The Chicago Purchasing Manager Index was supposed to be released at 9:45 today. It would seem the (surprisingly positive) data was known to somebody already 4 minutes earlier, as the futures started rallying on high volume at 9:41. Was the data leaked, or what could explain this? Of course the high of the day was seen just after 9:45...
What do you mean by "leaked"? NAPM allows paid subscribers access to the report several minutes before it's released publicly.
Actually I tried to find the price just now but couldn't. Here's the website: http://www.napm-chicago.net/home/
cheers not certain but it looks like you get 3 minutes head start for $240.00? annually (assuming NAPM member is enrolled for this service). It was introduced in Oct-04.
I posted some thoughts concerning the subject here: http://www.elitetrader.com/vb/showthread.php?s=&postid=1418700#post1418700