More evidence that Thomson Reuters data may be leaking out earlier than it’s meant to

See on Scoop.itInformation Technology

High-frequency traders have a distinct advantage in the way Thomson Reuters distributes its University of Michigan Consumer Sentiment Index, a monthly report compiled by Thomson Reuters and the university. In court documents filed last week, the data provider revealed that it distributes data to “‘ultra-low latency’ subscribers” at 9:54:58 AM ET. That’s a full two seconds before most of its subscribers get access to the data at 9:55:00.

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