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Onewaystreet brought up the notion that it's not insider trading if you wait a "reasonable" time after information is made public. Given that the appearance of
by BWStearns 12y ago
Onewaystreet brought up the notion that it's not insider trading if you wait a "reasonable" time after information is made public. Given that the appearance of decent news-reading bots that can act on the <1s timeframe it would seem that reasonable time is essentially the instant that the news hits the wires. Would it be legal to set up a platform where insiders could pre-stage orders with triggers to execute after waiting for the requisite 1 second after news breaks?