Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (8336)	7/18/2000 6:06:10 AM
From: supertip	Respond to of 12617

LPS5, excellent prognosis on ecn´s! Looking forward to see + chat with you (and all the others) again in Ontario. Coming? Matthias from Germany

To: LPS5 who wrote (8336)	7/19/2000 6:28:16 PM
From: LPS5	Read Replies (1) \| Respond to of 12617

Wed, 19 Jul 2000, 6:24pm EDT NYSE, Nasdaq to Post Real-Time Stock Prices for Free New York, July 19 (Bloomberg) -- The New York Stock Exchange and Nasdaq Stock Market said they soon will start offering real- time stock prices on the Internet for free. The Big Board's nyse.com Web site, which now gives prices after a 20-minute delay, will be upgraded this summer to allow real-time viewing of stock portfolios, the U.S.'s largest stock market said in a news release. Nasdaq, the second largest U.S. stock market, plans to announce a similar service in the next few weeks, a Nasdaq spokesman said. The markets' statements stirred immediate concern from some online brokerages, which have to pay the NYSE and Nasdaq for their real-time quotes. ``It sounds incredibly wrong that they should be able to hand out quotes to the public, but refuse to allow this handout to go through brokerages,'' said DLJdirect general counsel Michael Hogan. The NYSE and Nasdaq derive a considerable portion of their annual revenue from fees charged for real-time quotes to brokerages and vendors, who in turn re-sell them to customers. Nasdaq plans to become a private, for-profit corporation by September, and the NYSE is considering whether to become a publicly traded company. The NYSE said the instant Web prices would support several planned online services. ``Virtual NYSE,'' for example, will let investors ``navigate the NYSE trading floor to the point of sale for any particular stock'' via three-dimensional animation, the Big Board said. ``The combination of the Internet and our advanced technology will bring investors right to the point of sale, enabling them to follow trading on the exchange as never before,'' NYSE chairman Richard Grasso said. Another NYSE Web service is expected to use real-time information. The service, ``Look at the Book,'' would show accumulated offers to buy and sell stock at specific prices. Such orders help traders anticipate share-price movements. The Securities and Exchange Commission has invited public comment on a draft fee-setting proposal. DLJdirect's Hogan said online brokerages might express their concerns about the free NYSE and Nasdaq quotes in letters to the SEC. © Copyright 2000, Bloomberg L.P. All Rights Reserved.