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.
Contact [email protected] for any questions or corrections.
Top Gaining Stocks
Top Losing Stocks