The faster you want the data, the more it costs
The faster you want the data, the more it costs. High frequency trading firms have been paying thousands of dollars a month to receive direct access to market moving news before individual investors can get their hands on it. Business Wire (owned by Warren Buffett's Berkshire Hathaway) distributes corporate-earnings releases and economic reports often within 50 milliseconds whereas Bloomberg, Dow Jones and Thomson Reuters are up to four times slower, giving subscribers to Business Wire a significant advantage over the market. Joseph Spano, founder of Spano Trading, told the WSJ that an advantage of subscribing to a wire service is that news releases are automatically ingested into the firm's computers.The faster you want the data, the more it costs... I guess this is capitalism. (VIEW LINK)