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NYSE LAUNCHES REALTIME STOCK PRICES DATA DISTRIBUTION PRODUCT
Posted June 25, 2008
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.”
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