What is Digg?33 Comments
- MrCalifornia, on 10/12/2007, -0/+53I can't tell, check back in 20 minutes.
- darrickc, on 10/12/2007, -1/+21Wow, this is huge. If they can pull this off it might just push Google finance over yahoo finance. Well done google!
- cruelpupet, on 10/12/2007, -2/+10What's that I hear?
Is that Google's stock price going a bit higher? - fletchowns, on 10/12/2007, -2/+9Oh to have deep pockets...
- uptown, on 10/12/2007, -0/+5Awesome! Looks like it's a generic proposal which wouldn't just apply to Google, so Yahoo! and others would likely follow suit. Now what about NASDAQ quotes?
- autodata, on 10/12/2007, -0/+3@pcgeek101, I'm huge Google fan and use Google Finance every day, but saying it's better than yahoo finance is an absolute joke. Sure, it has some good features (which is why I use it daily) and some things can be done more quickly, but it's plagued with bad or incomplete data and the charts feature is like a child's toy compared to yahoo's new charts. Yahoo's research tools are also far more mature than Google's.
- pcgeek101, on 10/12/2007, -6/+9I'd say Google Finance is already past Yahoo Finance. Unfortunately they don't have option chains though :(
That's pretty wicked though, although most people with brokerage accounts who are trading actively already have access to RT quotes. The people who aren't actively trading probably can deal with the delayed quotes. - hart, on 10/12/2007, -0/+3Neither Yahoo nor Google ever did real-time quotes for free. What they did do was offer real-time ECN quotes (http://en.wikipedia.org/wiki/Electronic_Communication_Network). These are electronic networks are completely separate from the actual exchanges where 99.9% of trading goes on (e.g. Nasdaq or NYSE). Late last year, the large exchanges bough up these electronic trading networks and cut off free access to their real-time quotes. Google is pushing for access to real-time quotes from the actual exchanges. A few sites offer real-time quotes after a long sign up and only one quote at a time (not streaming). If it goes through, it will be a first and it will allow Google to do awesome things (like a view with real-time streaming quotes on every stock in your portfolio). Mad props to Google, NetCoalition and the NYSE for blazing the trail!!
- osbjmg, on 10/12/2007, -0/+3Yea, most online trade accounts, if you have an account with them (normally free, but require minimum balance) will give you real time quotes.
- metall1c1ne, on 10/12/2007, -1/+3Real Time!!!
So you can watch yourself losing money! - viz78, on 10/12/2007, -2/+4If google can do it, so will Yahoo. goog finance is no way close to the usage of Yahoo Finance. Just check the market share.
- 000855, on 10/10/2007, -0/+2I can make money on my blog ?
http://finances-business.blogspot.com/ - jakdracula, on 10/12/2007, -1/+3Never understood the delay in the first place.
- djdole, on 10/12/2007, -0/+1By "Free" you mean "Deposited $1,000 minimum for cash accounts or $2,000 for margin accounts" JUST to open the account to view the "Free" etrade streaming quotes.
Not quite the same as just visiting http://finance.google.com
But it's true that those who are most interested in this will most likely have access to real-time quotes already through their broker. - tvh2k, on 10/12/2007, -0/+1@tuxidomasx
Ummm no, nowhere near level 2. Read the NYSE proposal:
http://apps.nyse.com/commdata/pub19b4.nsf/docs/E628DC95F399035185257261004E5D95/$FILE/NYSE-2007-04.pdf
All they'll be giving out is last price --- that's it. Not sure if it would be primary or composite. Anyway no volume information, no bid & ask sz/price. No order size. All that's included in level 1 buddy. Level 2 is actual individual orders going out over the wire (bids and offers), and actual trades. That is an enormous amount of data, particularly in volatile equities such as MSFT.
So again, all you get is last price. Even with cheap-o trading account (such as Zecco.com) all you get is Level 1. If you want Level 2 and can afford Thompson One or Redi or whatever then great, but if you're not a day trader you probably won't ever need it. - fatdog789, on 10/12/2007, -1/+2*cough* Except Yahoo gets to do the same thing.
Yahoo used to do real-time quotes, until they got shut down. Something to do with the stock scams spreading through email and im a few years back. - tuxidomasx, on 10/12/2007, -1/+2last sale prices.
level 2 - thoth92, on 10/12/2007, -1/+2I have an Etrade account, which gives you real-time, streaming quotes for free.
Also, this doesn't seem to affect Nasdaq and other non-NYSE stocks, which sucks, as most tech stocks are on the Nasdaq. - inactive, on 10/12/2007, -0/+1Watch out Bloomberg...
new kid in town offering your service for free because they simply have a different business model...
(ok, not all your services, but an important one...) - djdole, on 10/12/2007, -0/+1Not come January 30th.
- xenubaba, on 10/12/2007, -0/+1I don't understand what's with diggers. Why must it be either Google Finance or yahoo Finance? Damn it. Can't you just use both? I use Google Finance for news. Yahoo Finance for charts. Stockalicious.com for my portfolios.
They are tools. Use them. Don't discriminate against them. - garths, on 10/12/2007, -1/+2As a Canadian, the biggest problem I have with these services is poor currency support. I need to be able to track multiple accounts holding shares from multiple exchanges in multiple currencies, and have things like net worth calculated properly (taking into account currency rates). Does anybody know if any of them have improved at this?
- cico, on 10/12/2007, -0/+1mfwarren ???
What are you saying ?
Bloomberg provides you an API allowing you to get data.
So you can save it in a database if you wish.
I built a middleware doing that for portfolio management company. And it just took me 2 days to built a very flexible system to get and save financial data (stocks, index, etc...) from bloomberg. - thecity, on 10/12/2007, -0/+0What is important to the trader is to get real time bid/ask spreads, which this does not give, along with NASDAQ or any OTC stock quotes. So there will still be no real time quotes on GOOG yet, but this is a good first step. It is interesting that the brokerages were not able to get this done, but Google did.
Now how are they going to monetize this? Will they put ads to the finance page now (like yahoo)? Maybe buying stocks through Checkout? - VANOS, on 10/12/2007, -2/+2Actually, I believe they DID have RT quotes earlier this year... so did Yahoo! Then a crackdown of sorts occurred and both were disallowed to stream them. Maybe this is that issue coming to some resolution.
- inactive, on 10/12/2007, -2/+2So it's like an expensive real-time reuters feed, for free?
- mfwarren, on 10/12/2007, -0/+0I work in a portfolio management company and this could be a huge win for us. Bloomberg terminals are expensive, and there are severe restrictions on how you're allowed to use the data (not allowed to save it to local database, or use it any automated way). If Google allows that kind of use of the data and provides an API to access it, you can bet that companies will take notice.
www.halotis.com/blog/ - arof, on 10/12/2007, -3/+3That argument has the same problem that still puts Yahoo above Google in the Alexa ratings (which I would assume is what you're pointing to): innefficient systems driving up page views.
Both in Mail (almost 50% of Yahoo's pageviews) and in Finance, and many Yahoo other systems, the current system in place forces you to refresh the entire page to get more information (for mail, to open any folder, any mail, reply, etc; for finance, to see any different view of the charts), whereas Gmail and Google Finance are usually one-time opened pages.
The same issue is in place at MSN, where almost 2/3's of their traffic is mail based. Look at the Alexa ratings under "Traffic Details", you'll see what I'm talking about. Even if you point to Nielsen's Net Ratings, I have to assume they are running under a similar system. Take that into account before you point to Alexa ratings or "market share" next time. - benmarvin, on 10/12/2007, -0/+0Finally!!!!
- yanivalfasy, on 10/12/2007, -2/+0dugg. Should have happened a long time ago. Big step for Google Finance and maybe Google stock.
- pcgeek101, on 10/12/2007, -4/+2Their stock is up about $5 today over $500. I can't afford any put options though :( They're frickin' expensive, and the stock price is bound to drop in the next couple days.
- greenbowlball, on 10/12/2007, -5/+1anyone else think between appl and goog's sucess, being microsoft is going to get much more difficult.
- VANOS, on 10/12/2007, -7/+2From tech. analysis, the stochatics, MACD, and maybe even the oscillators are both showing it's going up for the next few days, at least. Plus, there is a 85% chance that it will at least hit 520 by June... I'm long.
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