EXHIBIT 4.7



                                 AMENDMENT #1 TO
           1999 COMBINED INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN

         Pursuant to the duly authorized and executed resolutions of the Board
of Directors of HyperFeed Technologies, Inc. (the "Company"), Section 3 of the
Company's 1999 Combined Incentive and Non-Statutory Stock Option Plan is amended
as follows:

                    3. STOCK SUBJECT TO THE PLAN. Subject to the provisions of
         Section 12 of the Plan, the maximum aggregate number of Shares which
         may be subject to option and sold under the Plan is five million
         Shares. The Shares may be authorized but unissued, or reacquired Common
         Stock.

                       If an Option or Stock Purchase Right expires or becomes
         unexercisable without having been exercised in full, or is surrendered
         pursuant to an Option Exchange Program, the unpurchased Shares which
         were subject thereto shall become available for future grant or sale
         under the Plan (unless the Plan has terminated). However, Shares that
         have actually been issued under the Plan, upon exercise of either an
         Option or Stock Purchase Right, shall not be returned to the Plan and
         shall not become available for future distribution under the Plan,
         except that if Shares of Restricted Stock are repurchased by HyperFeed
         Technologies, Inc. at their original purchase price, such Shares shall
         become available for future grant under the Plan.


                                         HyperFeed Technologies, Inc.

                                         By: /s/ John Juska
                                            ------------------------
                                         Its: Chief Financial Officer