A naukri.com initiative
Medium
1M
203
Image Credit: Medium
How to build responsible proof of concepts
- Building responsible proof of concepts may require navigating legal and regulatory constraints around providing personalized stock recommendations.
- Platforms like eToro focus on social trading rather than offering direct stock advice to avoid fiduciary duty and regulatory compliance issues.
- eToro provides market analysis, copy trading, and risk warnings instead of personalized recommendations to maintain compliance.
- To build responsibly, developers should clearly label projects as personal/educational, avoid direct buy/sell recommendations, and keep API keys private.
- Using public projects to provide data and signals with user interpretation reduces legal risks associated with financial advice.
- GitHub hosting should include disclaimers, clear README, private Buy/Sell logic, and safe phrasing in outputs to ensure responsible usage.
- Choosing suitable free finance APIs like AlphaVantage and NewsAPI can support projects that require stock market data for analysis.
- Maintaining project transparency, responsible use, and compliance with API terms are essential when building financial or stock-related applications.
- Personal projects should prioritize user education, risk awareness, and clear communication to avoid legal complications and regulatory issues.
- In conclusion, building responsible proof of concepts involves understanding legal boundaries, structuring projects compliantly, and utilizing appropriate APIs for data access and analysis.
Read Full Article
12 Likes
For uninterrupted reading, download the app