A question which recently came up had to do with getting data releases. A trader looking to trade the news noticed action in the market ahead of the major data releases thought that maybe some folks were getting the data earlier than others. On that basis he asked:
Is there some way to get these releases earlier?
To first address the timing of data releases, the news eventsÂ of primary interest to tradersÂ are the economic data releases and such. Those things are provided to the news organizations ahead of time by the issuing institutions, but embargoed until the official release time. No one would dare release the data early as it could very easily cost them access to the release all together.
As to action ahead of time, since the data isn’t available to anyone outside the embargoed news groups, basically what you’re talking about is traders gambling on what’s coming. It happens more regularly than strikes me as being reasonable. I mean a trader can get really nailed if they’re in the wrong direction when a release comes out. Granted, it’s also possible to make a lot of money too. It really is just gambling, though.