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Interestingly enough, as someone with both Bloomberg terminal and FactSet subscriptions, I still don't have real-time market data for most asset classes and sec
by z2 6y ago
Interestingly enough, as someone with both Bloomberg terminal and FactSet subscriptions, I still don't have real-time market data for most asset classes and securities. Those are actually add-on costs that I don't need for my research (I'm not a trader). The value for me (again not a trader) comes from having 25 years of robust fundamental and market data along with powerful portfolio analysis tools and models.
- throwawaysea 6y agoI guess I’m not very familiar with these offerings. I was really asking “how do I acquire a real time feed to plug into this open source software”. But it sounds like it’s not valuable to have that in practice?
- ska 6y agoNo, it may or may not be particularly valuable depending on your use cases. Low latency data is mostly going to be a quality/cost/volume trade-off.
- z2 6y agoI guess it depends on what you want to use the data for. There are plenty reasonably priced APIs for streaming the latest closing price once a second for, say, up to 5 stocks at a time. That's much more manageable than, say, streaming all 100,000 global stock and their transactions, bids, asks, closing prices, outstanding orders across multiple stock exchanges per stock, and 3-dimensional options data (strike price, expiration date, type). This may approach (but still be a few orders of magnitude less than) particle collider levels of data.