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16 Major Firms May Have Received Early Data From Thomson Reuters

BIZCATALYST 360°
BY BIZCATALYST 360°

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 key economic survey data two seconds early to high-frequency algorithmic traders. The story strongly suggested that some Thomson Reuters customers were using their two-second head start an eternity in the modern world of computerized trading to front-run the markets.

via 16 Major Firms May Have Received Early Data From Thomson Reuters | Matt Taibbi | Rolling Stone.

 

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