NYSE LAUNCHES REALTIME STOCK PRICES DATA DISTRIBUTION PRODUCT

 

Posted June 25, 2008

 

NEW YORK – The New York Stock Exchange has introduced NYSE Realtime Stock Prices, a new data product enabling Internet and media companies to buy real-time, last-trade market data from the NYSE and then distribute it free to the public.

 

Google and CNBC have become the first companies to in turn distribute the NYSE product.

 

“NYSE Realtime Stock Prices will provide investors with free, immediate and easily accessible information, without requiring them to complete any administrative forms or contracts,” says Ronald Jordan, Executive Vice President, Market Data. “We are excited to partner with Google and CNBC, two great names in the information space, to offer this useful data to the public.”

 

NYSE Realtime Stock Prices began as an idea proposed in January 2007 with the approach that information providers distributing the data would not have to count and report numbers of users back to the NYSE. With the product, providers buy the data from the NYSE for a flat monthly fee. The product has been approved by the US Securities and Exchange Commission for a four-month pilot period.

 

“Providing real-time market data on Google Finance is an important step towards helping investors make more informed and timely investment decisions,” says Marissa Mayer, Vice President of Search Products and User Experience. “Access to real-time financial information has traditionally been limited to investors with brokerage accounts and other users via subscription fees. We are pleased to be making this information freely available to all of our users on Google Finance and other Google search properties.”

 

   
     

Questions or comments? Get in touch with us at info@globalinv.com

© 2005-2008 Investment Media Inc.