Thomson Reuters suspends early release of consumer data
Rubbish !!!! They only suspendedit, they did not cancelit! It is just a matter of time when will they do it again
Rubbish !!!! They only suspendedit, they did not cancelit! It is just a matter of time when will they do it again
They are just covering traces now. Since it became widely known that they are selling news in advanced they are just growing. Their net growth in June for forex alone was 5% compared to May. So much about "bad publicity"
They are just covering traces now. Since it became widely known that they are selling news in advanced they are just growing. Their net growth in June for forex alone was 5% compared to May. So much about "bad publicity"
Oh no, they are not going to stop now when they already have a known price list 
It is just a matter of how much are we going to pay to hft freaks that are going to skin us using those milliseconds that Reuters "suspended"
what happened to the free and fair market? 
and where do we sign up 
what happened to the free and fair market?
and where do we sign up Maybe they give us a discount (if we buy microseconds )
News feed to high-frequency traders cut after Warren Buffett talks
Business Wire, a company that publishes and distributes corporate earnings and other news releases, will stop providing its service directly to high frequency trading firms.
The decision comes after an article in the Wall Street Journal earlier this month highlighted the advantage that high-frequency trading firms had gained by getting the information directly from Business Wire, rather than accessing it through financial news wires such as ThomsonReuters, Dow Jones and Bloomberg.
High-frequency traders typically use computer programs to scan corporate earnings and then place buy or sell orders within fractions of a second. By bypassing the newswires and getting the corporate releases directly, the traders were gaining a crucial advantage.
Even though the direct distribution of its electronic feeds to a “handful” of trading firms was not illegal, the company said it was concerned about its reputation. Business Wire made the decision after consulting with Warren Buffett, the chairman of Berkshire Hathaway, which owns the company.
“Our most important assets are our reputation and the trust we have earned from our clients and other market participants for more than a half century,” Cathy Baron Tamraz, Business Wire’s chief executive, said in a statement Thursday.
Business Wire’s move was welcomed by New York Attorney General Eric Schneiderman, who said the decision was a victory in the effort to eliminate advance trading on market-moving information.
“High-frequency traders who drain the value out of market-moving information in the milliseconds before it becomes available to other investors erode confidence in our markets and skim from the rest of the investing public,” Schneiderman said in a statement.
Buffet is the owner f the company that is selling data to HFT traders (ant who knows else) before the news were released? Well that explains a lot of things. So much about becoming rich honestly
Buffet is the owner f the company that is selling data to HFT traders (ant who knows else) before the news were released? Well that explains a lot of things. So much about becoming rich honestly
Such a nice old man, and it turns out that he is naughty :):)
Such a nice old man, and it turns out that he is naughty
:):)A couple of years ago he was asked if he is investing in forex, and he told yes but he did not want to reveal in which symbols. Now it is obvious that he was investing in news sales for forex. Frankly, I am disappointed
A couple of years ago he was asked if he is investing in forex, and he told yes but he did not want to reveal in which symbols. Now it is obvious that he was investing in news sales for forex. Frankly, I am disappointed
He was playing a sure thing (and he is probably doing that all the time - insider information).
I mean : wouldn't we all do that if we could?
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Thomson Reuters Corp (TRI.TO) (TRI.N) said it would suspend its early release of the widely watched Thomson Reuters/University of Michigan consumer sentiment data to a small group of clients.
The arrangement is the subject of a probe by New York Attorney General Eric Schneiderman, whose office requested the suspension.
The news and information company has an agreement with the University of Michigan to allow some of its clients to receive the data 2 seconds before its other clients who get the survey five minutes ahead of a wider public release.
Schneiderman said in a statement that "the securities markets should be a level playing field for all investors and the early release of market-moving survey data undermines fair play in the markets."
Lemuel Brewster, a spokesman for Thomson Reuters, said the company's approach to releasing data first to fee-paying clients is a widely accepted practice.
"Thomson Reuters strongly believes that news and information companies can legally distribute non-governmental data and exclusive news through services provided to fee-paying subscribers," he said. "It is widely understood that news and information companies compete for exclusive news and differentiated content to help their customers make better informed trading and investment decisions."
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