SEC Investigating Reuters Over Manufacturing Data Leak

Law360, Los Angeles (June 27, 2013, 9:33 PM EDT) -- The U.S. Securities and Exchange Commission is investigating why high-speed-data clients of Thomson Reuters Corp. received and traded on a Institute of Supply Management manufacturing report earlier this month, milliseconds before the media organization officially released the information, according to reports.

On June 3, a handful of traders allegedly used sophisticated computer trading systems to make quick bets against the manufacturing market after receiving ISM data shortly before other traders on Wall Street got the same less-than-favorable news, according to The New York Times.

ISM reported...
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