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Dennis -
I am no legal expert, but I know for sure that your clients MUST pay the
exchange fees. What the real rip-off is, if they buy real CBOT data from
you and from Bridge, they must pay the real time fee TWICE. There is no
getting around this.
The key then is to try to come in at a lower price than the other guys.
The data seems to run from about $100/mo and on up. I suspect it would
be very hard to make money, as a startup, even with internet delivery,
at those price levels.
Steve Poser
> "Dennis L. Conn" wrote:
>
> Good Morning RTs,
>
> I'm looking into the possibility of setting up a website which would
> provide real-time data/charts at a substantial discount to services
> commonly supplied through satellite, etc. Before I get very far into
> this however, I'd appreciate some feedback on the legal requirements -
> mostly from the point of view of exchanges, data vendors, etc. If, for
> example, I were to pay all the exchange fees for the data, would it be
> a legal requirement to then charge each subscriber the same fee again?
> I imagine it would be, but if anyone has any input on this or any
> other aspect of the concept (particularly in a legal vein), I'd
> appreciate it. Email me privately if you prefer.
> It seems to me that data and exchange fees are excessive, considering
> the number of subscribers to such services. If it's possible to
> increase the availability of information through more reasonable
> prices, and still do it in a dependable way that's profitable, it's
> something worth pursuing. I don't begrudge anyone making a profit, but
> if I could find a data provider that's as dependable and significantly
> less expensive than the usual choices, I'd sign up in a heartbeat -
> and I suspect there are many others who would do the same. I'm sure
> I'm not the first to think of this, and I'm sure there are several
> reasons it doesn't exist - I'd like to find out why. It seems to me
> there are brokerages that supply real-time quotes online at no cost to
> clients (I could be wrong about that), so why is this idea not
> feasible?
>
> Regards,
>
> Dennis C.
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Tel: 201-995-0845
Fax: 201-995-0846
Email: swp@xxxxxxxxxxxxxxx
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