Early access to market-moving data “routine”: WSJ

The Wall Street Journal reports on a gap in U.S. law that allows traders to get early access to market-moving data.

Read: High-speed traders cash in on split-second advantage

“Economic reports from public universities, trade groups and other nongovernmental organizations can move markets as surely as official data from the U.S. government. But unlike government reports, where pains are taken to make certain no one gets them ahead of time, few rules control release of nongovernmental economic reports. Unknown to many investors, selling early access is routine,” the report explains.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.