From the SMH:
One of two men charged with insider trading on the basis of advance knowledge of sensitive government statistics had a field day on March 13, police say.
That was the day Lukas James Kamay allegedly made more than $2.5 million after the release of surprisingly positive jobs data.
To generate a profit of that magnitude on currency and derivatives markets indicates a bet may have been taken with an implied value of about $500 million, traders say, based on information about currency movements that day.
Nice work if you can get it.
Advertisement