CORRECTED - NYSE starts selling stock prices to Google, CNBC
(In second paragraph clarifies that SEC must provide definitive approval of plan to sell market data, but NYSE can charge during pilot project)
NEW YORK, June 24 (Reuters) - The New York Stock Exchange began providing real-time stock price data to media companies and websites on Tuesday, with Google Inc (GOOG.O) and cable television network CNBC as its first customers.
The NYSE, a unit of NYSE Euronext Inc (NYX.N), is offering the data on a pilot project basis, allowing it to begin charging for the data now, while it waits for definitive approval from the U.S. Securities Exchange Commission to sell market data.
Google Finance and CNBC will each pay up to $100,000 per month for the right to use the NYSE's "Realtime Stock Prices" product, which provides stock price data derived from trades of shares listed on the exchange. The customers in turn will provide the information at no cost to their audiences.
Google and CNBC recently concluded similar arrangements with Nasdaq OMX Group (NDAQ.O). In May, BATS Trading, a fast-growing trading venue that handles about 9 percent of U.S. equities, said it would provide data free of charge to Yahoo Inc's (YHOO.O) finance website. (Reporting by Phil Wahba; Editing by Lisa Von Ahn)
