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HFT dealing turns sour for Thomson Reuters as Bloomberg takes on consumer confidence data

2014-10-09 06:23:15| IT Services - Topix.net

An agreement by the University of Michigan to distribute its market moving consumer confidence survey via Bloomberg terminals, rather than exclusively through Thomson Reuters, has been applauded by the New York Attorney General as a victory in his prolonged battle against high frequency trading. In July last year, Attorney General Schneiderman announced an agreement with Thomson Reuters to discontinue the practice of providing high-frequency traders with access to the Michigan consumer survey results prior to the release of that information to its other subscribers.

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