Databases
Finance & Ops Analytics

How to load data from Polygon Stock API to MongoDB

Learn how to use Airbyte to synchronize your Polygon Stock API data into MongoDB within minutes.

TL;DR

This can be done by building a data pipeline manually, usually a Python script (you can leverage a tool as Apache Airflow for this). This process can take more than a full week of development. Or it can be done in minutes on Airbyte in three easy steps:

  1. set up Polygon Stock API as a source connector (using Auth, or usually an API key)
  2. set up MongoDB as a destination connector
  3. define which data you want to transfer and how frequently

You can choose to self-host the pipeline using Airbyte Open Source or have it managed for you with Airbyte Cloud.

This tutorial’s purpose is to show you how.

What is Polygon Stock API

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.

What is MongoDB

MongoDB is a database that powers crucial applications and systems for global businesses. Designed for developers and specializing in the areas of open source, software development, and databases, it offers functionality such as horizontal scaling, automatic failover, and the capability to assign data to a location.

Integrate Polygon Stock API with MongoDB in minutes

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Prerequisites

  1. A Polygon Stock API account to transfer your customer data automatically from.
  2. A MongoDB account.
  3. An active Airbyte Cloud account, or you can also choose to use Airbyte Open Source locally. You can follow the instructions to set up Airbyte on your system using docker-compose.

Airbyte is an open-source data integration platform that consolidates and streamlines the process of extracting and loading data from multiple data sources to data warehouses. It offers pre-built connectors, including Polygon Stock API and MongoDB, for seamless data migration.

When using Airbyte to move data from Polygon Stock API to MongoDB, it extracts data from Polygon Stock API using the source connector, converts it into a format MongoDB can ingest using the provided schema, and then loads it into MongoDB via the destination connector. This allows businesses to leverage their Polygon Stock API data for advanced analytics and insights within MongoDB, simplifying the ETL process and saving significant time and resources.

Step 1: Set up Polygon Stock API as a source connector

1. First, navigate to the Airbyte website and create an account.
2. Once you have logged in, click on the ""Sources"" tab on the left-hand side of the screen.
3. Scroll down until you find the ""Polygon Stock API"" source connector and click on it.
4. You will be prompted to enter your API key for the Polygon Stock API. Enter this information and click ""Next"".
5. Next, you will need to select the data you want to sync from the Polygon Stock API. You can choose from a variety of options, including stock prices, historical data, and more.
6. Once you have selected the data you want to sync, click ""Next"" to review your settings.
7. If everything looks correct, click ""Create Connection"" to connect your Polygon Stock API source connector to Airbyte.
8. You can now use Airbyte to manage and analyze your Polygon Stock API data, including creating custom reports and visualizations.

Step 2: Set up MongoDB as a destination connector

Step 3: Set up a connection to sync your Polygon Stock API data to MongoDB

Once you've successfully connected Polygon Stock API as a data source and MongoDB as a destination in Airbyte, you can set up a data pipeline between them with the following steps:

  1. Create a new connection: On the Airbyte dashboard, navigate to the 'Connections' tab and click the '+ New Connection' button.
  2. Choose your source: Select Polygon Stock API from the dropdown list of your configured sources.
  3. Select your destination: Choose MongoDB from the dropdown list of your configured destinations.
  4. Configure your sync: Define the frequency of your data syncs based on your business needs. Airbyte allows both manual and automatic scheduling for your data refreshes.
  5. Select the data to sync: Choose the specific Polygon Stock API objects you want to import data from towards MongoDB. You can sync all data or select specific tables and fields.
  6. Select the sync mode for your streams: Choose between full refreshes or incremental syncs (with deduplication if you want), and this for all streams or at the stream level. Incremental is only available for streams that have a primary cursor.
  7. Test your connection: Click the 'Test Connection' button to make sure that your setup works. If the connection test is successful, save your configuration.
  8. Start the sync: If the test passes, click 'Set Up Connection'. Airbyte will start moving data from Polygon Stock API to MongoDB according to your settings.

Remember, Airbyte keeps your data in sync at the frequency you determine, ensuring your MongoDB data warehouse is always up-to-date with your Polygon Stock API data.

Use Cases to transfer your Polygon Stock API data to MongoDB

Integrating data from Polygon Stock API to MongoDB provides several benefits. Here are a few use cases:

  1. Advanced Analytics: MongoDB’s powerful data processing capabilities enable you to perform complex queries and data analysis on your Polygon Stock API data, extracting insights that wouldn't be possible within Polygon Stock API alone.
  2. Data Consolidation: If you're using multiple other sources along with Polygon Stock API, syncing to MongoDB allows you to centralize your data for a holistic view of your operations, and to set up a change data capture process so you never have any discrepancies in your data again.
  3. Historical Data Analysis: Polygon Stock API has limits on historical data. Syncing data to MongoDB allows for long-term data retention and analysis of historical trends over time.
  4. Data Security and Compliance: MongoDB provides robust data security features. Syncing Polygon Stock API data to MongoDB ensures your data is secured and allows for advanced data governance and compliance management.
  5. Scalability: MongoDB can handle large volumes of data without affecting performance, providing an ideal solution for growing businesses with expanding Polygon Stock API data.
  6. Data Science and Machine Learning: By having Polygon Stock API data in MongoDB, you can apply machine learning models to your data for predictive analytics, customer segmentation, and more.
  7. Reporting and Visualization: While Polygon Stock API provides reporting tools, data visualization tools like Tableau, PowerBI, Looker (Google Data Studio) can connect to MongoDB, providing more advanced business intelligence options. If you have a Polygon Stock API table that needs to be converted to a MongoDB table, Airbyte can do that automatically.

Wrapping Up

To summarize, this tutorial has shown you how to:

  1. Configure a Polygon Stock API account as an Airbyte data source connector.
  2. Configure MongoDB as a data destination connector.
  3. Create an Airbyte data pipeline that will automatically be moving data directly from Polygon Stock API to MongoDB after you set a schedule

With Airbyte, creating data pipelines take minutes, and the data integration possibilities are endless. Airbyte supports the largest catalog of API tools, databases, and files, among other sources. Airbyte's connectors are open-source, so you can add any custom objects to the connector, or even build a new connector from scratch without any local dev environment or any data engineer within 10 minutes with the no-code connector builder.

We look forward to seeing you make use of it! We invite you to join the conversation on our community Slack Channel, or sign up for our newsletter. You should also check out other Airbyte tutorials, and Airbyte’s content hub!

What should you do next?

Hope you enjoyed the reading. Here are the 3 ways we can help you in your data journey:

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Easily address your data movement needs with Airbyte Cloud
Take the first step towards extensible data movement infrastructure that will give a ton of time back to your data team. 
Get started with Airbyte for free
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Talk to a data infrastructure expert
Get a free consultation with an Airbyte expert to significantly improve your data movement infrastructure. 
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Subscribe to our monthly newsletter and get the community’s new enlightening content along with Airbyte’s progress in their mission to solve data integration once and for all.
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Tags

What should you do next?

Hope you enjoyed the reading. Here are the 3 ways we can help you in your data journey:

flag icon
Easily address your data movement needs with Airbyte Cloud
Take the first step towards extensible data movement infrastructure that will give a ton of time back to your data team. 
Get started with Airbyte for free
high five icon
Talk to a data infrastructure expert
Get a free consultation with an Airbyte expert to significantly improve your data movement infrastructure. 
Talk to sales
stars sparkling
Improve your data infrastructure knowledge
Subscribe to our monthly newsletter and get the community’s new enlightening content along with Airbyte’s progress in their mission to solve data integration once and for all.
Subscribe to newsletter

Tags

Frequently Asked Questions

What data can you extract from Polygon Stock API?

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 data can you transfer to MongoDB?

You can transfer a wide variety of data to MongoDB. This usually includes structured, semi-structured, and unstructured data like transaction records, log files, JSON data, CSV files, and more, allowing robust, scalable data integration and analysis.

What are top ETL tools to transfer data from Polygon Stock API to MongoDB?

The most prominent ETL tools to transfer data from Polygon Stock API to MongoDB include:

  • Airbyte
  • Fivetran
  • Stitch
  • Matillion
  • Talend Data Integration

These tools help in extracting data from Polygon Stock API and various sources (APIs, databases, and more), transforming it efficiently, and loading it into MongoDB and other databases, data warehouses and data lakes, enhancing data management capabilities.