Regulators Look Into Trades After FOMC Statement

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Sept. 24 (Bloomberg) -- U.S. regulators are looking into how trading in financial instruments linked to gold in New York and Chicago occurred so quickly after the release of a Federal Reserve statement in Washington last week. Peter Cook reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Help us understand what the fed is actually looking at.

What happened here, and i was there at the procedures last week when they reached the decision at 2:15 last week.

What they are looking at is something that was first spotted by a group that looks at high- frequency trading.

Right after 2:00, one millisecond after 2:00, there was some unusual trading in gold futures as well as some etf's link to gold.

Nanex has determined take seven milliseconds to transmit to the traders in chicago.

That suggests that the information was released sooner.

It would take longer to open the attachment and read it and actually send it out.

There was a red flag there.

Others were talking about it as well.

The fed is asking news

This text has been automatically generated. It may not be 100% accurate.


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