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The faster you want the data, the more it costs

Tom McKay

Livewire Markets

The faster you want the data, the more it costs. High frequency trading firms have been paying thousands of dollars a month to receive direct access to market moving news before individual investors can get their hands on it. Business Wire (owned by Warren Buffett's Berkshire Hathaway) distributes corporate-earnings releases and economic reports often within 50 milliseconds whereas Bloomberg, Dow Jones and Thomson Reuters are up to four times slower, giving subscribers to Business Wire a significant advantage over the market. Joseph Spano, founder of Spano Trading, told the WSJ that an advantage of subscribing to a wire service is that news releases are automatically ingested into the firm's computers.The faster you want the data, the more it costs... I guess this is capitalism. (VIEW LINK)


Tom McKay
Managing Director and Co-Founder
Livewire Markets

Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.

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