Monday, 28th July 2008
The New York Stock Exchange http://www.nyse.com has asked the Securities and Exchange Commission http://www.sec.com for permission to start selling real-time market data to media and Internet organisations from July 2008
http://www.nyxdata.com/nysedata/default.aspx?tabid=697. If permission is granted, NYSE will be added to Nasdaq OMX http://www.nasdaqomx.com and BATS Trading http://www.batstrading.com in the list of providers that can distribute their data outside the traditional platform providers.
The new product is called NYSE Real-time Reference Prices and runs as a pilot to the end of October. The feed is designed for financial web site portals so that there are no reporting requirements. Not all fee schedules have been announced but data derived from NYSE trades of NYSE-listed stocks will cost $100,000 a month.
Early in June Nasdaq OMX began to sell its real-time share data to Google Finance http://finance.google.com and to other sites for up to $100,000 a month. BATS Trading, a trading venue handling about 9 percent of US equities, also provides data free of charge to Yahoo Finance http://finance.yahoo.com.
Stock exchanges are finding, with the downturn in the equities market, that they are generating more revenue from market data than from trading.
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