The New Gold Rush? Wall Street Wants Your Data

Post by AznHisoka » Sat, Jan 21, 2017, 3:53 PM UTC

ice109 wrote: post #50

AznHisoka wrote: post #22

"You cannot sell data you don’t own. Hedge funds care immensely about the legality of the data." Thats a shame as this makes this business model almost impossible for the average reader here. There are loads of outside data that if crawled and gathered could be useful to hedge funds. things like: - growth in number of Amazon reviews for a type of product month to month(against amazon tos to scrape them) - number of j…

you're wrong. that's public data and you absolutely can sell it. hedge funds are worried about insider trading so if you can make the case that the data you used to trade was available to everyone then it's cleared by compliance. source: I work for a startup that does that and has 1MM rar.

Post by ice109 » Mon, Jan 23, 2017, 1:15 AM UTC

AznHisoka wrote: post #51

ice109 wrote: post #50

Earlier quoted context omitted.

you're wrong. that's public data and you absolutely can sell it. hedge funds are worried about insider trading so if you can make the case that the data you used to trade was available to everyone then it's cleared by compliance. source: I work for a startup that does that and has 1MM rar.

not according to the article. hedge funds claim they cqre about the means by which you obtain that data. for most of the methods i outlined, it is against the site's tos to obtain that data.

Post by ice109 » Fri, Jan 27, 2017, 10:28 PM UTC

AznHisoka wrote: post #54

ice109 wrote: post #53

Earlier quoted context omitted.

i don't know what you want me to tell you? we have ~400 clients and they're not boutique shops either.

I want you to tell me what company you work for that sells this public data, and I'll be happy. Don't care to tell me? Then don't respond with a comment saying "What else do you want me to tell you?" :)