AP News

News Summary: Thomson Reuters derails early access


THE PAUSE: Thomson Reuters said Monday it will suspend its practice of distributing results from consumer surveys a couple seconds early to some of the news and business information provider's clients.

THE DETAILS: Some clients have been paying extra to receive data from a twice-monthly University of Michigan consumer survey two seconds before other clients receive it at 9:55 a.m. This allows high-speed computers to make trades before other clients gain access to the data.

WHY: Thomson Reuters said it suspended the practice at the request of the New York State attorney general's office, which is investigating the issue.


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