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Started by johnwindsor
Tue, 23 Feb 1999 00:00
Starting a shares/stocks information business
Author: johnwindsor
Date: Tue, 23 Feb 1999 00:00
Date: Tue, 23 Feb 1999 00:00
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I am thinking about starting a new business (in Australia),
and I'd like present my ideas here and see if I can get
some feedback regarding feasibility (etc.).
1. Product concept: A service that notifies the customer
when a share(s) price reaches a certain level, definable
by the customer.
2. Background: Currently (at least in Australia), a
broker might ring up a share-information service to get
share prices. He might have access to a web based service
at the office, but if he's on the road, he'll use the
phone service. The cost is about 1 australian dollar per
minute. The operation is quite tedious, using the phone
keypad.
3. The service I propose would allow the customer to
set up a notification rule (for example, "call me when
share X goes above $2.30"), and the server would
automatically dial up his phone/cell-phone when that
condition occurs. The message that is played to the
customer can be generated by a text-to-speech program
on the server.
4. The customer can set up the rules using a web
browser, or (at an extra cost) by talking to a
human operator.
5. Pricing would be competitive. Perhaps around $50
per month?
6. Operating costs for the business would include:
a. marketing
b. support/call-center
c. web-server(s)/call server(s)
d. stock exchange information feed
7. What would be the demand for this kind of service,
bearing in mind that this can be used by brokers as
well as their customers? Would you find this kind of
service useful?
8. What would be the cost of the data feed from
the stock exchange? I presume it would vary depending
on the frequency of the updates? (every minute, every
second etc.)
9. Will the marketing cost be the highest operating
cost? Would it be prohibitive at this fee level?
10. Technically, it seems like a fairly simple project.
I will need some unix servers for the web hosting, a
database for the stock data, and some software to
generate the messages to the customers and call them
up. Or am I missing something?
11. Does this kind of service already exist? In
Australia? Elsewhere?
12. Anything else I should be thinking about?
Thank you for your advice.
-----------== Posted via Deja News, The Discussion Network ==----------
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Re: Starting a shares/stocks information business
Author: Frenchy
Date: Tue, 23 Feb 1999 00:00
Date: Tue, 23 Feb 1999 00:00
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johnwindsor@my-dejanews.com wrote in message <7at5ns$ace$1@nnrp1.dejanews.com>... >I am thinking about starting a new business (in Australia), >and I'd like present my ideas here and see if I can get >some feedback regarding feasibility (etc.). > >1. Product concept: A service that notifies the customer >when a share(s) price reaches a certain level, definable >by the customer. > >2. Background: Currently (at least in Australia), a >broker might ring up a share-information service to get >share prices. He might have access to a web based service >at the office, but if he's on the road, he'll use the >phone service. The cost is about 1 australian dollar per >minute. The operation is quite tedious, using the phone >keypad. > >3. The service I propose would allow the customer to >set up a notification rule (for example, "call me when >share X goes above $2.30"), and the server would >automatically dial up his phone/cell-phone when that >condition occurs. The message that is played to the >customer can be generated by a text-to-speech program >on the server. > >4. The customer can set up the rules using a web >browser, or (at an extra cost) by talking to a >human operator. > >5. Pricing would be competitive. Perhaps around $50 >per month? > >6. Operating costs for the business would include: > a. marketing > b. support/call-center > c. web-server(s)/call server(s) > d. stock exchange information feed > >7. What would be the demand for this kind of service, >bearing in mind that this can be used by brokers as >well as their customers? Would you find this kind of >service useful? > >8. What would be the cost of the data feed from >the stock exchange? I presume it would vary depending >on the frequency of the updates? (every minute, every >second etc.) > >9. Will the marketing cost be the highest operating >cost? Would it be prohibitive at this fee level? > >10. Technically, it seems like a fairly simple project. >I will need some unix servers for the web hosting, a >database for the stock data, and some software to >generate the messages to the customers and call them >up. Or am I missing something? ## OK _ where do expect to get the data from to onsell? > >11. Does this kind of service already exist? In >Australia? Elsewhere? Yes it does in a variety of forms > >12. Anything else I should be thinking about? > ##Why you are better than current services ... which can be as cheap as "FREE" >Thank you for your advice. > >-----------== Posted via Deja News, The Discussion Network ==---------- >http://www.dejanews.com/ Search, Read, Discuss, or Start Your Own
Re: Starting a shares/stocks information business
Author: Sir_Bazz
Date: Tue, 23 Feb 1999 00:00
Date: Tue, 23 Feb 1999 00:00
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Telstra already offer this service to mobilenet customers. Sir_Bazz. johnwindsor@my-dejanews.com wrote in message <7at5ns$ace$1@nnrp1.dejanews.com>... >I am thinking about starting a new business (in Australia), >and I'd like present my ideas here and see if I can get >some feedback regarding feasibility (etc.). > >1. Product concept: A service that notifies the customer >when a share(s) price reaches a certain level, definable >by the customer. > >2. Background: Currently (at least in Australia), a >broker might ring up a share-information service to get >share prices. He might have access to a web based service >at the office, but if he's on the road, he'll use the >phone service. The cost is about 1 australian dollar per >minute. The operation is quite tedious, using the phone >keypad. > >3. The service I propose would allow the customer to >set up a notification rule (for example, "call me when >share X goes above $2.30"), and the server would >automatically dial up his phone/cell-phone when that >condition occurs. The message that is played to the >customer can be generated by a text-to-speech program >on the server. > >4. The customer can set up the rules using a web >browser, or (at an extra cost) by talking to a >human operator. > >5. Pricing would be competitive. Perhaps around $50 >per month? > >6. Operating costs for the business would include: > a. marketing > b. support/call-center > c. web-server(s)/call server(s) > d. stock exchange information feed > >7. What would be the demand for this kind of service, >bearing in mind that this can be used by brokers as >well as their customers? Would you find this kind of >service useful? > >8. What would be the cost of the data feed from >the stock exchange? I presume it would vary depending >on the frequency of the updates? (every minute, every >second etc.) > >9. Will the marketing cost be the highest operating >cost? Would it be prohibitive at this fee level? > >10. Technically, it seems like a fairly simple project. >I will need some unix servers for the web hosting, a >database for the stock data, and some software to >generate the messages to the customers and call them >up. Or am I missing something? > >11. Does this kind of service already exist? In >Australia? Elsewhere? > >12. Anything else I should be thinking about? > >Thank you for your advice. > >-----------== Posted via Deja News, The Discussion Network ==---------- >http://www.dejanews.com/ Search, Read, Discuss, or Start Your Own
Re: Starting a shares/stocks information business
Author: JR
Date: Wed, 24 Feb 1999 00:00
Date: Wed, 24 Feb 1999 00:00
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In article <7at5ns$ace$1@nnrp1.dejanews.com>, johnwindsor@my-dejanews.com says... > 5. Pricing would be competitive. Perhaps around $50 per month? You gotta be kidding. For that you can get full market data (end-of-day) and live prices, market depth, portfolios etc. JR
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