-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 In/7ar8yv3d8SGQ7rUXhlrYr7KZGfbi8Iy8RXVc7AL3dF9i8a35X1av+FOxbtjYy
 yEfAIhg627zznb7XEFO5tw==

<SEC-DOCUMENT>0001181431-03-008170.txt : 20030519
<SEC-HEADER>0001181431-03-008170.hdr.sgml : 20030519
<ACCEPTANCE-DATETIME>20030519165150
ACCESSION NUMBER:		0001181431-03-008170
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030516
FILED AS OF DATE:		20030519

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HYPERFEED TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000745774
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200]
		IRS NUMBER:				363131704
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		300 S WACKER DR
		STREET 2:		STE 300
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3129132848

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH WACKER DR
		STREET 2:		SUITE 300
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PC QUOTE INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PORTER JIM R
		CENTRAL INDEX KEY:			0001096064

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11108
		FILM NUMBER:		03710851

	BUSINESS ADDRESS:	
		STREET 1:		C/O PCQUATE COM INC
		STREET 2:		300 SOUTH WACKER DRIVE STE 300
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			606066688
		BUSINESS PHONE:		3129132800

	MAIL ADDRESS:	
		STREET 1:		C/O PCQUATE COM INC
		STREET 2:		300 SOUTH WACKER DRIVE STE 300
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			606066688
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd9280.xml
<DESCRIPTION>FORM 4 DTD 05/19/2003
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2003-05-16</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000745774</issuerCik>
        <issuerName>HYPERFEED TECHNOLOGIES INC</issuerName>
        <issuerTradingSymbol>HYPR</issuerTradingSymbol></issuer>
<reportingOwner>
<reportingOwnerId>
            <rptOwnerCik>0001096064</rptOwnerCik>
            <rptOwnerName>PORTER JIM R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle></officerTitle>
<otherText></otherText></reportingOwnerRelationship></reportingOwner>
<nonDerivativeSecurity>
<securityTitle>
<value>Common Stock</value></securityTitle>
<transactionDate>
<value>2003-03-31</value></transactionDate>
<deemedExecutionDate>
<value>2003-03-31</value></deemedExecutionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>A</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved></transactionCoding>
<transactionTimeliness>
<value></value></transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>21126</value>
<footnoteId id="F1"/></transactionShares>
<transactionValue>
<value>0.213</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>A</value></transactionAcquiredDisposedCode></transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>416416</value></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></nonDerivativeSecurity>
<nonDerivativeSecurity>
<securityTitle>
<value>Common Stock</value></securityTitle>
<transactionDate>
<value>2003-05-16</value></transactionDate>
<deemedExecutionDate>
<value>2003-05-16</value></deemedExecutionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>P</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved></transactionCoding>
<transactionTimeliness>
<value></value></transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>369686</value></transactionShares>
<transactionValue>
<value>0.2705</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>D</value></transactionAcquiredDisposedCode></transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>786102</value></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></nonDerivativeSecurity>
<footnotes>
<footnote id="F1">These shares were puchased through HyperFeed&apos;s employee stock purchase plan.</footnote></footnotes>
<ownerSignature>
<signatureName>Jim Porter</signatureName>
<signatureDate>2003-05-19</signatureDate></ownerSignature></ownershipDocument>


</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----