Why do we ban Tier 1 news and data release trading?

Modified on Sun, 23 Feb at 12:02 PM

TradeDay does not fail you for accidentally trading tier 1 economic data releases.
TradeDay will auto-liquidate all open positions 2 minutes before TradeDay's tier 1 economic data releases, and open markets back up to trade 2 minutes after these releases.

We do not fail traders for accidental breaches of these guidelines, but traders found to be ignoring these guidelines and abusing the policy will lose their account.

We consider tier 1 data to be the following:

FOMC minutes - All products	1:00 PM CT
FOMC interest rate decision statement - All products	1:00 PM CT
US CPI - All products	7:30 AM CT
US employment report (Non-Farm Payrolls) - All products	7:30 AM CT
Crude Oil Inventories (EIA) - Oil contracts only	9:30 AM CT / 10:00 AM CT*
Natural Gas Inventories (EIA) - Gas contracts only	9:30 AM CT
Crop production reports - Ags contacts only	11:00 AM CT

*Pending Abbreviated Trading Hours. Times are subject to change without notice, traders are responsible for being aware of what economic releases are and when they occur.

Times are subject to change without notice, and traders are responsible for being aware of what economic releases are and when they occur.

Where can I view this data?

We have created a page that lists the TradeDay tier 1 data release calendar dates. It can be found here.

We also have two economic data release calendars that can be accessed from the TradeDay Members area, from the Trading Room, an embedded calendar from Investing.com and also there is a link to the CME calendar, go here.

Why do we ban trading Tier 1 data releases?

We know from many years of trading experience and many years of managing trading teams that trading major economic data releases is a strategy that does not pay off in the long run.

It is also incredibly high risk. We are looking to fund traders who can produce risk-adjusted returns, not gamblers looking to exploit our leverage and risk in order to make a gamble for a quick short-term windfall profit.

If you would like to understand our view on why we see trading data releases as a losing strategy, please head over to our blog post here.