Traders obtained a leaked audio feed from the Bank of England to gain a 10-15 second advantage during the monetary policy announcements in December and January. New information from the Wall Street Journal shows how significant this was in terms of trade volume in the 5-10 seconds before the announcement which is typically a low volume moment. The FCA is now investigating this inappropriate use of the Bank of England audio feed. ▶️Watch more 3-Minute Explainers:
Presented by Nicholas Puri
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