Bank of England briefings hacked by hedge funds

Bank of England briefings hacked by hedge funds

The Bank of England's internal systems have been hacked, with hedge funds accessing press conferences before they were broadcast. One of the Bank's suppliers has been sending an audio feed of its press conferences to high-speed traders who hope to profit by placing trades based on the Governor's comments moments before they are announced, the Bank has discovered following an inquiry by The Times. Hedge funds are often high-frequency traders and Governor Mark Carney's comments are known to ...

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