Legal Question in Intellectual Property in Ohio
Are stock & option quotes public information?
I would like to create a website that offers a free service to search historical option & stock prices. I have been collecting this information for years for my own personal use but have never published it. Could I get in legal trouble by offering this data for free on the internet? Is there any difference between publishing current day and historical data when it comes to option prices?
1 Answer from Attorneys
Re: Are stock & option quotes public information?
Each edition of the publication (and here, "publication" includes internet sites as well as traditional publications like newspapers) from which historical information was collected is protected by copyright in the US. While the numbers are what they are and the graphs produced by those numbers are what they are (any copyright protection on mere data would be very, very, very thin, if it exists at all), any commentary, analysis, or other evaluation or notations about the data that may have been published with that data are very much protected by copyright. Taking any information beyond just the numbers could land the taker into the wrong end of a remarkably expensive copyright infringement suit.
THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.
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