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First, create a Google Cloud Platform (GCP) project if you haven’t already. Go to the GCP Console, click on the project dropdown, and select "New Project." Follow the prompts to set up your project.
Navigate to the "APIs & Services" section in the GCP Console and enable the BigQuery API. This will allow you to interact with BigQuery programmatically.
Sign up for a Polygon account if you haven’t done so. Once registered, navigate to the API keys section on the Polygon dashboard and generate an API key. This key is necessary for authenticating your requests to the Polygon Stock API.
Create a Python script or use another programming language of your choice to fetch data from the Polygon Stock API. Use the `requests` library in Python to make HTTP requests. Here is a basic outline of how your script might look:
```python
import requests
API_KEY = 'your_polygon_api_key'
url = f"https://api.polygon.io/v1/stock/ticker?apiKey={API_KEY}"
response = requests.get(url)
data = response.json()
```
Ensure you replace `your_polygon_api_key` with your actual API key.
Process the data received from the Polygon API into a format suitable for BigQuery, typically JSON or CSV. Ensure that the data structure aligns with the schema of your BigQuery table. For example, convert timestamps into a standard format and ensure all fields have consistent data types.
In the GCP Console, create a Google Cloud Storage bucket. This bucket will temporarily store your data before loading it into BigQuery. Go to the “Cloud Storage”� section, click “Create bucket,”� and follow the prompts to configure your storage bucket.
Use the BigQuery client library to load data from GCS into BigQuery. Here’s an example using Python:
```python
from google.cloud import bigquery
from google.cloud import storage
# Initialize clients
bigquery_client = bigquery.Client()
storage_client = storage.Client()
# Upload data to GCS
bucket_name = 'your_bucket_name'
bucket = storage_client.bucket(bucket_name)
blob = bucket.blob('data.json')
blob.upload_from_filename('path_to_your_local_file')
# Load data from GCS to BigQuery
table_id = 'your_project.your_dataset.your_table'
job_config = bigquery.LoadJobConfig(
source_format=bigquery.SourceFormat.NEWLINE_DELIMITED_JSON,
autodetect=True,
)
uri = f'gs://{bucket_name}/data.json'
load_job = bigquery_client.load_table_from_uri(
uri, table_id, job_config=job_config
)
load_job.result() # Waits for the job to complete.
```
Replace `'your_bucket_name'`, `'path_to_your_local_file'`, and `'your_project.your_dataset.your_table'` with your actual storage bucket name, local file path, and BigQuery table ID, respectively.
By following these steps, you can seamlessly move data from the Polygon Stock API to BigQuery using Google Cloud's native tools and services.
FAQs
What is ETL?
ETL, an acronym for Extract, Transform, Load, is a vital data integration process. It involves extracting data from diverse sources, transforming it into a usable format, and loading it into a database, data warehouse or data lake. This process enables meaningful data analysis, enhancing business intelligence.
Polygon Stock API is a financial data provider that offers real-time and historical stock market data for developers and investors. The API provides access to a wide range of financial data, including stock prices, volume, market capitalization, and more. It also offers advanced features such as technical indicators, news feeds, and sentiment analysis. The API is designed to be easy to use and integrate into existing applications, making it a valuable tool for financial professionals and developers looking to build financial applications. With Polygon Stock API, users can access accurate and reliable financial data to make informed investment decisions.
Polygon Stock API provides access to a wide range of financial data related to the stock market. The API offers real-time and historical data for various financial instruments, including stocks, options, and cryptocurrencies. Here are the categories of data that the Polygon Stock API provides:
1. Stock Data: The API provides real-time and historical data for stocks listed on various exchanges, including NYSE, NASDAQ, and BATS.
2. Options Data: The API offers real-time and historical data for options contracts, including strike price, expiration date, and implied volatility.
3. Cryptocurrency Data: The API provides real-time and historical data for various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
4. News Data: The API offers access to news articles related to the stock market, including company news, market trends, and economic indicators.
5. Financial Data: The API provides access to various financial data, including earnings reports, financial statements, and analyst ratings.
6. Market Data: The API offers real-time and historical market data, including market indices, volume, and price movements.
7. Fundamental Data: The API provides access to fundamental data, including company profiles, financial ratios, and dividend information.
What is ELT?
ELT, standing for Extract, Load, Transform, is a modern take on the traditional ETL data integration process. In ELT, data is first extracted from various sources, loaded directly into a data warehouse, and then transformed. This approach enhances data processing speed, analytical flexibility and autonomy.
Difference between ETL and ELT?
ETL and ELT are critical data integration strategies with key differences. ETL (Extract, Transform, Load) transforms data before loading, ideal for structured data. In contrast, ELT (Extract, Load, Transform) loads data before transformation, perfect for processing large, diverse data sets in modern data warehouses. ELT is becoming the new standard as it offers a lot more flexibility and autonomy to data analysts.
What should you do next?
Hope you enjoyed the reading. Here are the 3 ways we can help you in your data journey: