3 ms·
20-mins delayed stock quotes are a comodity right now, and pretty cheap. it is the real-time quotes, (the one that every investor needs), that have been expens
by ardit33 18y ago
20-mins delayed stock quotes are a comodity right now, and pretty cheap. it is the real-time quotes, (the one that every investor needs), that have been expensive.
There is also Level II quotes, with wich you can see trades going on in real time, but these are even more expensive, and brokers will only give them to active trader.
The whole system, is rigged in such a way, that if you are a casual investor, you have a lot less information on what's going on, then people that have these tools available. What Yahoo is doing, is actually pretty game changing, and makes a comodity something that was only available at a premium.
- mynameishere 18y agocasual investor Have to be pretty darn casual. Sign up for ameritrade and you have real time quotes automatically. (I forget the minimum account, but it's probably a thousand or two.) I had a good month of 30+ trades a few years ago and they gave me level II quotes for ever after.
- idea 18y agoI'm a small investor and i get free real time streaming data for Euronext Amsterdam, Brussels and Paris from my broker. It also shows the outstanding orders in the order book. It's fun to watch but if you observe closely it is very obvious that trading (instead of investing) is a game for the big boys who use intricate financial models and a massive amount of computing power. It's like competing directly with Google.
- falsestprophet 18y agoDo you know if historical level II quotes are available? That data seems like it could be interesting (and profitable) to explore. If the data isn't available, do you think it is possible to collect market-wide level II quotes from a commercial source?