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Multiple Choice

Which statement about delayed data is true?

Delayed data is market information shown with a time lag behind real time. Because the data isn’t current, vendors can offer it at little to no cost while charging for real-time feeds. That’s why the statement that most exchanges provide delayed data free of charge is true: it makes broad access possible without the expense of immediate quotes. The other ideas don’t fit what actually happens: delayed data isn’t never free—quite the opposite, it’s commonly free; retail access is typically available for delayed data; and delayed data isn’t more valuable than real-time—real-time data carries the timeliness that traders rely on, so it’s generally more valuable for actionable trading decisions.

Delayed data is market information shown with a time lag behind real time. Because the data isn’t current, vendors can offer it at little to no cost while charging for real-time feeds. That’s why the statement that most exchanges provide delayed data free of charge is true: it makes broad access possible without the expense of immediate quotes.

The other ideas don’t fit what actually happens: delayed data isn’t never free—quite the opposite, it’s commonly free; retail access is typically available for delayed data; and delayed data isn’t more valuable than real-time—real-time data carries the timeliness that traders rely on, so it’s generally more valuable for actionable trading decisions.