“The Federal Reserve says it is contacting news organizations to discuss the rules surrounding lock up procedures and the release of market moving information from the Federal Reserve’s headquarters in Washington.  But the leading expert on millisecond level trading says he is focusing his attention on a certain type of news organization – those that offer so-called ‘low latency’ services to feed market moving data at high speeds directly into computerized trading systems.  A key question is whether or not any organization transmitted information out of the lockup room and into its own computer system before 2 p.m.”

http://www.cnbc.com/id/101056168

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