Business Wire Stops First Access To High-Speed Traders
Business Wire, a subsidiary of Berkshire Hathaway, has decided to stop giving high-speed trading firms direct access to its service.
The firm gave traders a split-second lead on business press releases and, while the practice is legal, critics say it gave high frequency traders an edge over other investors.
Winnie O’Kelley of Bloomberg News joins Here & Now’s Jeremy Hobson to explain.
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