I was wondering if anyone knew the reasoning behind the $1000/month price tag for live data, as it is quite out of reach for the majority of humans. I find it funny that it is FREE to use for backtesting historical data on QuantConnect and Quantopian, so researchers everywhere can find the Alpha but not act on it. Its quite an annoying pricing model, but can we ever expect to see a more reasonable cost for using this data to live trade? I don't need minute data, just EOD data, and I can't see why scraping alone is justification for such a steep price.
Alexandre Catarino
Hi John Hawkins
The reasoning behind that price tag is the value of the information. If the data has predictive power that will result in big third-party profits, it's fair to say that the price tag is reasonable. I think you can compare, for instance, that price tag against those of Alpha Streams.
Please note that PsychSignal sets the price, not QuantConnect.
On the other hand, their backtest data is free since we cannot make money from backtesting and it is PsychSignal's way to advertise their product.
It's free to create a live Alpha Stream with it too.
Jared Broad
Thanks John -- We'll reach out to Stock Twits separately but ultimately the decision on this specific layer of interpretation and whether to allow individual usage is up to PsychSignal. For now, this is not something we're able to offer.
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John Hawkins
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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