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At least three banks reportedly received advanced information on Wednesday’s anticipated payroll revisions, while the rest of Wall Street experienced an unexpected delay. This situation has raised concerns about potential leaks of market-moving economic statistics, which are not supposed to be disclosed early due to the significant financial advantage they could confer. The incident has sparked discussions about whether serious rules were breached if the information was leaked to trading teams.
No need for me to add any comment to this: At least three banks managed to get advanced word on Wednesday’s hotly anticipated payroll numbers while the rest of Wall Street was kept waiting by an unexpected delay. https://t.co/j4gLjojwKZ via @economics
Econ statistics are market-moving news. No one's supposed to get those numbers early, because they could make millions of dollars with that advantage. Pretty sure this "leak" breaks some serious rules if those research teams leaked it, even a little, to anyone on the trading… https://t.co/2rZPsm18pY
Banks Obtained Key Jobs Revisions Data While Report Was Delayed https://t.co/v3ib6JornC
