dspp wrote:kiloran wrote:TUK020 wrote:How would this interact with the HYPTUSS tool?
Would it offer the possibility of speeding up the data access?
I don't think there is any possibility of this. It would require the storing of data for all HYP (and non-HYP ) shares. That's a lot! And it would also be another potential failure point in the process.
--kiloran
kiloran,
Imagine for a moment that TLF took a market close shareprice snapshot each day and put that in a database. Imagine that all dividends and splits and etc were also stored and coded into that database. That would give HYPTUSS a reliable single source of information to call from would it not ? That might make things easier rather than harder.
I'm not necessarily advocating this, indeed you will have seen my comments that tend towards the "where are you going" type. Nevertheless one can see the potential.
regards, dspp
Yes, I can see some potential benefits, dspp. But the downsides are significant:
- Where would the data come from? RELIABLE data. From some analysis I've recently done, data quality can vary significantly from site to site. Reported dividends on ADVFN, Sharecast, Morningstar and others are often different. With HYPTUSS as currently configured, we can at least provide users with a choice.
- If the process breaks, who fixes it? Itsallaguess and I can handle HYPTUSS issues, but what about problems with data on the server? Would that be up to Stooz to fix? Or the data provider? Or would Stooz allow IAAG and I access to the processes on the LF server (with the risk that we might muck up TLF!). And would IAAG and I want to get involved in server issues?
- What about adding new shares to the process? At the moment, each HYPTUSS user has total control on which shares are reported. The suggested alternative would require Stooz or whoever to add shares to the database.
- I'm not clear what copyright issues might be involved. I'm sure we can't just grab data from any arbitrary source and republish it on TLF. This dicussion started with some interest in Finnhub data, but from what I have read, their data is for personal use only (even paying up to $1000 per month for it)
Sorry if I sound overly negative, I'm trying to give an honest appraisal of the issues. And I'm certainly open to being persuaded otherwise.
There are many many providers of this kind of information, and Lemon Fool cannot compete with them. I think we should focus on our core strengths, the provision of a forum where the community can discuss financial and other issues.
--kiloran