Market-moving audio feed leaked to traders from Bank of England
A rogue supplier has been misusing feeds from press briefings, sending them to high-speed traders who get a five- to eight-second head start
19 December 2019 - 12:43
Bengaluru/London — The Bank of England (BOE) has admitted that a rogue supplier has been misusing feeds from its press briefings since earlier in the year, giving high-speed traders access to potentially market-moving information seconds before rivals.
Following a report in The Times newspaper, Britain’s central bank said on Wednesday that a third-party supplier had accessed a back-up audio feed of some of its news conferences without its consent and supplied it to “other external clients”...
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