The Fed Contacts News Outlets Over Tapering Leak

The Federal Reserve is contacting news organizations regarding information lock up procedure, essentially confirming recent suspicions that the decision not to taper was leaked by some members of the press. There is no way for trading algorithms in Chicago and New York Suspicions started when Nanex showed that there was an instantaneous reaction from traders when the news was released. Because of the extra distance, there is no way for trading algorithms in Chicago and New York to react at exactly the same moment. There should be at least a couple millisecond delay between the two markets. The immediate suspicion…