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In Financial News Circles They Say You Should Buy On The Rumor And Sell On The Fact And Now There Are Computer Programs That Can Read That Information And Do Those Trades Automatically
Philip Stone June 27, 2007
Don’t be fooled into thinking that by reading Reuters or Bloomberg on the Internet that you know what is going on in the financial world as quickly as financial institutions around the world. The financial people pay hundreds of millions of their currencies globally to buy their news directly from information providers so they can get the market breaking news first and make their trades ahead of the competition.
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