News Formal

Market-moving audio feed leaked to traders from Bank of England

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

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

The Bank of England in the City of London, the UK. Picture: REUTERS/TOBY MELVILLE

Briefings by BOE governor Mark Carney and other central bank officials often move the prices of assets such as sterling and British government bonds, and early access to them could potentially allow traders to make millions. “This wholly unacceptable use of the audio feed was without the Bank’s knowledge or consent, and is being investigated further,” the BOE said in a statement, without naming the supplier.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE nears four-month highs as volumes dwindleDespite a slight decline, the index was close to its strongest levels over four months Volumes will dwindle even more when EWC is legal.
Source: BDliveSA - 🏆 12. / 63 Read more »