January 21, 2007 / 1:10 PM / 13 years ago

NYSE plans test of real-time Web quotes: report

Trading specialists work on the floor of the New York Stock Exchange, January 10, 2007. REUTERS/Chip East

NEW YORK (Reuters) - The New York Stock Exchange plans a pilot program later this year that could bring real-time stock quotes to Internet users, The Wall Street Journal reported on Friday.

The NYSE Group Inc. NYX.N unit is expected to file a proposal with the U.S. Securities and Exchange Commission on Friday, the Journal reported.

If the SEC approves the plan, the NYSE will allow Web sites to publish trade prices with nearly no delay in return for payments of $100,000 a month, the Journal reported.

The test program could be available as early as March, depending on the SEC’s response, the paper said.

Google Inc. (GOOG.O) and business news television station CNBC have said they would offer data for free to their users, the paper said. The NYSE also has had discussions with other Internet service providers such as Yahoo, the Journal added.

Google is a member of a group called NetCoalition, which has complained about a lack of real-time stock data offered through services owned by the NYSE Group and Nasdaq Stock Market Inc. (NDAQ.O)

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