The US Bureau of Labor Statistics has restricted the pre-release of Labor Dept. economic data announcements to prevent pre-loading of potentially market-moving data into accredited news organizations’ clients’ trading algorithms, giving them an unfair advantage. According to the Office of the Inspector General, these news organizations were “are able to profit from their presence in the lock-up by selling, to traders, high speed data feeds of economic data formatted for computerized algorithmic trading. Because these news organizations have pre-release access, they are able to pre-load the data … allowing their clients to get this information faster than the general public.”
A-Team Insight Briefs
US Restricts Pre-Release of Economic Data to Thwart ‘Unfair’ Early Algo Access
Recorded Webinar: Market data management, licensing and administration in the post-Covid environment
Market data administration has always been a challenge. For many firms, keeping tabs on permissioning and entitlements, compliance with licensing agreements, and reconciling all that with increasingly complex invoices requires a significant dedicated resource with a clear understanding of the issues involved. As if that weren’t enough, things got more challenging for these teams in...
Hot on the heels of its acquisition of Fixnetix earlier this year, Belfast-based trading IT and infrastructure provider Options Technology has reached an agreement to acquire market data vendor ACTIV Financial for an undisclosed sum. The deal, aimed to further support Options’ growth strategy through the addition of ACTIV’s real-time, delayed, historical and enriched multi-asset...
DMS London brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.
In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...