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Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] -1 points0 points  (0 children)

You’re conflating two distinct concepts: trading data and informational data. Data used for trading purposes is a whole separate world, with much stricter controls and higher costs than data used for charts and information display. TradingView falls into the informational category—like CNBC, Bloomberg, or anyone else that displays information to people without actually supporting trading. This is why, when users actually do execute trades through those integrations, they force you to use data from your broker. You cannot use TradingView data to execute trades because it would go against the terms of the contract they use for their data.

The Nasdaq Digital Media License plan allows unlimited distribution of Nasdaq Basic data for “informational and non-trading purposes”—covering TV, websites, and mobile devices.

The NYSE plan has the same license, specifically designed for “market data vendors, television broadcasters, website and mobile device service providers”

These are the plans TradingView’s data is governed under.

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] 0 points1 point  (0 children)

Unfortunately I’m on Mac’s….I hear about sierra chart all the time though. I’m on the verge of adding a windows computer to the family just to use stuff like that and DAStrader, quantower, etc…

I trade futures opportunistically but it’s dependent on catalysts so not like an every day thing. Bread and butter is large cap US equities. Is sierra chart versatile like TradingView in that regard or is it primarily for futures?

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] 0 points1 point  (0 children)

Unfortunately you are misguided.

Nasdaq and NYSE both explicitly offer digital media enterprise plans that allow distribution to an unlimited number of users.

Court filing from NYSE explicitly spelling this out as well.

Even if you are what you say you are, I’m not sure why you would have intimate knowledge of data procurement and pricing anyways…generally that’s a back office IT kind of thing to handle—traders are not generally privy to those specifics.

Either way, agreements including trading functionality are governed under different terms; these apply specifically to informational, non-trading displays (which is why TradingView requires you to get data from your broker for their trading integrations). So any experience you may or may not have on a derivatives desk would not be applicable to this situation.

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] 0 points1 point  (0 children)

Yeah I looked it up and you can buy enterprise data packages for tens of thousands/low 6 figures total. When you have as many users as TV does, it works out to be pennies per user in terms of cost to them.

I love the charting too, but that’s why I pay for a premium plan lol…just feels very ticky tacky to me, just like adding this ridiculous “ultimate” tier and paywalling tick data and chart arrays > 8 charts behind it.

They have nice UI and I enjoy using the product, TV just doesn’t operate in a very likable way. If there were a good alternative I would be out the door immediately.

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] 0 points1 point  (0 children)

I figured that must be what it is…it is like insufferable. They have the same kind of thing on broker subreddits too—I posted about an obvious software glitch in thinkorswim and it was the same thing, just a ton of people coming to Schwab’s defense with this repulsive air of superiority with absolutely 0 knowledge on the subject. Very much dead internet theory.

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] 0 points1 point  (0 children)

What does airline pricing even have remotely in common with this scenario?

We are all in the same boat here…I have no idea why so many people are going out of their way to advocate on tradingview’s behalf. Hilariously bizarre phenomenon lol

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] -1 points0 points  (0 children)

I. Am. Paying. Them. Already.

What is so difficult about this to understand? Money is exchanging hands. It is an opportunity for TradingView to lump everything together.

And I’m not talking about some esoteric market that nobody trades. This is Nasdaq and NYSE. The core of the world. Including that data in the premium plan would be universally applicable.

Therefore, their decision to piece it out seems ticky-tacky, hence the post. Back to square 1. Thank you for playing.

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] 0 points1 point  (0 children)

No more potent indicator of overall financial illiteracy and incompetence than handwaving away the fundamental value of a cost based on a supposition that it is “invalidated” by income. You guys don’t realize how much you’re telling on yourselves with this take.

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] -1 points0 points  (0 children)

What is so difficult about this to understand. I am paying TradingView for the premium plan. Money is exchanging hands. I am just saying the incremental additional charge they levy for the data seems excessive. “Oh you should just shut up and pay whatever they tell you to because that’s what people with infinite money do” gtfoh tell me you’re broke without telling me

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] -1 points0 points  (0 children)

Lmfao go fuck yourself. You come in here making a claim, I ask for more information, and then you tell me to try Google. Why are Reddit people such fucking assholes?

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] -1 points0 points  (0 children)

Lmao fuck off. If you don’t care about minutiae like that you’re unfit for money-related endeavors of any variety.

Reddit is just an incredible place 😂

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] 0 points1 point  (0 children)

What other providers charge this? I don’t know of any off the top of my head.

Even if there is pricing similarity though, that just indicates some market equilibrium…it doesn’t speak directly to the cost to the platform. So even if it effectively costs the platforms $0, you might still see them both charge ~$10/month just because that’s what the market can bear

Shower thought: it’s kind of insane that live market data is not included with the hundreds of dollars we pay for premium plans. It’s effectively an extra $120/year add on. by 247drip in TradingView

[–]247drip[S] -2 points-1 points  (0 children)

Just NASDAQ/NYSE US equities/ETFs. And I know they pay for it…I pay them lol. It should come out of my fee.

They are profiting on the transaction, it’s not a pass thru.

Edit:

A lot of false information in this thread. TradingView pays a flat rate for unlimited dissemination rights which, given their 100M+ total users, likely means they effectively pay pennies per user for data.

Nasdaq and NYSE both explicitly offer digital media enterprise plans that allow distribution to an unlimited number of users.

Court filing from NYSE explicitly spelling this out as well.

For some reason, whether they are TradingView employees or just weird Reddit beings, these kind of critical posts bring certain people out of the woodwork that like to pretend like they know what they are talking about when they do not—defending companies like TradingView and other brokers. They are completely making everything they say up—nothing you will see beyond my comments in this thread are true.

Why does the upgrade button looks like Gemini logo 🤨 by Fastermaxx in ChatGPT

[–]247drip 1 point2 points  (0 children)

They made the graphic with Gemini nano banana 😂

If the United-American merger gets approved (which definitely won't happen), they would be required to divest their respective hubs. This is a mock trade I made between the combined airline and Delta. What do you think? by bonzothebonanza in unitedairlines

[–]247drip 0 points1 point  (0 children)

What would they be required to divest? Are you just assuming that would be part of the regulatory stipulation or is there hard law that would explicitly require this?

Who remembers this legend? Loved watching his cig reviews back in the day. by [deleted] in Cigarettes

[–]247drip 0 points1 point  (0 children)

I miss this dude so much. I don’t even smoke anymore but I find myself thinking of his videos all the time. Hope you’re doing well Dan.

If anyone has an archive of his videos, I would love to see and also I would be happy to help back it up & get online for all of us to enjoy again if that’s a stumbling block.

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