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amalcontoday at 12:53 PM0 repliesview on HN

Sending a letter containing public information to a place that hasn't heard yet is not insider trading, even if you own the post office. Algorithmic trading firms are doing the modern equivalent of this at all times to arbitrage the NYC/LON/HK exchanges.

The classic example is that sitting outside a factory and counting trucks does not result in insider information, but driving the trucks does. Even though it is the same information.