Press & Broadcast Coverage

BNN – TV

‘Trading Day’ Martin Cej

“…something fishy in trading in takeout target Aspreva Pharma.”

Also reference to recent PRIME WEST deal.

Financial Times DEUTSCHLAND

“Business Scene”

Financial Times 

Brooke Masters & Victoria Kim

“Sometimes the Measuredmarkets data appears spot on.”

Note:  the article was focused on data supplied by the company to the FT.

Financial Times

Victoria Kim & Brooke Masters

“Almost 60 per cent of the 27 big deals announced in North America so far this year were preceded by unexplained spikes in trading in the stock of the target company, according to a review of data by Measuredmarkets, a Toronto research firm.”

Mouvements étonnants de l'action de Nurun

Richard Dufour

«Il faut noter le volume extrêmement anormal le 22 mai, avec un volume fortement déviant le 30 mai et des transactions extrêmement déviantes le 30 mai. Tout cela, en l'absence de nouvelles publiques»

Suspicious Trading on the Rise

Jenny Anderson

“Nothing so far has shown ... that the tendency is decreasing, notwithstanding all the high-profile cases and the publicity,”

A long courtship, but no kiss-and-tell

Janet McFarland

"There isn't always misbehaviour in these things."

Heavy Options Activity Stirs Suspicions

Vikas Bajaj

“But data from Measuredmarkets, a research firm based in Toronto, suggests that trading in the stock deviated from its usual pattern on April 13 and 16, the two trading days before the company announced its first-quarter earnings report.”

NOTE: This story was also published in the International Herald Tribune [Paris] on 3 May 2007

Les initiés profitent largement des fusions

LaPresseAffaires.com

Getting in on the insiders’ track

David Berman

"Very often, the aberrant trading patterns lead to other things than just mergers and acquisitions.It could be surprise earnings reports, surprise contracts, bad test results or things like that."

Insider Trading Run Amok

‘Trading Day’ with Pat Bolland

Insider Trading

Monica Bertran

Reference to Measuredmarkets Inc.'s studies done for Bloomberg and the New York Times.

'Suspicious' Trades Precede Most Big Canada Mergers, Study Says

John Kipphoff and Joe Schneider

"Aberrant trading patterns preceded 33 of the 52 Canadian mergers valued at more than C$200 million ($172.6 million) last year, says a study by Measuredmarkets Inc. for Bloomberg News."

NOTE: This story was carried in full, and in edited versions, by most of the major newspapers in Canada on 23 March. Also quoted in TV & Radio broadcasts.

Moving Markets

Fred Langan

“Market manipulation….”

Schlürfen und schürfen

Henke Buchter

„Manche Leute wissen mehr als andere und nutzen das“, warnt Christopher Thomas von Measuredmarkets, einer  finanzanalysefirma, die auffällige Handelsmuster verfolgt.”

80’s Redux:  Insider Trading on the Rise

Marcus Baram

“And a study last August by Measuredmarkets, Inc. demonstrated that insiders may have traded illegally just days before 41 percent of the previous years' largest acquisitions.”

Insider-Trading Ring Bust in US May Fuel Hedge Fund Concerns

David Scheer

“A study by Measuredmarkets Inc. in August showed that insiders may have traded illegally in advance of 41 percent of the largest US acquisitions the ...”

TXU trades ahead of deal

Melissa Lee

"Activity in TXU stock was also 'highly deviant', those are the words of Measuredmarkets which tracks these sorts of patterns, even on February 22nd which was two full trading sessions prior to the news of the deal…."

Profiteer mee van insider trading

Kris Van Hamme

'De theorie dat markten efficiënt zijn, is complete nonsens.'

'Veel verdachte transacties rond fusies'

Kris Van Hamme

“De theorie dat markten efficiënt zijn, is complete nonsens.”

Algoma & Novelis

After the Close

“Something fishy….”

Regulator calls for Algoma probe

Janet McFarland, Paul Waldie, Greg Keenan & Sinclair Stewart

“Measuredmarkets Inc., a Toronto-based research firm that specializes in market trading analysis, said the trading was clearly out of the ordinary.”

YM BioSciences trading activity

Jonathan Ratner

“Measuredmarkets' analysis demonstrates the deviant trading behaviour leading up to this ['plunged more than 56%'] in the trading activity…."

Where There’s Smoke..

ELECTRONIC INVESTOR - Kathy Yakal

"We thought then * -- and still think -- that Measuredmarkets has an intriguing and potentially lucrative idea, particularly in light of the recent merger boom."

* Reference December 1, 2003, comments in Barron’s Electronic Investor.

A representative of Measuredmarkets Inc. gave testimony at a Hearing of the United States Committee on the Judiciary – 26 September 2006.

 "Illegal Insider Trading: How Widespread is the Problem and is there Adequate Criminal Enforcement?"

U.S. Senate Committee on the Judiciary - HEARING

Press coverage referring to Measuredmarkets Inc. included reports by the following news services and newspapers, among others:

A.P.; Bloomberg; Dow Jones; Reuters; Washington Post; Toronto Star

Interview re Senate testimony, broadcast several times.

Niall McGee

“A Measured Approach”

Lori McLeod

 Riding his data into the big time

Market Morning/Jim O’Connell

“Insider Trading Accompanies M&A Boom”

Business Report

Interview re New York Times :Whispers….” article and insider trading.

Squawk Box

Interview re New York Times “Whispers….” article and insider trading.

Measuredmarkets Inc supplied the research for a New York Times article: "Whispers of Mergers Set Off Bouts of Suspicious Trading".

The article, and edited versions of it, has appeared in numerous other publications around the world.

“The boom in corporate mergers is creating concern that illicit trading ahead of deal announcements is becoming a systemic problem.”

Full story on NYTimes.com

Some of the mergers mentioned are shown in the Case Studies section of this web site.

hot tips at issue in these cases involve an increasingly popular type of security called a "private investment in public equity." ['PIPEs']

“Measured Markets also identified unusual activity in one-third of the deals that lost value in the 30 days leading up to the PIPE.”

NEW YORK TIMES [& International Herald Tribune]  13 August 2006

Gretchen Morgenson & Jenny Anderson

 Full story on NYTimes.com

"The flags produced by...  measuredmarkets.com showed there was unusual trading in the shares of Movie Distribution Income Fund even before the news officially emerged that two of its senior executives has departed"

National Post/FINANCIAL POST 24 July 2006
Barry Critchley - Off The Record

"...measuredmarkets.com reports 'deviant trading behaviour' prior to the deal being announced."

National Post/FINANCIAL POST 8 June 2006

Barry Critchley  - Off The Record

Report On Business Television
Broadcast 9 May 2006

"...the change in the pattern of behaviour of the stock smells distinctly."

"Note the very unusual trading ahead of the news announcement after the close on April 20,"

National Post/FINANCIAL POST  24 April 2006
Barry Critchley - Inside Finance

"Who knew what and when are key considerations to what was a bombshell announcement {re S.E.C. subpoenas} – 

...measuredmarkets.com — a firm that focuses on unusual trading —  ... showed unusual behaviour last Friday and the first two days of this week."

“In the run-up to Dassault Systemes' (DASTY) $408 million acquisition of U.S.-based software firm MatrixOne Inc. (MONE) last week,
significantly more shares than normal of the U.S. company traded hands. …

Two days before Paris-based Dassault said it would buy MatrixOne,  … According to Measuredmarkets Inc., a web-based service that tracks anomalous trades in a company's stock, 24 "warning flags" went off that day. The maximum
number of flags a stock can possibly generate in one day is 27, according to Measuredmarkets' analysis.
The warning flags track pricing, volume and the number of transactions that go beyond a stock's normal range, according to Measuredmarkets. …On March 1, 903,646 MatrixOne shares traded hands, in 2,279 different trades - the highest number of trades in MatrixOne stock in a month, according to Measuredmarkets. “

PARIS (Dow Jones Newswires)--12:17 GMT - March 6, 2006

“For …  measuredmarkets.com., it was obvious something was going on at Mullen Group Income Fund long before the issuer announced a friendly deal to merge with Producers Oilfield Services Inc.”

National Post/FINANCIAL POST         17 February 2006  

Barry Critchley – Off The Record   

“For … measuredmarkets.com, it was clear something was up at Lafarge North America long before yesterday’s blockbuster news that the French parent will be buying out the minority stake in its North American operations for US$75 a share.”

National Post/FINANCIAL POST 7 February 2006

Barry Critchley – Off The Record

CBC The National [Network News]

&

CTV National News

Both TV broadcasts PM 28 December 2005

CBC Newsworld – Business Report

&

CBC The National [Network News]

Both TV broadcasts PM 21 December 2005

CTV Network        “CANADA AM”

Broadcast 7 December 2005

National Post/FINANCIAL POST  6 December 2005

Trading Desk

“SIGNS OF A DEAL WERE THERE”

CTV National News – “Whistle Blower” segment

broadcast PM 6 December 2005

"Some people seemed to know more than others, … And possibly took advantage of the situation to improve their performance or their investment position."