SEC's EDGAR System Gives HFT Subscribers Data Advantage, Says StudyMark Melin
High frequency traders are receiving market moving information from the U.S. Securities and Exchange Commission before the general public, a new academic study concludes.
HFT firms who subscribe to the SEC’s direct access feeds of company filings may receive information up to one minute before that information is posted to the regulator’s web site, the study, first published in the Wall Street Journal, noted.
“If milliseconds . . .
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