News Summary: Conference Board sees data diversionJune 20, 2013 @ 3:24 pm
(AP) - POSSIBLE DATA DIVERSION: The Conference Board will no longer provide its economic reports in advance to news organizations because it suspects the data is being diverted early to computer-driven trading systems, which can unfairly profit from it.
END TO EARLY ACCESS: The private research group has long provided the monthly data to reporters 30 minutes before its public release, allowing them to prepare news reports ahead of the 10 a.m. Eastern time release. Starting Tuesday, the data will be released to everyone simultaneously.
INADVERTENT BREACH: The Conference Board said one news organization approached it and said it had inadvertently breached the embargo by fractions of a second by channeling the data to a trading system's computer prematurely. The breach resulted from a mistiming of the computer's clock, board officials said.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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