Yahoo Plans to License Financial Data

It looks like Yahoo plans to open up a new revenue stream by licensing stock quotes and other financial data.

ZDNet’s story: Yahoo to feed its own stock ticker service and the Marketwatch.com story: Yahoo Finance builds licensing biz, offer details.

Yahoo! has been using financial data (quotes, charts, etc.) supplied by Reuters. Now, Yahoo will collect and disseminate this type of data using direct feeds from various stock exchanges and other sources. The service will be called “Quotes from Yahoo Finance.”

“This is just about our taking control of the data business ourselves and extending that to other platforms,” said Craig Forman, Yahoo’s vice president of information and finance.

Forbes has said that they will license data from the “Quotes from Yahoo Finance” service.

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