Marketwired Shuts Off Traders Amid New York Probe
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Press-release distributor Marketwired agreed to stop letting trading firms buy direct access to its service, joining Berkshire Hathaway Inc.’s Business Wire in ending the practice.
The decision was disclosed today by New York Attorney General Eric Schneiderman, who is cracking down on what he says are special privileges offering high-speed traders unfair advantages over other investors. Schneiderman yesterday announced a probe into whether stock exchanges provide banks and trading firms with faster access to data and richer information than what’s typically available to the public.