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You're right, I would primarily like to see them more liquid so that there were more data points to extrapolate moves across different asset classes
by cloudjacker 10y ago
You're right, I would primarily like to see them more liquid so that there were more data points to extrapolate moves across different asset classes
- sseveran 10y agoWhat you really want is more transparent data. There are plenty of data points but they are not easily accessible.
- cloudjacker 10y agoand I think the lack of this perpetuates market inefficiencies. I think insights into CDS can be a leading indicator into equities and equity futures, yet CDS are restricted to OTC markets in the US anyway, I'm sure this is its own discussion
- sseveran 10y agoCDS isn't an OTC instruments. Swaps are now traded on SEFs like MarketAxess or TradeWeb. Just because you don't have access to the data don't think that professionals don't. But this isn't OHLC data for listed equities. Expect to pay. Actually high quality realtime equity data (ITCH,PITCH,OpenBook Ultra,etc...) costs real money as well. Checkout CDS and FI market data offerings: https://www.marketaxess.com/data/marketdata.php https://www.marketaxess.com/data/marketdata.php But your idea is correct. CDS Spreads can be predictive of dramatic shocks in an equities price.
- cloudjacker 10y agoThat is awesome Yeah i get the promise: professionals do this, pay a premium for that Until they don't because someone provides the data for free or next to nothing In this town we call it disruption
- infinite8s 10y agoWho's going to provide that data for free when they can charge a LOT of money for access to it. Ever notice why free data on Google or Yahoo are 15 min delayed?
- cloudjacker 10y agoI know what the exchanges charge for data access, and even if you pay it is in an antiquated format. Tradier has been providing equity and option tick data for free for years in a clean RESTful API with the capability of websockets and streaming. So thats the answer to your question of who. Like I said, in this town we call it disruption.
- sseveran 10y agoThats part of their business model. I have not used their data but I can tell you that all tick data is not created equally. We are unlikely to ever see CDS data for free since individuals cannot trade them as most retail investors are not Eligible Contract Participant. Some brokerages give away data to get people to trade with them so there its about customer acquisition.
- Balbir 10y agoI am a developer that has done a few projects on the tradier API. Agreed