdaq.com.
What industry is Quandl in?
Quandl's product category is Financial Data and Alternative Data Marketplace. Its primary akta.pro industry code is FSAFAIAJ, Data Distribution, Connectivity & Market Data Platforms (Entitlements, Normalization, APIs), with a secondary code of HDAEABAH, Data Sharing, Data Exchange & Data Marketplace Platforms. Its NAICS code is 518 and its SIC code is 7370.