SEC Probes Thomson Reuters’ Early Release Of ISM Data

The Securities and Exchange Commission (SEC) is investigating the relationship between Thomson Reuters and The Institute for Supply Management, following a report of a data leak. The market regulator is looking into why certain clients of Thomson Reuters received and traded on the ISM’s manufacturing data ahead of its official release earlier this month. The two entities have an arrangement to publish market-moving manufacturing data that is generated by ISM and published to high-speed data clients by Thomson Reuters. Earlier this month, ISM’s influential manufacturing data was inadvertently sent out early to its high-speed clients. These small groups of traders…