US exploring ways to modify release of sensitive economic data - WSJ
Oct 11 (Reuters) - Federal officials are exploring ways to modify how the government releases sensitive economic data, in an effort to bring the system in line with fast-moving financial markets, the Wall Street Journal reported, citing people familiar with the discussions.
Officials were driven by concerns that high-speed trading firms can trade on leaked market-moving numbers before other investors, the Journal said.
The discussions explored various options, including eliminating the current system, which releases data such as unemployment rate and productivity numbers via embargoed news releases to the media, according to the paper.
Officials are also exploring publishing economic data directly on the Internet, and building a single technologically secure facility for all government agencies to distribute data.
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters want power now |
- Record cold, ice grip U.S.; snow heads East
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Putin dissolves state news agency, tightens grip on Russia media