Can information be locked up? Informed trading ahead of macro-news announcements

Can information be locked up? Informed trading ahead of macro-news announcements

Government agencies routinely allow pre-release access to information to accredited news agencies under embargo agreements. Using high-frequency data, we find evidence consistent with informed trading during embargoes of Federal Open Market Committee (FOMC) scheduled announcements. The E-mini Standa...

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Bibliographic Details
Main Authors: BERNILE, Gennaro, HU, Jianfeng, TANG, Yuehua
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
Media Lockup
News Embargo
Informed Trading
FOMC Announcement
MacroeconomicNews
Business
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4482
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5481/viewcontent/JIANFENG2.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/4482
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5481/viewcontent/JIANFENG2.pdf

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