The fallacy of Symbol Limit Plans of Indian Datafeed Vendors
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This is akin to selling a car for 10 lakh when there is no speed limit.
But the same car with no hardware spec chage other than a speed limit 40 is sold for 8 lakh
Now the same car with no change with speed limit 20 is sold for 6 lakh
Can u imagine the situation? either the 6 lakh priced cars are subsidized by the higher paying customers or the actual cost is 6 lakh and other higher prices are artificial created by the business to loot customer.
The whole rational behind this is odd ...e.g
Trudata Velocity Lite NFO with 5 symbol at atime @ 1270 per month Vs
Truedata Velocity Stadard NFO with 50 symbol at a time @ 1609 per month
So the logic I was told that bandwidth charges for server ..So I would like to know the bandwidth usage difference for 45 symbol for 30 days.
No seriously It is not like I am downloading movies here. Let me tell you this is Mbs if not Kbs.
It should be so negiligible there is no way to justify 400 per month in this day and age where data is very cheap.
Again we have
Truedata Velocity Optima NFO with 200 symbol at a time @ 1948 per month
So now strangley for the next 150 symbol we have 339 Extra cost.
Again lets look at closely misleading marketing term here "Max 5 symbol at a time" guess what I only use 1 symbol at a time ..yes I only see one chart at a time in my platformat a particular time.May be create a new plan for me with further discount then.
But no that is not what this is .this is actually a limit for the intermediate program that the vendor uses (not the platform).
So for TD it is TDV application.
so lets say I have 5 symbol plan. As soon as I try to fetch the symbol from my platform ...it will add the sybmol in TDV and then fecth data to the platform via that intermediary program. And as son as I add 6th symbol then it will not load the chart as it will fail to add the 6th symbol to TDV as it reached the limit
But from the charting platform prespective I am still looking at one chart the 6th symbol at that particular instance so my symbol limit is 1 I am not staring at 5 charts at once.Even if I have opened the 5 symbols chart in the background you can stop data streaming as currently I am not looking at them.
Ok the argument here is that chart platform in the background is still fecthing data. Every platform is different which they may not have control blah blah.Got it.
Ok how about I close one of the previously opened chart Will the 6th symbol open ??
No here also you have to manually go to TDV and remove one of the symbol. then only 6th symbol loads.
How about automatically add the 6th symbol overriding the one of the existing symbol in TDV.
No then that would defeat the whole purpose. Many would use 5 symbol plans.
To summerize the whole symbol limit is engineered to f**k the customer from the get go...
Hope the datafeed vendors wake up.