Quant analytics: The reason why Opentick closed. Affordable Minute tick data will never be possible

(Last Updated On: November 26, 2010)

Quant analytics: The reason why Opentick closed. Affordable Minute tick data will never be possible

These are the words of a high profile data provider who reached out to us today:

Infrastructural costs are fairly high for high performance storage,
database, etc.
We are currently budgeting $50k for phase one.

I would like to charge $50 per month for the service which would provide
real-time access to tick, 1,5,10,15,30,60 minute bars. Data would be
provided through SDK and web service with json, etc.

Controlling the historical data is a big issue and is probably what killed
OpenTick.
It's ok when someone downloads tick data for a few symbols and uses the data
for its intended purpose.
It's a different story when 100's of data hijackers start grabbing all of
your history for all of the symbols.

Unfortunately tick data is hugely valuable and expensive to get so when
someone offers it for a cheap price the results can be worse than a 90% off
sale at a department store - complete chaos...

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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs