Subscribe free to our newsletters via your
. Solar Energy News .




POLITICAL ECONOMY
US beefs up protection of economic data
by Staff Writers
Washington (AFP) July 11, 2012


The US Labor Department's adversaries are "profit-driven, technically sophisticated individuals who may have considerable resources at their disposal."

They may secretly use surveillance equipment and "though they are willing to bend and potentially violate rules and laws, violence is unlikely as an operational method."

But these are not James Bond villains or members of a shadowy criminal collective.

The adversaries, according to one security firm, are more likely stock traders hell-bent on getting economic data as quickly as possible.

After warnings from the FBI and other agencies that sensitive data may be being leaked or transmitted before official release times, the Labor Department contracted Sandia National Laboratories -- a firm that normally helps secure nuclear weapons -- to beef up its defences.

According to a report published this week, sensitive economic data -- such as the monthly unemployment report -- may be vulnerable, particularly when it is released to the press under a time embargo.

The concern, according to Sandia, is "the presence of algorithmic traders" posing as members of the press -- who get the data ahead of the public.

For algorithmic traders, milliseconds count.

Often known as high-frequency traders, they use ultra-fast computer algorithms to buy and sell millions of shares a day, executing deals within split seconds. They today account for more than 50 percent of daily trading volume.

Knowing the US unemployment rate before the rest of the market could be worth big bucks.

As a result of the study, dubbed "CleanSweep," the Labor Department has reviewed which press organisation are allowed to register and will restrict the use of non-Labor Department equipment.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China to focus on reviving economic growth: PM
Beijing (AFP) July 10, 2012
Chinese Premier Wen Jiabao said Tuesday that stabilising growth was a "top priority", after fresh data raised more worries of a slowdown in the world's second-largest economy. "As a big developing country, a certain speed of economic growth must be maintained," Wen said. "Stabilising economic growth is not only a top priority, but also a long-term arduous task." His comments came shortly ... read more


POLITICAL ECONOMY
New biofuel process dramatically improves energy recovery

Denmark can triple its biomass production and improve the environment

Researchers tap into genetic reservoir of heat-loving bacteria

Prairie cordgrass: Highly underrated

POLITICAL ECONOMY
Researchers Develop an Artificial Cerebellum than Enables Robotic Human-like Object Handling

NASA Workshop Discusses How On-Orbit Robotic Satellite-Servicing Becomes Reality

Biomechanical legs are a giant step for robot-kind

Most accurate robotic legs mimic human walking gait

POLITICAL ECONOMY
GL Garrad Hassan releases update of WindFarmer 5.0

U.S moves massive wind farm plan forward

Belgium wind farm a go after EIB loan

Opponents force Wales wind farm hearings

POLITICAL ECONOMY
EU push for car CO2 cuts faces industry, green criticism

China auto sales up 9.9% in June: industry group

1950s flying car for sale

Big German cars favoured in new EU car emission rules

POLITICAL ECONOMY
ASEAN sharply split on South China Sea row

Waste to Watts: Improving Microbial Fuel Cells

Japan, China in fresh territorial row

Israel drills for oil near West Bank

POLITICAL ECONOMY
S. Korea prosecutors charge 32 over nuclear graft

Swiss nuclear safety watchdog gives stations the all-clear

Canada nuclear scientists strike

Japan reactor back to full power after nuke shutdown

POLITICAL ECONOMY
EU ministers launch project bonding effort

Extreme weather conditions cost EU's transport system at least 15 billion euro annually

Europe grid upgrades pegged at $128B

Clean cookstoves unaffordable to Bangladeshi women

POLITICAL ECONOMY
Rising CO2 in atmosphere also speeds carbon loss from forest soils

Taiwan indicts loggers for axing 2000-year-old trees

Study Slashes Deforestation Carbon Emission Estimate

Scientists develop first satellite deforestation tracker for whole of Latin America




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement