Author Topic: DSP Email From Fidelity  (Read 11002 times)

Fred93

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Re: DSP Email From Fidelity
« Reply #30 on: December 03, 2014, 07:26:15 AM »
In addition, leveraging our publicly available application program interface and
 downloadable data files, our technology partners, with whom we have no compensation arrangements, have developed applications to
 facilitate automated investing based on preset criteria controlled by their clients and to build credit models and filters in addition to those
 provided by us to investors. We do not pay for the development of these additional models and filters, which are only available to the
 developerís clients and are not made publicly available by us

Translation
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We have a bunch of lawyers who, leveraging our publicly available information, write incredibly long run on sentences describing our operations, environment, disclosable facts, obvious situational trivia, and other matters required by law, and not, inclusive.  We do pay these lawyers around $500/hour for this work.

rawraw

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Re: DSP Email From Fidelity
« Reply #31 on: December 03, 2014, 08:07:22 AM »
I thought it was interesting they view the ecosystem as a strength ha ha ha