Opening Cross: When the Most Indicative Data is the Data Itself
Is the search for information itself a form of "information leakage"?
However, if we move up the chain and look at the supply and demand itself, then data becomes somewhat more of a leading indicator that can point the way to market movements.
For example, German vendor VWD is expanding the range of currency forwards volatility data it sources from Tullett Prebon Information, in response to demand from corporate treasury clients in Europe for trading with customers or suppliers in overseas countries. Arguably, this demand from those corporate treasurers indicates
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