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PR Newswire imposes use limits on its data feeds

| Thursday, May 1, 2014, 12:01 a.m.

PR Newswire, which distributes announcements and press releases about earnings and other business developments, announced Wednesday that it will require recipients of its primary feed of information to certify that they won't use the data in high-frequency trading.

The company said it is recommending that clients intending to release information at the close of the markets do so at 4:01 p.m., to ensure that high-frequency traders can't trade on the news in the milliseconds after the closing bell at stock exchanges.

Chief Executive Ninan Chacko said PR Newswire, since its inception, has worked to establish practices to provide news to shareholders and the public equitably.

“We never did sell information to high-frequency traders,” Chacko said. “This is in keeping with our existing practices.”

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