S.E.C. Begins Inquiry of Thomson Reuters Data
Posted: 6/28/2013 | By: Peter Lattman and Nathaniel Popper | New York Times
Federal securities regulators have opened an inquiry into the media company Thomson Reuters and how it releases closely watched manufacturing data to its trading clients, a move that highlights the government’s continued effort to understand the high-speed trading systems that have transformed Wall Street.
Officials from the Securities and Exchange Commission are investigating why certain clients of Thomson Reuters received and traded on the Institute of Supply Management’s manufacturing data ahead of its official release earlier this month.