4 ms·
The data in question is not the results of the orange harvest, it's more like a (very accurate) weather report that has a predictable impact on the orange harve
by nandemo 13y ago
The data in question is not the results of the orange harvest, it's more like a (very accurate) weather report that has a predictable impact on the orange harvest.
It's basically market research. You can't equate being better at predicting future prices with "front-running".
It's possible that what Reuters was doing is illegal on other grounds, though.
- cma 13y agoIt is market research by the publicly-funded University of Michigan; imagine if taxpayer-funded NOAA gave first rights to all their weather data to Goldman Sachs.