Gamestonk Terminal – Stock and crypto market terminal
github.com
github.com
I just want to follow-up on the terminal progress as it has been some time now. We're still working pretty fast on the terminal, adding new features almost every 2/3 days. And the prediction is that this will continue for a while.
The more we grow, the bigger the community and interest around the terminal. This includes not only users, but companies approaching us to integrate their data, which is great. Hence, if you are interested in helping out in some shape/form, please reach out (https://discord.gg/Up2QGbMKHY). There's definitely a lot to do!
Sorry for last time not being able to reply to the comments, I was constantly being PM'd to fix/improve the repo (mainly because I didn't expect it to get so much traction in a day), that I barely slept the days after trying to improve the installation, and helping users one by one with the install process. It is now in a much better shape, though.
Feedback is welcome!
Or offer an official "Business" Fork, with a more corporate name, and which has a monthly support fee.
No reason not to make money off of a project, especially if it makes it more sustainable.
Open Source and open knowledge is what has been changing the world for the past four decades.
However, we have to handle this carefully, because we don't want to charge the average retail trader, that's the whole motto of the project :)
This makes me seriously question the whole project.
I'm only half-joking ... after all, this is supposed to be targeted towards this demographic.
Perhaps I should just do a pull request.
https://news.ycombinator.com/item?id=26260019
I looked through the features to see if my impression was wrong now, but seeing a new feature called Government that didn’t even acknowledge Treasuries has confirmed the weakness of this comparison.
It just takes time for free software to match commercial offering at first, but eventually it surpasses them (too many example to list) for 90% of the uses.
If it let me cancel my Bloomberg subscription, why not?
All I want is reddit + twitter firehose sentiment mining, accurate plot of basic (EURUSD, wood futures) and not so basic (VIX) things.
I do not need to keep track of cargo ships on a map.
The only thing that this shares with the bloomberg terminal is that it can do equities and is on a terminal.
I made the repo open-source first at the end of February, given that we are only 3 devs (2 adding features and 1 dev ops) all with full-time jobs, there's only so much we can get our hands on.
I don't have access to Bloomberg Terminal. But I'm pretty confident that there are features that we've got that Bloomberg doesn't. E.g. we have a screener for stocks that can be specified by our user base and made available by everyone (https://github.com/GamestonkTerminal/GamestonkTerminal/tree/...). This is what having an open-source project can bring, combining collective knowledge of the community.
I wish more CLI apps offered this type of interface.
Does anyone know if there's a specific name for this type of interface? (Like fdisk in linux)
Do you see any opportunity for consolidation in this space?
I'd love a one click start Bloomberg. I'd also be interested how this might effect the wider market once everyone has the same information
This is likely going to continue for a while. However, at some point, we may want to add premium features associated with these APIs. Because if the user is paying such subscription, it makes sense to provide that data on the terminal. Since this will only benefit a small subset of our users, we are deeming this as low priority
However, if I was a Taiwanese trader or market maker, I'd likely pay Taiwanese exchange fees to get access to richer, real-time data (specifically, non-delayed quotes and more market depth.)
I can get this access in under 5 seconds by opting into the desired exchange privileges under EXC<GO> or most likely just pinging my Bloomberg rep. If I remember correctly, I have to log out and back in for the new permissions to permeate my terminal. The cool thing is that all functions automatically leverage the highest level of subscribed data.
Whether I need to jump through more procurement hoops than that depends on where I work. If I am in a small hedge fund, I can just "do this" and if I am in a big firm, we likely already have this data subscribed for.
One of the many reasons Bloomberg exists and continues to be immensely valuable is that it prevents you from having to mess around with individual exchange permissions and data in a one-off way. And don't get me started on normalizing data across exchanges - the fact that Bloomberg does that for you is worth the price alone.
Source: Former Bloomberg employee, former Bloomberg market data client.
When someone subscribes to elevated levels of market data, Bloomberg passes 100% of that money to the exchange. It is a major convenience factor that Bloomberg abstracts all your market data usage for you.
On the flip side, if you use data in your own systems, you basically sign up for a world of pain in terms of exchange fees and pricing compliance. A small example: exchanges may change you per consumer application. So if you have two trading systems, you lay double. But this gets thrny in distributed applications - you may have multiple data connections but it's really just shards of systems parallelized for performance. As a consumer, you face the choice of overpaying for exchange data or risking having to prove that your systems are technical compliant by design depiute the seemingly extra consumer connections. This is a nightmare, which is why firms try to do everything they can on Bloomberg if possible to avoid stepping into this space.
Because there is a marketplace. If Gamestonk is successful, there will be a marketplace for low latency feed + commercial support to configure them for you.
It's hard to improve in this space because we want to keep the terminal free. And exploiting each of the free tiers of these APIs makes that possible at the moment.
Our GamestonkTerminal/GamestonkTerminal2 has a Proof of concept GUI, where it works with a one click start. Although API keys still need to be provided.
Unfortunately, I was not able to successfully install it following the Getting Started install instructions.
Browser and UI (displaying charts) integration is not great with WSL. Perhaps one day.
~~@dang could we get a simpler title like “Gamestonk Terminal - a FOSS alternative to Bloomberg Terminal”~~
There is strength in numbers.
If you scroll through the reddit posts, 9 out of 10 are shit posts. But that other one is actually really good DD, by retail traders with 9-5 jobs that go a long way to understand what's going on under the hood. Not conspiracy theories, but actually backing up by data.
There's a reason why HF are closing down due to shorting GME (https://www.reuters.com/world/uk/london-based-hedge-fund-tha...).
However, I agree with you guys that if we want to become more "legitimate" we need to consider a change in the name. Although our intention remains the same, to combine our efforts and leverage data to the average retail trader that can't afford a Bloomberg terminal, or even a paid subscription to another SW.
Outside of democratic movements nothing works. I would not be comparing this to essential oils. Democratic movements have difficult developments. Sabotage, sophists, scammers are all the issues many democratic movements have to deal with. Movements are what they are. A lot more people were and will be hurt in Hong Kong protest. People will be hurt with or without a movement. With a movement people have a chance. The system will always paint the movement as a caricature.
This has happened again and again throughout history. Where a movement caused a system change. For instance, Carnation Revolution which led to Portugal being a democratic country.
And this is already happening on the stock market, where the system is being re-considered due to the nature of shorting. As Elon Musk put it "u can't sell houses u don't own u can't sell cars u don't own but u can sell stock u don't own!?"
If retail traders start buying a stock just due to it being low float and heavily shorted, the system will have to adapt... There's not much a Hedge Fund can do, when you talk about millions of retards buying shares because "they like the stock".