US exploring ways to modify release of sensitive economic data - WSJ

Reuters

Oct 11 (Reuters) - Federal officials are exploring ways tomodify how the government releases sensitive economic data, inan effort to bring the system in line with fast-moving financialmarkets, the Wall Street Journal reported, citing peoplefamiliar with the discussions.

Officials were driven by concerns that high-speed tradingfirms can trade on leaked market-moving numbers before otherinvestors, the Journal said.

The discussions explored various options, includingeliminating the current system, which releases data such asunemployment rate and productivity numbers via embargoed newsreleases to the media, according to the paper.

Officials are also exploring publishing economic datadirectly on the Internet, and building a single technologicallysecure facility for all government agencies to distribute data.

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