El, and all, This should help folks find free real time quotes. NW The real word on real-time quotes
Here's where to turn when you need to know now (and you don't want to pay).
By Kamau High
When you want to know, you want to know - especially when it comes to stocks. So it was a boon to investors when the Thomson Investor Network began offering free real-time stock quotes on its Website last fall.
But in typical Internet fashion, Thomson wasn't alone for long. Many sites very quickly introduced free real-time quotes of their own. And now, they're a fairly standard part of an investment or personal finance site's fare.
"Information is quickly becoming commoditized," says Tanya Hilleary, a spokeswoman for Thomson (which provides the real-time quotes for Money.com). That's not to say the data is less useful -- just that it's more easily found. But the proliferation of free real- time quotes raises some interesting questions, most significantly: Who's using the numbers? And why?
Officials at various sites say their users run the gamut from casual investors to the day-traders, for whom minutes and seconds count. The sites that offer the quotes won't say how many people use the service or how many quotes they provide. But Stuart Robson, the president of First International Financial Corp., which publishes freerealtime.com, said he saw "a large spike" in requests during the market turbulence of the last couple of weeks.
And proponents say the quotes are a valuable tool for countless investors, particularly in turbulent times. (Stocks ended higher on Monday as investors put aside worries about Russian economic weakness and the president's testimony before the Whitewater grand jury. The Dow industrials surged nearly 150 points, or 1.78%; the Nasdaq composite index rose 27.85 points, or 1.56%.) And the sites say the real-time quotes have uses beyond online trading. "I still get e-mail saying, 'boy, this has really helped me manage my broker,'" says Hilleary.
Still, some experts question whether the average investor is -- or should be -- basing his investment decisions on the real-time data.
"If you're planning for the long term, or just general information, real-time quotes are not necessary," says Michael Gazalla, a senior analyst at Forrester Research who has monitored the growth of investing on the Internet. Business and investment sites sites feel compelled to offer real-time quotes for competitive reasons, he says. But as more sites make them available, the less useful they are as a customer recruitment tool.
What's more, most of the real-time feeds are coming from the same places, mainly Digitrade, Thomson, North American Quotations and Standard and Poor's. All of the sites require registration to use the feature, and most (including Money.com) set limits on the number of quotes a user can access in a day.
With that in mind, Money Daily set out to examine the marketplace, looking for the sites that offer free quotes in real-time, and to find out what limits they have. The chart below indicates what we found.
Money.com (money.com/rtq) 50 free quotes per day No e-mail alerts to news/movement Delayed portfolio tracking News search available
Fox Market Wire (www.foxmarketwire.com) 50 free quotes per day E-mail alerts for news/movement Real-time portfolio tracking News search
Free Real Time (www.freerealtime.com) Unlimited free quotes No e-mail alerts for news/movement Real-time portfolio tracking News search
InfoSpace (in-114.infospace.com) 50 free quotes per day No e-mail alerts for news/movement No portfolio tracking News search
Quote Central (www.quotecentral.com) 100 free quotes per day E-mail alerts for news/movement Delayed portfolio tracking News search
ThomsonRTQ (thomsonrtq.com) 50 free quotes per day E-mail alerts Delayed portfolio tracking News search
Wall Street City (www.wallstreetcity.com) Unlimited free quotes E-mail alerts Delayed portfolio tracking News search |