Some traders got 'no taper' decision news earlier
Here they go again. They will never stop and things like these are going to ruin forex for regular traders
How much for a millisecond this time ? 
:):)
eurofreek:
How much for a millisecond this time ? :):)
How much for a millisecond this time ?
:):)Even a fraction of a % on that $660 million is enough for a couple of milliseconds. We simply do not have a chance
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In the wake of an unusual trading pattern after the Federal Reserve's decision to continue economic stimulus last week, Fed officials have contacted certain news organizations to discuss rules and procedures for the central bank's advance release of sensitive information, CNBC has learned.
On Sept. 18, the Federal Reserve shocked the financial world with its decision not to scale back its level of support to the economy as most market participants expected.
Financial markets reacted at the speed of light, pushing stocks dramatically higher in just moments. But it looks like the speed of light just wasn't fast enough for some traders.
Some traders in Chicago appear to have had access to the Fed's decision before anyone else in the Windy City. According to trading data reviewed by CNBC, they began buying in Chicago-traded assets just before others in that city could possibly have been aware of the Fed's decision. By one estimate,as much as $600 million in assets changed hands in the milliseconds before most other traders in Chicago could learn of the Fed's September surprise-a sharp contrast to the very low volume of trading ahead of the Fed's decision.
Eric Hunsader, founder of the market analysis firm Nanex, first spotted the unusual trading pattern and alerted CNBC to it.
It's not exactly clear how the information got to Chicago markets so quickly. But the Federal Reserve is concerned enough about the unusual event that it has begun discussions with news organizations. In response to specific questions about the unusual trading activity, the Fed released a statement to CNBC saying, "We will be conducting follow-up conversations with news organizations to ensure our procedures are completely understood."
And, the Fed said, "As is generally the case with other releases of market-sensitive information by government agencies, news organizations receiving embargoed information from the Federal Reserve agree in writing to make no public use of the information until the time set for its release." A Federal Reserve spokesman declined to name the organizations it is in discussions with. The spokesman did not respond on the record when asked whether any of the organizations broke the Fed's rules.
The precise timing of the release is crucial because information can only travel as fast as the speed of light-a physical reality first laid out by Albert Einstein. Information-like a Fed decision-released in Washington takes as much as 7 milliseconds to travel to Chicago, where futures and other assets are traded. And because high-speed trading firms are now able to execute trades at the millisecond level, there is a brief window of time in which information can be publicly available in Washington but is still traveling to Chicago, where computers won't receive it until milliseconds later.
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