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Report: Investors May Have Profited From US Data Leaks

New evidence suggests the playing field in the global financial markets may not be level for all investors. Some investors have been able to earn millions of dollars by making investment decisions on U.S. economic data that may have been leaked, according to a report issued Monday by the European Central Bank (ECB). ECB researchers focused on 21 market-moving announcements between 2008 and 2014. In seven cases, there was evidence of “substantial informed trading” before the data was...

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