The New York Stock Exchange (NYSE) is planning a pilot programme to test the appetite among Internet users for stock exchange prices in real-time, according to a report in the Wall Street Journal on Friday.
The report says that the NYSE is expected to files a proposal with the U.S. Securities and Exchange Commission (SEC) allowing it to sell price data to web sites – including Google, Yahoo and CNBC – for real-time publication for $100,000 a month.
At present, NYSE prices are usually 15-20 minutes old, and Internet users wanting real-time prices have to pay a separate fee. Electronic trading platforms such as Archipelago was readier to distribute real-time data via the web, but was acquired by NYSE. Nasdaq is developing a similar plan to distribute real-time price data free.
The Wall Street Journal report suggested the NYSE pilot programme would run for a year. It could begin as early as March this year.