High-Speed Traders Beat Laws of Physics, Steal 5 Milliseconds From Fed

A week ago, the Federal Reserve announced something or another about bonds, a move that sent the bond market into a frenzied orgy of bond loading and unloading. So what, right? The markets quiver whenever the Fed does anything. Well, weirdly, it appears the information got out five milliseconds early. Which wouldn't… » 9/25/13 12:30pm 9/25/13 12:30pm

The Federal Reserve Said It Was Hacked

The Federal Reserve said that one of its internal websites had been hacked today. It's unclear who did the hacking but the Feds say that the hackers were not able to do any serious damage. Reuters says that, "no critical functions of the central bank were affected by the intrusion." » 2/05/13 9:19pm 2/05/13 9:19pm