Top

Are sensitive U.S. economic reports being leaked?

May 4, 2016

Via: CNN

Traders that make big, profitable bets right before the release of market-moving economic data are either really smart… or cheating the system.

A new academic study shows there is significant market reaction in the 30 minutes before the release of various U.S. macroeconomic reports, such as GDP, housing and ISM reports.

The paper — published this week on the European Central Bank website — suggests traders are either making really smart predictions right ahead of the data releases, or they’re getting leaked information.

Read More on CNN