Thomson Reuters Halts Early Distribution Of Consumer Data

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Mani
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Thomson Reuters Pakistan

Thomson Reuters Corporation (NYSE:TRI) (TSE:TRI) will suspend the early release of the University of Michigan consumer data to select traders, as part of an agreement with New York Attorney General’s office. The news and information company has an arrangement with the University of Michigan to allow some of its clients paying extra to receive the data two seconds before others. New York Attorney General Eric Schneiderman is investigating whether release of Thomson Reuters / University of Michigan index of consumer sentiment to select few ahead of others violates any state securities laws. The bimonthly data is distinct from the consumer…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports