Congrats on the launch. OpenInsider is legendary but definitely shows its age.
Two questions:
How does your parsing latency compare to the raw SEC feed?
What is the business model? Will this granularity remain free, or is this the lead magnet for a paid pro tier?
Thanks! OpenInsider is absolutely the OG in this space.
To answer your questions:
Latency: We poll the SEC RSS feed continuously. The parsing logic (classifying the transaction types) takes a few seconds. So, while not 'HFT real-time' (microseconds), it is 'human real-time' (usually appearing on our site within seconds of the SEC publishing). Sufficient for manual analysis, but maybe not for algos front-running the market.
Business Model: We plan to keep the web interface (including the granularity and filters) free for public research. We believe this level of data transparency should be the standard.
Our plan for a future 'Pro' tier focuses on automation and convenience, such as:
Real-time Email alerts for specific tickers/insiders.
API access for developers.
Bulk CSV exports for backtesting.
The goal is to make the best research tool free, and charge for the infrastructure tools."