Hedge funds eavesdrop on Bank of England briefings

High-frequency trading can give funds the edge over rivals

bank of england
Bank of England
(Image credit: (Leon Neal/Getty Images))

Hedge funds have been snooping on the Bank of England’s press conferences before they are officially broadcast, in an “embarrassing” development for the central bank.

The BoE has discovered that one of its suppliers has been leaking an audio feed of its press conferences to high-speed traders who hope to profit by responding to the governor’s comments before their rivals.

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