Not at all, I’m inclined to agree with the commenter. If you work in the industry you can immediately pick up a few problems.
1) SEC filings are largely useless. For earnings, funds typically look at the press release that companies put out. 10-Qs and Ks are sometimes released days or weeks after earnings are already out. You could potentially trade on filings that disclose insider share transactions but these are largely noise.
2) Setting all that aside, who exactly is buying this? Citadel/P72/all the other institutional investors have entire teams of data scientists. I’d be surprised if they didn’t have similar tools already with better functionality. Maybe this picks up steam with the retail crowd, but I doubt any average investor is going to have a trading system that can take advantage of this.
There’s just limited practicality and an even more limited customer base. Even if this were free, Im not sure I would have much use for it
1) SEC filings are largely useless. For earnings, funds typically look at the press release that companies put out. 10-Qs and Ks are sometimes released days or weeks after earnings are already out. You could potentially trade on filings that disclose insider share transactions but these are largely noise.
2) Setting all that aside, who exactly is buying this? Citadel/P72/all the other institutional investors have entire teams of data scientists. I’d be surprised if they didn’t have similar tools already with better functionality. Maybe this picks up steam with the retail crowd, but I doubt any average investor is going to have a trading system that can take advantage of this.
There’s just limited practicality and an even more limited customer base. Even if this were free, Im not sure I would have much use for it