Bank of England and Fed Examine Traders’ Access to Audio Feeds

Bank of England and Fed Examine Traders’ Access to Audio Feeds – Financial Times

The US and UK central banks are scrutinising their broadcast feeds for potential weak spots after the revelation that some traders and hedge funds may have been paying for early audio access to the Bank of England’s press conferences.

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Hedge Funds Eavesdrop on Vital Bank of England Briefings

Hedge Funds Eavesdrop on Vital Bank of England Briefings – The Times

Following inquiries by The Times, the Bank has discovered that one of its suppliers has been sending an audio feed of its press conferences to high-speed traders who hope to profit by acting on the governor’s comments before the rest of the world.

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