When the Institute for Supply Management releases its index of manufacturing activity next week, the headlines from the report will flash to traders at what their eyes tell them is 10:00 am. But unless they are subscribers to a new low-latency feed provided by Thomson Reuters, they’ll actually be getting it late—and depending on how they’re positioned, it could be too late.
The ISM is just one of the private data providers that are increasingly splitting their dissemination policies. high-speed traders, some are sticking to the letter of the law, releasing their information to all comers at the same time, but also providing special opportunities for r super-fast feeds. On the government side, providers of public information are actively trying to avoid playing favorites to this influential crowd of high-frequency traders.