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Hello Leslie.George,
I for one wasn't thinking ticker plant. Repository yes. could be
purchased from the exchange or contributed by members. in the latter
case quality of data would be an issue for some people.
another thought I had--could we link up with Tick Data Corp or CIS
Data (not to be confused with CIS) both of whom have large amounts of
tick level data on many markets (including large cap stocks). Tick
Data doesn't offer data until the following month; CIS offers daily
files within 1-2 days. Could they they be incented to develop an omz
or converter and sell the result?
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Saturday, September 28, 2002, 10:35:10 PM, you wrote:
LG> Are we talking about a LIVE ticker plant or a repository of data?
LG> Data (tick and EOD) can be purchased from exchanges or third partys and
LG> if cleared, legally resold.
LG> All this for a fraction of $500K/year.
LG> LG
LG> ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
LG> "cwest" <cwest@xxxxxxxxxxxx> wrote:
LG> I forget the persons name, but he developed a third party server for
LG> collecting data. I believe neotick uses it. I recall reading emails from
LG> him
LG> that one ought to budget for $10K a month for collecting data. Services,
LG> fees, etc. In other words $10k a month for a "ticker-plant" if you will.
LG> When I looked into it, his estimate wasn't far from reality. Then
LG> there's
LG> another issue about distributing data as one has to agree not to, even
LG> get
LG> it, irrespective of whether it's considered public info or not.
LG> Now to the economics of a ticker-plant. I'd guess one ought budget for
LG> at
LG> least $250k a year. It's got to be a real service/business for the
LG> investment necessary and to meet everyone's expectations. I'm probably
LG> underestimating. It's been my experience that ALL projects take longer
LG> and
LG> cost more than anticipated. Lets say that this service needs revenue of
LG> about $500K a year. How many users would be required to pay how much?
LG> Oh,
LG> and the legal issue is still there!
LG> Colin West
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