33  Data Licensing

Not yet documented centrally. The platform ingests from three vendors — each has its own terms that govern what can be redistributed, republished, or used in a public-facing paper/dataset release:

• FMP (Financial Modeling Prep) — requires FMP_API_KEY; commercial terms apply. Redistribution limits need confirming before any derived dataset from FMP-sourced fields is published alongside a paper.
• FRED (Federal Reserve Economic Data) — requires FRED_API_KEY; FRED data is generally public domain / open (US government data), but confirm per-series terms before redistribution.
• FINRA — no API key required; confirm redistribution terms for the short-interest dataset specifically.

Research-only sources named in the research proposal (SEC 13F filings, SEC 10-K text, the French data library) are separately licensed — SEC filings are public record, but derived or processed extracts (for example, parsed supply-chain links) may carry their own terms depending on the parsing service used.

Action needed. We must confirm and record the actual licence terms per source before any dataset built from them is published as part of a paper’s supplementary material.