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All Your Stock Tickers Are Belong to Us?

Via the WSJ, Google and Yahoo! are asking the SEC to review the fees associated with U.S. stock exchange market data:

Yahoo Finance, AOL's Money and Finance, Forbes.com and other financial Web sites have already stopped displaying real-time quotes from electronic marketplaces owned by the New York Stock Exchange and the Nasdaq Stock Market because of fee increases.

"We are asking [the SEC] to decide whether there should be a more rigorous review of what is being provided and at what cost," he said. The SEC might want to study how the distribution of data to hundreds of millions of Internet users contributes to market liquidity and trading fees at the exchanges, he said.

- Y! MyWeb

Here's the free version

http://www.businessweek.com/ap/financialnews/D8LCFLUO1.htm

By hopeseekr at Nov 13 2006 - 23:23

but then,

if you turn it around a little by substituting other company names ...

Quote:
The (insert PPC Provider of Choice) are increasingly seeking to restructure fee arrangements with the most popular Web sites and Internet companies in order to maximize the (insert PPC Provider of Choice)'s profits at the expense of average consumers and investors ...

Just a thought.

By Woz at Nov 14 2006 - 02:10

Insane price hikes @ NYSE

NYSE has started charging up the *ass* for real-time quotes. Where before $5/mo would get you in (for all of the 90s and 60% of the nawts), now, now they have them broken into 5 or 6 different modules, a $15 minimum and any where from $1 to $10 per module.

The NASDAQ is following right in line. $15 for streaming quotes + $1 for real-time (wtf is that joke about?!) + $5 for CBOE options streaming + $10 for afterhours streaming + $10 for NASDAQ Level 2 (shows you what exchanges are wanting to buy and sell one stock at what price [really, quite essential]).

All in all, I've been basically priced out of NYSE trading as the streaming quotes just wouldn't cover the handful of NYSE-only companies I'd choose to invest in. NASDAQ costs have increased by over 100% in the last 2 years.

By hopeseekr at Nov 14 2006 - 05:16