Alpha Ideas

Short answer:You will be late

A shocking revelation from the WSJ:

When the Institute for Supply Management releases its index of manufacturing activity next week, the headlines from the report will flash to traders at what their eyes tell them is 10:00 am. But unless they are subscribers to a new low-latency feed provided by Thomson Reuters, they’ll actually be getting it late—and depending on how they’re positioned, it could be too late.

In July, the ISM signed a contract with Thomson Reuters to offer a streamlined version, called “low-latency,” of its closely watched business-activity report. It will release the full report to Business Wire, a press release service, at exactly the same time.

Investors with the superfast computers and algorithmic-trading software needed to read and act upon the low-latency line’s digitalized information will inevitably be the first to trade on the news. The advantage these high-tech traders enjoy is measured in just millionths of a second, but it will be more than enough time to beat competitors who instead must rely on news services that generate headlines from the Business Wire release

The scams never seem to stop.

Nalini Chidambaram and Karti P Chidambaram, wife and son of Chidambaram have grabbed the Government poramboke and grazing lands abutting the Muttukadu

backwaters. They have built a high compound wall making it difficult for the fishermen to go to sea for their livelihood,” Jayapalayan, president, South Indian Federation of Fishermen Societies (SIFFS), told The Pioneer.

“We submitted a complaint to the Chief Minister, City Police Commissioner and other Government officials on Monday. The livelihood of more than 500 families have been threatened by the action of the Chidambaram family,” said Jayapalayan.

He said more than 12 acres of prime property have been grabbed by the family members of the Union Finance Minister. “The compound wall has been built violating the Coastal Regulation Zone Act. Though we had complained to the authorities long back about the land grab, the then Government ignored the same,”said Jayapalayan.

Sources said that the Chidambarams were planning to construct a super deluxe hotel at Muttukadu, which lies along the Bay of Bengal. “It is prime property abutting the beach. Though theprevious State administration had given the go-ahead  for construction, it got delayed for some reason or the other,” they said.Palani, a fisherman, said though they had demolished a part of the

compound wall twice, the Union Minister’s family rebuilt the same. “In the past, some of the police officials had warned us against antagonising the Chidambarams,” he said.- from the Daily Pioneer