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What is the difference between real-time and delayed quotes?

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What is the difference between real-time and delayed quotes?

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Real-time quotes are just what they appear to be: securities quotes at current market prices. You may obtain real-time quotes for listed and over-the-counter stocks on most major exchanges. Each real-time quote you request will be deducted from your quote bank. Delayed quotes lag the market by 20 minutes for NYSE and AMEX quotes. All other delayed quotes lag the market by at least 15 minutes. We suggest that you check a real-time quote when placing an order.

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Real-time quotes are real market prices at that time. Delayed quotes are quotes that are delayed by 20 minutes.

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