Hacker News Reader

Hi, Thanks for bringing that concern up. I shall keep it in mind and change it based on feedback from customers if it is an issue. Typically, people search for a company after a price move rather than before. And these are searches on publicly available data, ie data that is not proprietary and already filed with the sec. Needless to say, none of the chat traffic is used or will ever be used to feed any trading signals for anyone.

View on HN

> Typically, people search for a company after a price move rather than before.

People search for a company for a reason, generally to inform a thesis towards buying or selling, and regardless of their thesis, there will generally be a price move when they act.

> And these are searches on publicly available data, ie data that is not proprietary and already filed with the sec.

Of course. But the information that someone is interested is not public, so you are crowdsourcing indication of interest.

Effectively you have a leading indicator (however soft) for order flow.

> Needless to say, none of the chat traffic is used or will ever be used to feed any trading signals for anyone.

Point is, it's not "needless" to say, it's "needful". And something other than "trust me" would be in order.

Thank you for the advice, will implement accordingly.

Reply on news.ycombinator.com