I am very familiar with the methodology and systems that have and are being used for Trading. As long as the Trader is not involved in receiving business knowledge from an employee or executive it would be hard to prove he/her are in fact doing "inside trading". If the information is gained by very leading state of the art accumulation of intelligence no problem. A comment was made that if some gained information before someone else then that is insider trading? Actually, the objective of Trading is to get information before the other guy (legally) and use it to execute trades. In a trading room you would see terminals with real time market feeds, latest CNN business News, latest WSJ business news, Current key financial date from Corp Reports, 10K's, etc etc. Each room wants their input to be faster than the other guy. Where in the past this use to be feeds from different sources and now they are, in some cases the results of preset financial data, through statistical models, etc.etc. on nano fast computers. (One nano second is like one second over 33 years). Hundreds if not thousands of Attorneys are evaluating these process's and making sure they don't violate the SEC Rules. I would guess if they did a lot of Executives would be in Court as we speak. Unfortunately becasue of time it is not possible to provide very deep details and therefore some support comments are not included or very summarized and that leaves the comments open to being exposed to challenges.
