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Bloomberg does this with data sales. They'll sell you particular financial information, like tick-by-tick for the Russell 2000 over the last 5 years. They embed
by bkruse 11y ago
Bloomberg does this with data sales. They'll sell you particular financial information, like tick-by-tick for the Russell 2000 over the last 5 years. They embed unique hidden markers or fake trades with everyone they sell them to. They then go and acquire data from other "providers", and find the leak.
- brokentone 11y agoWould fake trades not be distorting the data you are purchasing from them?
- bkruse 11y agoFrom what I understand, they used to change volume slightly which they claim wouldn't negatively impact algorithms looking at historical data. Then, however, people were using volume weighted average pricing (VWAP), which would eliminate that change. This is just theory now, but I believe they just add double trades, instead of fake trades are certain prices.
- alasdair_ 11y agoCan't people just make two independent purchases of the data and diff them to find the issues?