ive found recently that even when ran mentions any news very little of it makes any money anymore. gone are the days when the market actually moves in the right direction anymore. most of time as you soon as you position yourself the correct way the algos force you out. even if you counter trade it and go against then they take it the right way. on rate announcements ran can be 2 to 3 seconds slower so he makes sure he gets it right after so many fuck ups. the main problem he has is the same as all the periphery servive providers - there is not the demand from human traders for their services. charting, news services and small software providers cant sell their services to hft firms. soon most of them will be finished including bloomberg. they are losing accounts all over the place.