@phani_genin
Firstly, thank you.
As follows:
1. If the segment under consideration was cryptocurrency, I would have said an Emphatic YES to point#1 and point#2 because cryptocurrency is all about democratization of data. The same cannot be said about the traditional markets such as NSE. Traditional equity markets are monopolistic in nature and the exchange owns the data and regulates its distribution under a license with stringent conditions that all parties should comply with. So while we do not see any technical challenges in meeting point#1 and point#2, there are compliance issues which could subject our product and platform to significant risk if we were to go down that route under current Free Plan setup. There are two ways to achieve it in my opinion (I am not a legal expert)
A. Create a data plan API where you can pay for the data and access it through the APIs. We have to pay the exchange/data vendor per user for the feed.
B. Build all the functionalities within GoCharting so that you can run all your algos on our platform. Can you give us a sense of what scripts etc. you run - a few use cases will help us understand the features that we need to build in our platform for our future releases
C. Yes, we want to build integration with almost all brokers but we have not yet solved how to do the same for brokers that do not provide a trading API. Any sugestions or guidance would be most helpful.
D. The subscription plan will be freemium in nature. We need to pay the exchanges for the realtime feed and so the users have to subscribe to realtime feeds through the plans. As far as the advanced tools like Orderflow is concerned, we have not yet decided the package but we definitely want to disrupt this market. All traditional tools charge the users eye popping prices which make it very difficult for retail users to use them. All this will change with GoCharting. Every orderflow advanced tool including Footprint etc. will be available in GC at a very very very affordable price. It is in our interest to price it well below market to disrupt this monopolistic industry
Hope this helps
Firstly, thank you.
As follows:
1. If the segment under consideration was cryptocurrency, I would have said an Emphatic YES to point#1 and point#2 because cryptocurrency is all about democratization of data. The same cannot be said about the traditional markets such as NSE. Traditional equity markets are monopolistic in nature and the exchange owns the data and regulates its distribution under a license with stringent conditions that all parties should comply with. So while we do not see any technical challenges in meeting point#1 and point#2, there are compliance issues which could subject our product and platform to significant risk if we were to go down that route under current Free Plan setup. There are two ways to achieve it in my opinion (I am not a legal expert)
A. Create a data plan API where you can pay for the data and access it through the APIs. We have to pay the exchange/data vendor per user for the feed.
B. Build all the functionalities within GoCharting so that you can run all your algos on our platform. Can you give us a sense of what scripts etc. you run - a few use cases will help us understand the features that we need to build in our platform for our future releases
C. Yes, we want to build integration with almost all brokers but we have not yet solved how to do the same for brokers that do not provide a trading API. Any sugestions or guidance would be most helpful.
D. The subscription plan will be freemium in nature. We need to pay the exchanges for the realtime feed and so the users have to subscribe to realtime feeds through the plans. As far as the advanced tools like Orderflow is concerned, we have not yet decided the package but we definitely want to disrupt this market. All traditional tools charge the users eye popping prices which make it very difficult for retail users to use them. All this will change with GoCharting. Every orderflow advanced tool including Footprint etc. will be available in GC at a very very very affordable price. It is in our interest to price it well below market to disrupt this monopolistic industry
Hope this helps
