A.G. Schneiderman Applauds Decision by Business Wire to Prohibit High-Frequency Traders from Purchasing Direct News Feed

Business Wire issued a press release today that we will no longer allow high frequency trading firms to license direct feeds. We’re pleased to see NY Attorney General Schneiderman’s reaction to the decision, stating: “I strongly encourage other participants in this industry to follow the leadership of companies like Business Wire and join us in the effort to level the playing field between high-frequency traders and the rest of the investing public.”

To quote our CEO, Cathy Baron Tamraz, “Our most important assets are our reputation and the trust we have earned from our clients and other market participants for more than a half century. Therefore, we have pro-actively made the decision to terminate these feeds.”

(note: the link to the NY AG press release has been updated)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: