Major Investigations Into Thomson Reuters

Milliseconds of advance notice represents big potential profits to traders. Last month, CNBC reported that Thomson Reuters disseminated ISM’s manufacturing numbers. This window of opportunity afforded high-speed information clients with tradeable information. SPY ETF responded almost immediately to the trading burst; the etf is a trading proxy for market direction. A downward trading surge occurred 15 millisecondsbefore the data were supposed to be released. That incredibly short period of time helped traders help themselves to profits. Thomson Reuters is the leader (ahead of Bloomberg) in financial information and data services used by the financial industry, tax and accounting, law firms, media outlets and science organizations. Information is primarily (rapidly) transmitted online.

Milliseconds and high-speed trading impact. Thomas Derry, CEO of ISM, told reporters about how the data were released; he believes the situation occurred as a result of an anomaly that won’t be repeated. The early release of ISM’s data occurred on June 3rd and was almost immediately noted by a Nanex analyst who reported this observation to CNBC. According to Nanex information, approximately 30,000 SPY shares traded in a single millisecond< during the fifteen millisecond period between the early release and official release time. Nanex said that 369 other shares traded down as a result of SPY. About $28 million in SPY shares traded during the millisecond window. Information and time equal trading power. In an agreement signed between Thomson Reuters and the University of Michigan (the producer of the widely-cited statistic), data are supposed to be posted on the web for the benefit of a general public audience at 10:00 am on the release date. Thomson Reuters pays a $1 million access fee to the University of Michigan each year for its exclusive use. Thomson and the University of Michigan confirmed an existing working relationship. Ultra low latency distribution equals unfair trading advantage. Information buyers, e.g. elite traders, had access to the critical information before the rest of the general public. Some traders may have received the a ‘heads-up’ after a conference call occurred at 9:55 a.m. about the data. However, trading clients of Thomson’s ultra low latency distribution platform received information pre-formatted for electronic algorithmic traders at 9:54:58:000. In some cases, the data might have arrived up to 500 milliseconds earlier, according to contract agreement. Elite traders using the ultra low latency platform had more than enough time to execute favorable trades against the information. Ultra-tiered information distribution. There are multiple ethical concerns about the timing mishap (relating to the time when the general public was expected to have the statistical data) and when various trading populations received the information ahead of the curve. A difference of seconds can mean millions of dollars in trading profits to elite algorithmic trading organizations. According to “Yahoo Finance,” a blink of the human eye occurs between 300 to 400 milliseconds. Investigators have thusfar determined that the early release of the data was a mistake, but the timing differences noted between trading information purchaser levels points to consistent early receipt of multiple levels of trading data on a consistent basis. That difference in time is crucial to electronic traders’ advantage in the markets. In comparison, non-professional traders, e.g. individuals transacting trades for their own accounts, do not receive early access and may therefore trade at a comparative disadvantage. A Securities & Exchange Commission spokesperson commented that educational institutions, e.g. the University of Michigan, should maintain higher standards as to whom information such as the consumer confidence index data is sold. Some investors’ cries of “unfair” and “insider trading” indicate the discussion related to Thomson Reuters’ inadvertent early release of data will continue for some time.

Beyond Vacations and Glamour, Here Are 3 Reasons to Be a Jones Resorts Timeshare Owner

In today’s fast paced world and demanding economy, taking a vacation can seem like a time wasting luxury that no one can afford. What if you could make that vacation affordable, flexible and worry free? With Jones Resorts ownership, taking care of yourself has never been easier or more financially sound. Jones Resorts will take care of everything. Your only job is to show up and enjoy world class accommodations.

Here are three reasons why you should consider Jones Resorts ownership.

Affordability

Jones Resorts offers an opportunity to own your vacation for years to come. No more worrying about the rising costs of hotels. Don’t waste one more second wondering if you’ve wasted your hard earned money on poor quality rooms. You will never again have to second guess the cost of your vacation. A Jones Resorts ownership plan allows you to spend less than regular hotel rates for high end accommodations. You can even pass ownership to your heirs, ensuring affordable vacations for the next generation. Create memories that your children can enjoy for years to come.

Flexibility

Jones Resorts timeshare ownership doesn’t just entitle you to stay at one of their resorts in Palm Springs, California; San Diego, California; Cabo San Lucas, Mexico; and Branson, Missouri. As a highly rated participating member of Intervale International, Jones Resorts ownership gives you the opportunity to exchange your vacation for some of the best accommodations in the world. In the mood for a golf vacation? Try the Jones Resorts in San Diego or Palm Beach. If theater is your thing, you can’t beat the Jones Resorts at Branson or San Diego. No matter which destination you choose, you will be guaranteed the fine quality of a Jones Resort.

World Class Accommodations

Forget about cramped hotel rooms or less than stellar surroundings. When you book hotels from home, there’s really no way to know what you’re getting into. With Jones Resorts ownership, you know exactly what to expect: spacious rooms, loads of amenities and stunning views. Entertainment venues await you just outside your door whether it’s golfing, fine dining, a theater experience or a day at the beach it’s all within easy reach of your gorgeous villa. Visit local parks and museums, enjoy a game of tennis or a day at the spa. Kids love Jones Resorts too with its water slides, classes of all kinds for every age and plenty of both on site and nearby activities . You’ll never run out of things to do and when you want a change, you can exchange your timeshare vacation for another fun filled location.

Now there are no more excuses for putting off that family vacation. The memories won’t wait so why should you? Below average price for above average accommodations and amenities, a predictable vacation cost year after year even if hotel rates skyrocket, plenty to do and the flexibility to change your destination when you want to. These are just a few of the reasons that Jones Resorts ownership is right for you. Take the worry and the stress out of your vacation planning and get that relaxing spa/resort vacation you deserve. Book a Jones Resort vacation package and see for yourself. You’ll wonder why you waited so long.

Investing In Stock: Is It A Good Idea?

When looking to invest, an individual can buy stocks, bonds, or real estate. While the stock market is intimidating to plenty of people, an investor should not worry. Here are four reasons why investing in stocks is an excellent idea.

Quick to start: Let’s face it, if you aren’t rich, you can’t invest in real estate or private companies easily. On the other hand, with stock investing, you can start with a couple of thousand dollars. Then, over time, as your situation improves and you bring in a higher income, you can put more money to work. Brokerages often allow people to open an account with a few hundred dollars, and a wise investor can add money in the future. On the other hand, if you want to buy a house or invest in a local company, you will need to come up with thousands of dollars to start. Therefore, if you are young or just starting out in your financial life, look to stocks, as this asset class is an easy one to get into.

Superior returns: When you want to invest in an asset, you want to see excellent returns over the long haul. If you buy stocks or mutual funds, you will enjoy superior returns against almost every other asset class. While precious metals, real estate and other assets will fluctuate greatly, over the long haul, stocks will rise. If you have a long-term outlook, you can fill your portfolio with quality companies and watch as you enjoy solid returns with little effort. To understand this point further, do the research yourself and you will see that stocks, by far, offer the best returns in the long run.

Easy: If you want to concentrate on life and not on investing, buy stocks. With an online brokerage account, you can purchase stocks or mutual funds from the comfort of your home or office. Then, you can walk away from your investments and let them do their work. This is in stark contrast to other investment vehicles such as property or small businesses. In fact, if you invest in blue chip companies and frequent trading, you will enjoy excellent returns with little effort. On the other hand, if you buy houses and work as a landlord or invest in other assets, you will face an uphill battle every time you deal with an unruly tenant or other issues.

Tax savings: If you open an IRA or contribute to a 401k at work, you will enjoy plenty of tax benefits. Over the long run, taxes take a bite out of your net worth and you need to reduce this by using legal methods. Luckily, if you fund an IRA or put money in your 401k, you can write off the contribution and lower your overall burden. Other times, if you are smart and open a ROTH IRA, you can pay taxes when you contribute money. However, you will enjoy tax-free withdrawals when you retire. Either way you look at the situation, if you want to avoid a massive tax bill, consider investing in the stock market via a retirement account.

While intimidating at first, an investor will enjoy plenty of benefits by putting his or her money to use in the stock market. Remember, stocks offer superior returns for even the average investor.

4 Companies That Can Save You Serious Cash On Car Maintenance

While it’s hard to resist the allure of freedom on the open road in a nice car, the unfortunate truth is that cars can require quite a hefty investment. Disregarding insurance and gas prices, the real problem is how expensive car maintenance has gotten over the past few years. Is there any way to save money on car maintenance so you can get back to experiencing the joys of the open road? As a matter of fact, there are several great companies out there right now that can help you to save tremendous amounts of money on car maintenance. Luckily for you, we’ve taken it upon ourselves to compile a list of four of them for your reading pleasure.

Maaco: Over the years, Maaco has built a name for itself by consistently delivering high quality repairs to the cars that it services. While their main focus is in collision repairs, that doesn’t mean they aren’t useful for car maintenance as well. If you’re interested in seeing what type of special deals they currently offer, it’s as simple as visiting their site and signing up for free information. Don’t be afraid of doing a little investigative work if it means you’ll save a large chunk of money in the long run.

Toyota: While this next one isn’t for everyone, those on the lookout for a new vehicle may want to take a look at Toyota’s no cost maintenance plan. True, it requires the purchase or lease of a new car, but consider the savings from not having to pay for proper car upkeep when deciding whether or not it’s worth the investment.

ShortCircuitRepair.com: As a car service repair specialist, Short Circuit Repair has made a name for itself in the San Francisco Bay area by providing top notch repair services that are as affordable as they are effective. In fact, their factory car navigation repair service is unique in that it offers customers a way to repair their navigation units without having to purchase a new one from expensive factories. This, of course, equates to huge savings for their clients. If you’re looking to save money on a navigation unit, and you’re in the San Francisco Bay area, then it’s probably best to start your search here.

Pepboys: At first glance, a national car maintenance chain may seem like it’s ready to take advantage of both your car and your wallet. In truth, though, Pepboys offers a competitive pricing plan that aims to take out its competition. Simply show them an advertised price by a competitor, and Pepboys will beat it by at least five percent. When it comes to car maintenance, five percent can add up to quite a bit of savings, and every little bit of saving helps when it comes to getting the most out of car maintenance.

With so many ways to save money, there’s no excuse to avoid taking high quality care of your car. Instead, take that saved money and treat you and your car to a nice night out on the town. With all of these savings on your radar now, we think you’ve earned a break!

What Your Company Needs to Know About Liability

If you are sued as a sole proprietor, you will be sued personally. Your retirement savings, your house, and other assets could be at risk. Once your business is incorporated, it exists as a separate business entity. This means that the corporation is now responsible for all of its liabilities and debts. This is called the corporate shield in the industry. It separates your personal assets from your business assets.

For instance, if you are just starting out and get sued, your personal assets may be vulnerable for up to 22 years. This could be long after you are a huge success. It is very important to think about protecting the assets you have to today as well as whatever you may have tomorrow. It is easy to form an LLC. This is great for smaller businesses who want to protect their personal assets with minimal administrative requirements and red tape.

Personal Liability

The first crucial step to minimizing personal liability is forming or incorporating an LLC. This measure does not unconditionally protect you from personal liability. Here are several circumstances where you can still be held personally reliable:

* You mix your business and personal finances and do not operate your business as a separate entity.

* You operate your business illegally or commit a crime

* Your actions result in an injury.

* You personally guarantee a loan for your business.

Business Liability Insurance

Your small business can be protected from personal injury or pretty damages in case there is a lawsuit by having business liability insurance. Liability insurance comes in different forms. It depends on your business needs. You should discuss your specific business risks with a broker or an insurance agent who is familiar with your industry. Here are three main types of business liability insurance:

* General liability insurance – This protects your business from claims of negligence, property damages, injury claims, and advertising claims. General liability insurance may be the only type of insurance you may need depending on your business.

* Product liability insurance – This insurance protects you against financial loss as of a defective product that could cause harm. Companies that wholesale, manufacture, distribute, and retail a products may need this kind of insurance.

* Professional liability insurance – This kind of insurance protects business owners who supply services against negligence, errors, malpractice, and omissions. You may be legally required to have coverage in some professions. This includes a practicing doctor in specific states. Independent consultants are required to have their own coverage in some businesses.

Business Classification Can Affect Your Premium

Insurers have classifications for each kind of business. The classification in part determines how much your insurance coverage will cost. Each business will incur its own degree of risk. Insurance companies factor in these risks when the premium is calculated. Make sure your company is accurately classified to stop unnecessary expense. The amount of sales you make and the size of your payroll can affect your premiums as well.

The first essential step is incorporating or forming an LLC. This liability coverage if it is necessary. It is important to take your business and liability concerns seriously no matter how small your business or what industry you are in. You can save yourself from financial hardship and headaches down the line if you take a few steps and stay ahead.

Travel Destinations On A Budget: 5 Ways to Save

When summer hits, many kids are freed from school. Many workers are excited to get a week or two off of work. The summer vacation is just about as American as apple pie. Some people are concerned that the Great Recession made traveling outside one’s hometown an impossibility for the vast majority of Americans, but there are still several ways to make a vacation more affordable. Here are five.

Visit a Budget-friendly Destination

If you choose to go to one of the Disney theme parks that are situated around the globe, there is a good chance that it will cost an arm and a leg. In addition to the expense of admission, there is also the cost of lodging and food, and these will likely come at a premium. Why not go to a destination that doesn’t cost quite as much. Places like Chickasaw Country or one of the national parks in the Midwest can be great options that are more affordable for families who want a nice vacation.

Go During the Off-season

The week around the Fourth of July will always be one of the busiest and most expensive times of the year to go on vacation. Going the first week after school is out or the last week before school starts back can be great times to save a bit of money. Those who have no ties to the school calendar can also benefit from going at other times of the year. Low season in the Caribbean is October and November. Those going to Europe can frequently save during the spring. Many American beaches are cheaper in the spring and fall. Those who can visit at these times will do quite well.

Use Points

Getting to many destinations quickly can require a plane ticket. Otherwise, a trip to Florida could take about a week in the car for someone from the West Coast. Airfare has gone up considerably over the past few years, and many airlines are now charging for checked luggage. One way to avoid this cost is through the use of a point-paying credit card that gives you frequent flyer miles. These miles can accumulate to the level of a free ticket. Of course, it’s very important to avoid paying interest on these cards because this will lead to more debt than the cost of the ticket.

Stay Close to Home

There are interesting places to see and activities to do in just about every part of the country. Whether it involves a few days visiting historical museums or some time at a local lake, many Americans can have a blast without paying hundreds in transportation costs. Also, camping at one of these sites can be a great way to save on lodging.

Shop around

It’s never been easier to find a place to stay while on vacation. Travel websites like Orbitz and Expedia have made it very convenient to price airfare and lodging. Those who are browsing for the perfect lodgings can also see pictures and customer reviews from previous clients. This can help you save money while also avoiding the Roach Motel.

Going on vacation is great fun. Few people hate travel, and many Americans would take off if they did’nt think it was so expensive. While there is quite a bit of expense involved in taking a trip, those who are budget-conscious can still save money by following these tips.

5 Financial Recommendations for Recent Graduates With MA’s

After graduating from school, many graduates entering the workforce will find that managing their personal finances can be a challenge. While managing your personal finances can be difficult, there are five financial recommendations that all graduates can follow, which will help to ensure they are able to save money and ultimately achieve financial freedom.

Start Saving for Retirement Early
The first financial recommendation to follow is to start saving for retirement early. While retirement can be up to forty years away for graduates, the time it takes to accumulate a lot of assets takes a lot of time. To ensure that you eventually have enough money to comfortably retire, you should start saving as soon as possible. By taking advantage of tax-advantaged retirement accounts, such as 401ks and IRAs, you can save even more money. You should attempt to save at least ten percent of your income and always take advantage of any employer-provided retirement contribution matches.

Build a Safety Net
When you first start working, it could be tempting to buy some personal items and pay off personal debts. However, before doing this you should ensure that you build a safety net. Your safety net should be equal to at least twelve months worth of living expenses. This will then be available to you in the event that you lose your job and have to support yourself without an income.

Pay Down High-Interest Debts
The third recommendation for graduates is to pay down any high-interest debts that they have. Many students end up graduating with a lot of credit card debt. While credit cards could have helped them to get through school, paying off these debts can be tough. Once you have saved up an appropriate safety net, you should next focus on paying off all of your credit card debt. Doing this earlier rather than later will help you to save a lot of money on interest charges over time.

Build a Budget
The fourth recommendation for graduates is to build a personal budget and stick to it. Graduates who are entering the workforce need to learn to stick to a financial plan, which will include setting up a budget for how much money can be spent each month on fixed expense, such as rent and car insurance, as well as discretionary expenses, such as dining out. When building a budget, it is important that it is realistic and includes reserves for saving money, paying down debt, and achieves both short-term and long-term goals.

Invest
The fifth recommendation for graduates is to look for ways to invest. While most graduates may feel that they are already financially strained, graduates should look for ways to invest their money when they can. Graduates should look to invest their money in well-managed and regarded mutual funds and blue-chip stocks. While it can be tempting to invest in more speculative stock investments, the amount of these investments should be limited to a small percentage of your portfolio.

In conclusion, managing personal finances can be a big challenge for recent college graduates. While it can be overwhelming, there are several tips that all graduates can follow, which will make it easier for them to save money and manage their finances.

10 Things You Can Do Today to Get Your Financial Life in Order

Your finances are an important part of your life. If you don’t learn to manage your money well, you are destined for financial struggles now and in the future. There is plenty of good advice available so all you have to do is follow it to become more financially secure.

1. Create a Budget

The best way to set up a budget is to tally up all your expenses for the last six months. Once you calculate how much you actually spend, you know what your average monthly expenditures are. With this information, you can create a monthly budget.

2. Reduce Your Debt

The best way to lower your overall debt is to stop buying things on credit, except for large purchases such as a car or home. If you have credit card debt, paying off more than the minimum each month is a good method for reducing your debt and the amount of interest you have to pay.

3. Increase Your Income

While you can ask for a raise at work, many people earn an additional income by moonlighting. If a part-time job is not for you, there are many at home businesses you can start for very little money such as content writing or affiliate marketing. Other possibilities are making and selling crafts or doing odd jobs in the neighborhood.

4. Open a Savings Account

It’s always good to have money in the bank for an emergency. You can set aside a certain percentage of your income each month. Although any amount will do, try for 10 percent or more every month.

5. Handle Credit Wisely

If you have any type of a loan such as mortgage or student loan, you need to pay each bill on time. It is also important to pay your credit card bills on time to establish good credit. If you will be late with a payment, contact the creditor and ask for more time to prevent your account from going to a collection agency.

6. Improve Your Credit Score

Your credit scores are important if you ever want to get a loan. The first step is getting copies of your credit report from the three credit bureaus and checking each file for errors. By disputing errors and getting them corrected, you can raise your credit scores.

7. Plan for Your Retirement

It is important to plan for your retirement. As most people know, they can’t depend on Social Security benefits. If your company doesn’t offer a pension plan, you can set up IRAs (Individual Retirement Accounts) or other retirement plans so that you have an income after you retire.

8. Have Insurance

Insurance protects you from financial loss due to illness or loss or damage of property. Health insurance is a necessity, but life insurance, renter’s insurance, homeowner’s insurance, and car insurance are also important for most people.

9. Make a Will

A will provides for your family after your death. It is a way to distribute your assets and personal property to your heirs.

10. Organize Your Financial Documents

You need to keep all your financial documents in one place for easy access. These documents include tax returns, pay stubs, a copy of your will, insurance policies, and bank and credit card statement. Putting them all in a fireproof storage box for safekeeping is a good idea.

The only way to truly get your financial life in order is to make a commitment to your future. With proper planning, you can weather any financial emergencies while increasing your assets and preventing problems such as a bankruptcy. By following these 10 steps you can stay on track to achieve your financial goals.

10 Ways to Spend Less and Save More!

You probably already know that remembering to flip the lights when you leave a room can save money in the long run, but what are some other not-so-common techniques that people are using these days to save money? These are 10 ways that people are spending less and saving more.

Get Permanent Makeup

It might sound a little ridiculous, but if you find yourself applying makeup every morning, wearing it throughout the day, wiping it off at night, and waking up the next day only to repeat the process all over again, it may make financial sense to just get permanent makeup. Tattooed eyeliner is rising in popularity as a makeup solution for those who tend to wear it on a regular basis.

Move Your Graduation Date Closer

If you happen to be in school, then you probably know that the longer you stay there, the more it’s going to cost over the long term. If you’re currently at part time status, try moving yourself to full time to reach your graduation date more quickly.

Garden Instead of Buy

Why buy vegetables and fruit when you could simply grow them for much cheaper. What’s even more cost effective is to become a vegetarian and live entirely off of your garden.

Flush Less Often

You may have heard of your grandparents doing this in the “old days,” but as it turns out, granny and gramps were onto something. Flushing only for bowel movements not only saves on electricity, but it dramatically lessens the water bill.

Double Your Recipes for Leftovers

Instead of cooking just enough to fill everyone’s stomachs with nothing left behind, cook in surplus so that you can have leftovers for the next few days. This will save you loads, and it will eliminate the need to have to dig into other groceries.

Detach from Bottled Water

Bottled water seems feasible when it’s marketed properly, but it is possibly one of the biggest wastes of money in grocery and convenience stores to date. Buy a water filter and bottle your own water at home if you can’t seem to shake the “bottled” habit.

Put Away 10 Dollars a Week

It probably wouldn’t hurt either to start putting $10/week away into a shoebox. $10 is an increment that most people can afford, and you probably won’t even notice that you’re saving due to the low commitment level.

Combine Cell Phone Plans with Relatives

If you’ve ever been a part of a family cell phone plan, you probably noticed that everyone saves more when there are more people on the plan. This is why it’s financially wise to bring close and distant relatives all onto the same plan so that everyone can save money.

Learn to Cut Your Family’s Hair

Haircuts are expensive, and this is especially true if you’ve got a large family that constantly needs trimming. Instead of shelling money out seemingly all the time, learn how to give basic haircuts and you could save as much as hundreds if your family is big enough!

Share Internet Subscriptions

Lastly, share internet subscriptions and split the cost between the users. Movie subscription services often allow unlimited users and devices to stream, so why wouldn’t you share this kind of service?

Overall, there are limitless ways to save all around you. Try incorporating a few of these tips into your daily routine to see how much you can save!

8 Important Considerations For Investing Money Short vs Long Term

There is a lot to think about when you create an investment strategy. While you want to be prepared for long-term goals such as retirement, you want to make sure that you have enough liquidity to weather any short-term dips in the market. What are some of the most important issues to consider when creating your investment strategy?

1) What Is Your Time Horizon?

It is important to understand your time horizon when investing your money. For those who are retiring shortly, you want your money in conservative investments that guarantee a steady income. Investors who are younger may want to invest in aggressive investments that offer larger returns over the long run.

2) What Is Your Risk Tolerance?

Your risk tolerance will help determine where you put your money. Anyone who hates risk may want to look toward bonds and CDs that offer low but guaranteed returns on your investment.

3) How Much Do You Have To Invest?

To invest in a mutual fund, you may need as much as $10,000 to use as an initial investment. If you don’t have a lot of money to invest, you should look at individual stocks or index funds that have a lower investment threshold.

4) Is The Money Going Into A Retirement Account?

If your investment income is going into an IRA or 401k, you can avoid paying any short or long-term capital gains taxes. Investors investing through a private account should consider selling bonds or other securities before they hit their distribution date if you wish to avoid paying taxes on securities that you haven’t yet cashed.

5) Are You Financially Literate?

Financial literacy goes a long way toward determining where your money goes. Those who understand the market can bypass brokers who will levy steep fees to help you manage your money.

6) How Liquid Do You Want To Be?

Those who are looking to get their money back shortly should look to stocks and bonds that can be redeemed on demand. Investments such as CDs and savings bonds are considered to be not liquid because they take years to mature.

7) What Types Of Investments Are You Considering?

Where do you see yourself putting your money? Based on your time horizon you could be better off investing in growth funds that are heavily weighted toward smaller companies with more potential to increase your return. Investors looking to get out of the market quickly may want to consider larger companies that will return a more predictable return on your investment.

8) Who Will Manage Your Money?

Fees paid to a stock broker or fund manager should be considered whenever you make an investment decision. While a 2 percent fee to have someone manage your money may not seem like a lot, it can add up to thousands of dollars in lost money over the life of your investment portfolio.

Investing is never an easy proposition. You need to know your time horizon, your comfort level when it comes to reading the market and your tolerance for risk. Once you figure that out, you can start investing for the long-term without hurting yourself in the short-term.