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As a full-time private stock trader, breaking news plays are very important for me.
Unfortunately though, the "real time" news headlines I get through my quote provider PC Quote is a total joke. Their feed is through Comtex and Dow Jones, and there is always a delay of at least 5 to 20 minutes after the news actually breaks. The best resource I could find on the web is Newsalert, they do a pretty good job and very comprehensive and free, but even they are delayed by 2 to 5 minutes I would say (where even a 1 minute delay means thousands of $$$). So my questions are as follows:

What do the real professionals use as their news feed? Reuters? Bloomberg?
What are the costs associated with these? Does one need a special terminal and dedicated feed? Are there any REAL real time resources on the internet?

Thank you in advance for any info and/or insight.

Best regards,

Levent