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Hi- I'm thinking about venturing into opening a website that offers tick data. Just curious to know how big the market is out there for this type of business. How many people here buy/update their tick data frequently?
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IVolrev
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| Total Posts: 76 |
| Joined: Oct 2007 |
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| Why, did you find a cheap way to steal such data? Otherwise I find it extremely hard to imagine how you plan to make money out of such venture. I have not heard of a single pure data vendor which offers nothing but some time series. They simply do not exist and if they do then expect such outlet to go out of business within the next 3-6 months. Think about it like this: Why would the originator of such pricing data give it away at any significant discount to someone like you who does nothing else but advertise such data on your newly built website that has zero traffic so far. You asked the same question on different message boards and got the same answer by me and others, why do you expect to hear something else wherever you go? |
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1. No I did not find cheap way to steal such data. And if I did find a cheap way to steal data, I would not be going forum to forum doing research on what kind of market is out there. Since the profit margin in such business would be huge.
2. I made two different threads asking two different questions on elitetrader.com in their data section. And you must've replied on one of them. Because the other thread where I asked the same question I am asking on this forum, "who needs data?"; None has replied on that thread on elitetrader.com.
3. Most people do find it hard to "imagine" how to make money. I don't find it hard to imagine how to make money. Let me keep imagining and maybe I will get somewhere one day.
4. Mostly everyone who replied back to the first thread I made on elitetrader.com said informative things. So if you were one of those people; thanks. But don't go ranting just because I came on this forum asking a question. It's called market research. Nuclear phynance and elitetrader both have different users. |
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| Don't the exchanges own the data? DTN delivers quite a lot of data for 50$/month. A database independent of a stream is pretty useless, no? I dunno, but it seems to me, to be extremely capital intensive. Sorry, but it looks like this is way harder than you think. There is probably a reason that only a few players are in this market. For example there are to my knowledge only two companies who cover every asset class: bloomberg and thomson reuters. I would think building this kind of business would cost 10-50 million$? |
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schmitty
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| Total Posts: 46 |
| Joined: Jun 2006 |
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> I'm thinking about venturing into opening a website that offers tick data
Gor for it.
Redistribution licenses are cheaper than many posters here seem to think. For example, BATS, OPRA, and many non-US exchanges allow you to redistribute historical tick data for neglibible fees. |
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| There are other sites like tickdata.com or data-price.com |
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s.gerat
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| Total Posts: 5 |
| Joined: Jun 2012 |
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| i'm sorry but i think you probably have the wrong http address. isn't it this one: price-data.com |
emc2 |
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