High-speed traders used to pay for quicker access to news of corporate earnings, and use the momentary advantage to make money. Not at Business Wire, or at least not now.
“Traders’ Access to Releases Curbed,” Wall Street Journal, February 21, 2014 C1 http://on.wsj.com/MhGBHK
Was it the fact that some traders get the information sooner than others, or was it that Berkshire Hathaway was profiting from the profiting? Can we ever level the playing field enough that someone won’t get information a little sooner than someone else? Hasn’t this always been the case?
Isn’t part of the value of information the fact that you have it sooner than someone else?