US Government Tries to Stop Early Data Releases
Several agencies of the US government, including the Department of Labor and the Energy Information Administration, are taking steps to prevent the early release of market-moving data such as the monthly unemployment report and weekly energy reports. Getting such information…
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Several agencies of the US government, including the Department of Labor and the Energy Information Administration, are taking steps to prevent the early release of market-moving data such as the monthly unemployment report and weekly energy reports. Getting such information before it becomes generally available can give traders an unfair advantage in the equities and commodities markets.
According to a report from CNBC.com, the Labor Department has asked Sandia National Laboratories to review the department’s procedures for releasing the monthly unemployment data. Sandia Labs is the agency responsible for protecting the safety of the country’s nuclear weapons stockpile.
The EIA has already blocked some IP addresses that were trying to overwhelm the agency’s servers once their own computers had received the weekly energy reports.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
