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NSE Data API usage report

It’s been two weeks since we launched our Nigerian Stock Exchange data API. We decided to do some analytics on the API usage yesterday and to our amazement, we’ve received a total of 665 hits on our API since launch on July 13th, 2011. Certainly some of this requests don’t translate into valid requests. Here’s a breakdown:

Response Type Response Code Hits
OK (Successful API requests) 200 410
OK (All successful requests) 200 439
Forbidden (Unauthenticated Requests) 403 9
Not Found 404 182

Breakdown of HTTP Request Types

The large number of Not Found requests were generated by trojans making requests like /PhpMyAdmin and other such requests (they were probably looking for security loopholes).

Of the 23 API tokens that have been provisioned, we have a 65% usage on those keys. Here’s a distribution of the requests we’ve received from those keys:

Requests Users %
1 4 26%
2 4 26%
3 1 7%
4 2 13%
5 2 13%
8 1 7%
369 1 7%

Requests Vs API Users

In order to make the points in the chart fit within a reasonable chart size, the topmost dot was reduced.

Private beta announcement of NSE data service

For well over a year now, we’ve been testing an API we developed at TimbaObjects for providing data on trades at the Nigerian Stock Exchange. A number of our clients already use this data in production for some of their applications and we’re repurposing this API for public use.

This data service is the first of a number of such data services that we intend to provide to developers who will in turn use this to create valuable applications. With this NSE data API, you get access to data on all stocks that were traded on the Nigerian Stock Exchange on a daily basis.

We’re yet to launch this on a private beta basis and we’re seeking feedback in the form of a survey on what kind of services or applications will be built using this API. This will give us a sense of the data requirements and help us provide more value to developers who are likely to use this service.

To gain access to this API on launch, please fill our survey and don’t forget to leave your contact information and we’ll sign you up when we launch.

[Survey link]

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