Comment Re:Won't work (Score 1) 342
It's not insider trading, because the information is public. He's not the only one getting it, dozens are getting that information at the same time.
No, dozens aren't getting the information at the same time. They get the information when it enters their past light cone, which for some is later than for others.
HFT is a very competitive space with hundreds of firms doing it and competing against each other. They all have access to that information at the same time.
Even if every HFT firm gets the information at once, that doesn't mean that the market (everyone) does and has had time to react before they send their orders. Which is what needs to be shown to prove it's not insider trading.