On September 24, 2013, it was revealed that some traders are under investigation for possible
news leak and
insider trading.
Right after the Federal Reserve announced its newest decision, trades were registered in the Chicago futures market within two milliseconds. However, the news was released to the public in Washington D.C. at exactly 2:00 pm calibrated by atomic clock,[88]and takes seven milliseconds to reach Chicago at the speed of light.[89] Contrary to claims by high-frequency trader
Virtu Financial,
[90] anything faster is not physically possible. It was concluded the high-speed traders in question had to receive the
news under embargo from proprietary feed servers in Chicago that were pre-loaded with the Fed's announcemen