Comment Re:Arbitrage (Score 1) 382
http://www.theverge.com/2013/1...
"One example occurred earlier this month, when the Federal Reserve announced its plans to continue a long-running bond-buying program. The news was announced in a lockdown room at Fed headquarters in Washington, DC, and allowed to leave the room at exactly 2:00PM EST, timed to the millisecond. Somehow, markets in Chicago began trading on the information instantaneously, without waiting the few milliseconds that it would have taken for information to travel via microwave. Clearly someone leaked the information — but so far, they're getting off scott free."