Newswire

A newswire is a service that companies use to distribute press releases, including earnings announcements, to the public and the media at a scheduled time. Between a company sending a release and the newswire publishing it, the text sits on the newswire's systems unpublished.

manipulation techniques · updated 2026-10-09

Where does newswire come up?

This term is used in the following manipulation techniques, each explained in full on its own page.

• Hack to trade — Hack to trade is obtaining unpublished, market-moving information by breaking into a computer system, such as a newswire, filing agent or law firm, and trading on it before release; it exploits a true signal and injects no false one into the price.
• Fake press releases — A fake press release is a fabricated corporate announcement issued through a wire service or a lookalike site, designed to move a share price for the few minutes before the company can deny it.

Enforcement actions involving these techniques

See also

• Material non-public information — Material non-public information is information a reasonable investor would consider important that has not been disclosed to the m…

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