London Stock Exchange real-time data available on GoogleFebruary 21, 2012 - 19:55 AMT PanARMENIAN.Net - The London Stock Exchange Group is to provide real-time market data to Google, bolstering the search-engine's Google Finance offering with free access to London prices previously only available with a delay, Reuters reported. The move, aimed at retail investors, demonstrates the growing power of the internet to deliver data available to subscribers of specialist services. The deal only covers the last price traded. LSE will not provide data such as bid-offer spreads on which professional traders depend. Google already provides real-time share data from the New York Stock Exchange, the Nasdaq, and exchanges in China and India. Google Finance, which competes with a similar offering from smaller rival Yahoo, is funded by advertising. Other share prices are provided with a 15 minute delay. "The addition of real-time quotes from the London Stock Exchange and Borsa Italiana will enable our users to better monitor market changes, manage their portfolios and track economic and financial developments in Europe," Maxim Edelman of Google Strategic Partnerships said in a statement on Tuesday. Edelman had already announced the new real-time quote services from the London Stock Exchange, Germany's Deutsche Boerse and Italy's Borsa Italiana on the Google Finance blog (http://googlefinanceblog.blogspot.com). The LSE's data business is its fastest-growing unit. Its revenues rose 24 percent to 52.8 million pounds ($83.8 million) last quarter, accounting for 27 percent of group revenue. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |