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re: Biden Admin is reportedly leaking bureau of labor statistics to Blackrock and JPMorgan
Posted on 4/11/24 at 10:42 am to TigerB8
Posted on 4/11/24 at 10:42 am to TigerB8
BlackRock doesn't have a proprietary trading business, i.e. they don't trade for their own account, so any advantage from receiving information early would actually benefit their clients and BlackRock more indirectly. I don't know about JPM.
1
Posted on 4/12/24 at 9:38 am to coolpapaboze
quote:
BlackRock doesn't have a proprietary trading business, i.e. they don't trade for their own account, so any advantage from receiving information early would actually benefit their clients and BlackRock more indirectly. I don't know about JPM.
That's a distinction without a different. Any benefit to their clients is a benefit to them.
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