Currently I am in the process of establishment so I want to minimize my costs. I do not have exact idea about the rules so I request the person who knows about it. I am not in position to pay heavy costs for Commodity Futures Market Data. I want to feed it into my database manually and then develop a technical analysis software that will take End of Day Data from my database. I want to make available that application/technical analysis software to general public free of cost.
Anybody knows that can I establish my own database like this and then make it available to general public for use for free?
That Java application will be emeded into my web site and SQL Sever will act as the backend tool to keep the full data.|||I'm afraid there is no way you could keep up with the volume of data coming in during the trading day if you tried to type prices in manually. There are just too many coming in. As you know, the Exchanges charge heavily for access to 'live' trading data. They back that data up with licences, if they find you are putting the data through analysis software they will come after you with lawyers. They don't care whether you're charging or not.
End of Day data is easier to get hold of, most Exchanges will allow you to download it direct from their websites for free. In theory you could develop your own technical analysis software, but the Exchanges are likely to tie you into a legal agreement. Also, you will be up against dozens of large companies who provide the same service on a much bigger scale. If you manage to develop software that does something new (and patent your development!) you might be able to take them on.
They charge for their product, but are likely to offer SLA level reliability and support guarantees that you will not be able to match as a sole trader.|||Go to www.ino.com
It is free, has all of the data you want and you can probably get some ideas from them by looking over their website.
You could also go to each of the exchanges (ie. CME,CBOT, NYBOT, NYFE, etc.) and get their end of day data and incorporate it into your website.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment