Well, now I’m not so sure. Because the reporting of how much money was being made etc:
On the foreign exchange blog, Forex Flow, a glowing endorsement of a trading news service claimed it had “direct access” to the bank’s press conferences that ran “five to eight seconds faster than any news service or video feed, which in this industry and trading, is a lifetime”.
The foreign exchange trader added that the founder Harry Daniels “and his team have not only made me (and others in our room) plenty of pips [percentage points] by being the fastest to a headline, they’ve saved me plenty of pips too in helping me being able to react to something that’s negative for a position I may have been in. That’s cost me a fair few lunches with Harry but that has been a grateful price to pay.”
That’s an advertisement for the system. Not an analysis of it.
Seriously, it’s like evaluating washing powders by believing the TV ads.