NYSE Resolves Dispute Over Real-Time Quotes
from the coming-to-you-in-real-time dept
Back in November we mentioned the story of various online finance sites complaining to the SEC about the high prices that stock exchanges were charging for access to real time-quotes. It clearly seemed like the exchanges were missing the big picture, by trying to make as much money as possible upfront by selling the quotes, as opposed to seeing the long-term value of giving out more useful data to the public. It appears now that the impasse has been resolved, with the NYSE coming to terms with Google and Yahoo on a price for real-time quotes. For $100,000 per month, these sites will be able to redistribute the real-time data to their users free of charge. That still seems like a lot of money, and indeed the Wall Street Journal and MarketWatch (both owned by Dow Jones) don’t think the price is worth it. It is possible that the Journal and MarketWatch just don’t think there’s much need for it, since presumably a high percentage of their readers have access to the data through an online brokerage account. Even with the new agreement, it still seems like the exchanges are shortsighted to nickel and dime the online finance sites over this data.