I am most certainly not trying to change your direction, only stating an opinion.
Clearly you have never signed up for real time data feed or charting in the past, or you would have run into this particular agreement.
Since I derive regular income as well as investment and capital gains from the market, I look at such agreements (you should see the one my futures broker has me sign) in the context of what they provide me - access to services for *my* benefit. Since the plusses far outweigh the remotely potential negatives, signing the agreement is not an act of blind faith, its calculated risk.
For those that don't trade actively, there's always mutual funds.
PS: In a past life I managed multi million dollar programs bounded by intricate contracts. Generally speaking, none of the contracts was worth the paper they were printed on. They were, in my opinion, tools to guide people into correct behaviour. If a serious falling out between parties were to occur, litigation would follow, irrespective whether a contract was simple/complex/fair/unfair or not.
More than once I've signed contracts that were fairly outrageous by many standards, simply because an appraisal of the risk showed the benefits made it worth while.
Just like the Nasdaq, NYSE, CME, CBOT and other such agreements that most of the world deals with already.
Regards
Michael |
