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I'd LOVE to use this, but seems legally dubious. I'd love to see some written approval from Robinhood and Webull. Seems like an obvious solution, there must be
by bradhilton 5y ago
I'd LOVE to use this, but seems legally dubious. I'd love to see some written approval from Robinhood and Webull. Seems like an obvious solution, there must be a reason it hasn't been done before...
- toomuchtodo 5y agoFinancial services firms aren’t gonna sign off on this due to liability and cyber risk (fully permissioned financial identity auth token loss could equal substantial asset theft), and they won’t provide it themselves unless required to by statute or regulatory rulings. It’s possible there’s eventually enough uptake for Realize to convince those they integrate with to provide endpoints with read only scoping. Fidelity in particular seems to be running quick from a tech transformation perspective, making them more open about sanctioned integrations. Europe got this right with PSD2, the US will catch up eventually. https://en.wikipedia.org/wiki/Payment_Services_Directive https://en.wikipedia.org/wiki/Payment_Services_Directive
- seandoh 5y agoThat's how we are thinking about this as well.
- dvasdekis 5y agoInteractive Brokers lets you create a whitelabelled sub-brokerage on their platform, and their APIs are sufficient to build this. Perhaps Realize is using something like that on the back end.