Forum Archive Index - November 2001

[Adam Rands <adamlist@iguana2.com>]

It is unlikely that StockNess will be providing NZ market depth

The cost is just to prohibitive.

To provide 5 levels of NZSE market depth will cost 2cents per request (it 
adds up very very quickly)

On the ASX the same information costs us around 0.04cents

So while the NZSE has made market depth available, they have made it to 
expensive to be available on a free non transactional site.

We may look at providing the information in the future but it would be on a 
subscription only basis - But somehow i think many users would not find 
StockNess as an attractive option if the free lunch was over.

Hands up who's prepared to pay?

Gerry - Advertising covers costs (just) but the outlook in this area is bleak.

In any case StockNess was never developed to make money directly - Its a 
site we use to showcase our services to brokers etc. (especially in 
Australia). We make our money by providing similar solutions to third parties.

Cheers

Adam Rands
COO
Iguana2


At 10:07 AM 2/11/2001, you wrote:
>There is no doubt that Stockness is highly successful.
>
>I have done my bit by enticing Ozestock posters to this site and they have 
>done exactly that: In droves!
>
>They are mainly interested in three  items of the Stockness offerings: 
>Announcements, Austr. Market depth and VWAP.
>
>And they keep talking about the latter.
>
>Stockness has been the leading edge in protesting at the lack of NZ market 
>depth! The evidence is still there!
>
>Thanks, Stockness!
>
>And if Stockness now offers the NZ Market depth facility, then the 
>advertizing value of that site would be enhanced!
>
>Gerry


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