Amid the rise and rise of retail-oriented sites like StockTwits, the declarations of legislators like Senator Ted Kaufman that markets ought to be fair and the continuing (inexplicable) influence of Jim Cramer, it is easy to forget that the odds are inherently in favour of institutional investors. Life is unfair - and so are markets, especially if youâre a retail investor. Bespoke Investment Group pointed to a a particularly pertinent example on Wednesday - the timing of the release of the Chicago PMI: Conspiracy theorists are buzzing this morning regarding the release of the weaker than expected Chicago PMI. Economists were expecting a level of 52.0, but the actual level came in well below 50 (46.1). Even though the report was released to the general public at 9:45 ET, the S&P 500 began its nosedive minutes before the official release of the report. At first glance, most would agree that the report was leaked. But, as Bespoke point out, nothing nefarious was taking place (emphasis ours): The S&P 500 certainly did decline prior to the official release, but traders should be aware that anyone who wants early access to this report can do so provided they are willing to pay for it. On the companyâs website, Kingsbury describes the Chicago PMI as, âa proven monthly âfirst lookâ at business, government and NGO economic activity in the USA.â They then go on to say that subscribers to Kingsburyâs data will receive âaccess to this market-moving data 3 minutes before public release.â In other words, Kingsbury will âleakâ the report to anyone who is willing to pay at least $200 per month. http://ftalphaville.ft.com/blog/2009/09/30/74846/why-day-traders-will-never-win-chicago-pmi-edition/ Get your advantage. Pay 200 USD.