Real-Time Stock Quotes May Appear on Websites Soon: Paper
The New York Stock Exchange plans a pilot program later this year that could bring real-time
stock quotes to Internet users, according to newspaper reports.
The NYSE Group unit is expected to file a proposal with the U.S. Securities and Exchange Commission, the Wall Street Journal reported.
If the SEC approves the plan, the NYSE will allow Web sites to publish trade prices with nearly no delay in return for payments of $100,000 a month, the Journal reported.
The test program could be available as early as March, depending on the SEC's response, the paper said.
Google and business news television station CNBC have said they would offer data for free to their users, the paper said. The NYSE also has had discussions with other Internet service providers such as Yahoo, the Journal added.
Google is a member of a group called NetCoalition, which has complained about a lack of real-time stock data offered through services owned by the NYSE Group and Nasdaq Stock Market.