It only takes two seconds to make a killing on today's stock markets
Two seconds seems like an insignificant amount of time. But on today's stock markets it could be worth many millions of dollars, with powerful computers programmed to buy or sell stocks moments after...
View ArticleRegulators ponder value to traders of a couple of seconds
The regular release of a potentially market-moving economic survey two seconds early to deep-pocketed traders has triggered an investigation — and a flurry of questions. This week, New York Attorney...
View ArticleThomson Reuters suspends early client access to consumer survey data
Thomson Reuters will suspend its practice of distributing results from consumer surveys a couple seconds early to clients who pay the news and business information provider for advance access. A...
View ArticleRegulators Examining Sales of Early Financial Data
> The financial industry is bracing for new scrutiny of services that give trading firms an advance look at market-moving data and news. The New York attorney general’s office has been taking a...
View ArticleWall Street Rips Off 'The Sting'
Hilarious corruption story hit the news wires this week. It's actually a two-part joke. Part one is that Thomson Reuters got slapped in the face by New York State Attorney General Eric Schneiderman...
View ArticleThomson Reuters Suspends Early Distribution of Consumer Data
Thomson Reuters said it would suspend its early provision to a small group of clients of the widely watched Thomson Reuters/University of Michigan consumer sentiment data at the request of the New...
View ArticleThomson Reuters suspends sale of advance access to consumer data
Thomson Reuters will suspend its practice of distributing results from consumer surveys a couple of seconds early to clients who pay the news and business information provider for advance access. A...
View ArticleThe Optics Of Selling Financial Information
Thomson Reuters (TRI) (my employer, but I’m not speaking on their behalf here) pays the University of Michigan a seven-figure sum every year. In return, it gets the distribution rights for the...
View ArticleFront-Running the Release of Market Data
Jared Bernstein is a senior fellow at the Center on Budget and Policy Priorities in Washington and a former chief economist to Vice President Joseph R. Biden Jr. Today’s Economist Perspectives from...
View ArticleThomson Reuters to halt advance data release
Thomson Reuters will suspend its practice of distributing results from consumer surveys a couple seconds early to clients who pay the news and business information provider for advance access. A...
View ArticleThomson Reuters ends early access to key market data
By Hibah Yousuf @CNNMoneyInvest July 8, 2013: 1:48 PM ET Thomson Reuters said it will suspend the early distribution of its consumer sentiment survey while the New York attorney general conducts its...
View ArticleSelling a Sneak Peak at Consumer Data Is Good Business
In most businesses, it's normal to charge more for superior products and offer discounts for less valuable ones. Airlines now sell you the "privilege" of early boarding. So it makes sense that Thomson...
View ArticleThomson Reuters suspends early release of consumer confidence data
WASHINGTON — Thomson Reuters Corp. said Monday it would suspend the early access it sells to some clients of its twice-monthly consumer confidence index. The company, which conducts the widely watched...
View ArticleEarly access to consumer sentiment report halted
Story Highlights Results from consumer surveys will no longer go early to high-frequency tradersHigh-speed computers are able to make trades within the two-second gapReports also not being distributed...
View ArticleThomson Reuters to Suspend Early Peeks at Key Index
> Over the last several years, an exclusive group of investors has paid a steep premium to receive the results of a closely watched economic survey a full two seconds before its broader release....
View ArticleThomson Reuters to Suspend Early Data Survey Release
Thomson Reuters Corp. (TRI) will suspend the early release of a consumer survey to select traders as part of an agreement with the New York Attorney General’s office, which is probing the matter. New...
View ArticleTHOMSON REUTERS TO SUSPEND EARLY RELEASE OF RESULTS
Thomson Reuters will suspend its practice of distributing results from consumer surveys a couple seconds early to clients who pay the news and business information provider for advance access. A...
View ArticleThomson Reuters suspends early data access
Thomson Reuters will suspend its practice of distributing results from consumer surveys a couple seconds early to clients who pay the news and business information provider for advance access. A...
View ArticleNY AG's Early Data Probe Goes Beyond Reuters
An investigation by New York Attorney General Eric Schneiderman, which on Monday forced Thomson Reuters to suspend its practice of releasing market moving data early to paying clients, extends well...
View ArticleReuters feeds the robots two-second scoops
The University of Michigan’s market-moving reports on consumer confidence used to only available via a $4,750 annual subscription paid to the university. About 150 groups subscribed, raising concerns...
View ArticleWall Street's Hottest Address? K Street
In computerized high-speed trading, as in real estate, location is everything. On Wall Street, high-speed firms pay fees to locate their computers in the same data centers that house stock exchange...
View ArticleHigh Frequency Insider Trading - And It's Completely Legal
There is yet one more inside game on Wall Street to which Mom and Pop investors are not invited. Retail investors, it turns out, are being damaged by trades based on classified, private information...
View ArticlePossibly Unfair, but Not Necessarily Fraudulent
> When someone has access to a service that is not equally available to others, the immediate response is often to say, “That’s not fair!” And when the securities markets are involved, the first...
View ArticleBuying an edge: The high-tech race for economic data pays
The once-sleepy process of releasing economic data has quietly gotten a lot more complicated, and a lot more lucrative, than many people might think. Take the relatively obscure National Association...
View ArticleConference Board Ends Embargoes After Leaks
The Conference Board, a research group that publishes market-moving economic data, announced Thursday that it will stop the practice of giving members of the news media early information as a result of...
View ArticleSEC Investigating Early Release of Reuters, ISM Data
The SEC is investigating the relationship between the news organization Thomson Reuters and the Institute for Supply Management, CNBC has learned. The two entities join forces to publish market-moving...
View ArticleFake Tweet Causes 4 Minutes of Panic on Trading Floors
The false Twitter alert from the Associated Press which sent the Dow Jones Industrial Average down more than 140 points caused brief panic on the trading floors around Wall Street. "It was panic," said...
View ArticleHigh-Frequency Trading Is Bad For Profits, Including Those Of High-Speed...
High-frequency trading is bad for everybody, including high-frequency traders, according to new research from a university that produces economic reports that are sold early to high-frequency traders....
View Article>IT FINALLY COMES OUT: Elite Traders Are Getting Access To Data Before...
In the past few days people have finally started paying attention to a funny thing going on in the market. Time after time ahead of major news, there seems to be someone who knows something before it...
View ArticleUnraveling Monday's Early Data Release To Traders
Monday's market-moving ISM manufacturing data was inadvertently sent early by Thomson Reuters to a select group of high frequency traders, many of whom immediately traded on the information before it...
View ArticleTraders Pay for an Early Peek at Key Data
By BRODY MULLINS, MICHAEL ROTHFELD,TOM MCGINTY and JENNY STRASBURG On the morning of March 15, stocks stumbled on news that a key reading of consumer confidence was unexpectedly low. One group of...
View ArticleReuters Admits It Accidentally Leaked Key Market Data To High Frequency...
Back on Monday, following the huge miss in the Manufacturing ISM, in collaboration with Nanex, we exposed yet another instance of blatant headline data frontrunning in "15 Milliseconds Of HFT Fame:...
View ArticleThompson Reuters Is Giving An Elite Group Of Clients An Advantage On...
Rising Rates Scare Borrowers Into Action Cramer: 'Single Greatest' Housing Play Thomson Reuters Gives Clients Data Early Byron Wien Expects ‘Trouble Ahead’ 3-D Printing Gets a Place on Amazon A closely...
View ArticleEarly Data Underscores Moral, Technology Dilemma
Do our financial markets need a disclosure statement: Warning! This market rigged for the highest bidder? The question arises with the revelation from my colleague Eamon Javers that an ultra-elite...
View ArticleThomson Reuters Gives Elite Traders Early Advantage
A closely watched consumer confidence number that routinely moves markets upon release is accessed by an elite group of traders, for a fee, a full two seconds before its official release, according to...
View ArticleThomson Reuters and Jumping the Gun on Wall Street
A sprinter who jumps the gun gets disqualified from the race. But selling gun-jumping technology to Wall Street is big business for suppliers of economic data. Wall Street banks are paying Thomson...
View ArticleThe WSJ leads on algobots and the press
The Wall Street Journal has been doing terrific reporting on the unfair advantages high-frequency traders are getting from news organizations. Its latest page-one story looks at how a Deutsche Börse...
View ArticleREFILE-Thomson Reuters suspends early distribution of consumer data
July 8 (Reuters) - Thomson Reuters Corp said it would suspend its early provision to a small group of clients of the widely watched Thomson Reuters/University of Michigan consumer sentiment data at the...
View ArticleLong Arm of the Law Catches Up to High-Speed Trading: Attorney General Eric...
At the Bloomberg Link Markets 50 Summit, New York State Attorney General Eric Schneiderman made a point that he has set out to level the playing field for all investors versus high-speed trading in the...
View Article16 Major Firms May Have Received Early Data From Thomson Reuters
Readers may recall an ugly story that broke earlier this summer, when New York State Attorney General Eric Schneiderman rebuked the news/business information firm Thomson Reuters for selling access to...
View ArticleIT FINALLY COMES OUT: Elite Traders Are Getting Access To Data Before...
In the past few days people have finally started paying attention to a funny thing going on in the market. Time after time ahead of major news, there seems to be someone who knows something before it...
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