Real Time Quotes? Not the Solution
From the Wall Street Journal:
The New York Stock Exchange plans a pilot program later this year that could bring real-time stock-price data to millions of Internet users. The NYSE Group Inc. unit was expected to file a proposal with the Securities and Exchange Commission today. If the proposal is approved by the federal regulator, NYSE will sell to Web sites for $100,000 a month the ability to publish trade prices on the NYSE with virtually no delay. Web site operators including Google Inc. and General Electric Co.’s CNBC, have both agreed to provide their data to users without charge, if the plan is approved, and NYSE has also held discussions with several other Internet providers such as Yahoo Inc., said people familiar with the matter.
Isn’t the implication that real time quotes for the average “investor” will “help” them? I just found the article odd. On the face of it real time quotes surely sounds great to most people. However, once everyone has real time quotes, does anyone expect that there will be some new class of super successful investors due to speedy quotes alone?
