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How you could have spotted Barclays' CEO appointment hours before the competition

On Monday October 12, 2015, it was revealed that Barclays would be filling its vacant CEO position with James “Jes” Staley. The news came after several months of speculation when Barclays' previous CEO, Antony Jenkins, was fired back in July (2015).

It seems it was the Financial Times that broke the scoop when it announced the news around 9:49PM (BST) on social media and published a report on its FastFT blog.

But it wasn't until the next morning, around 9:00AM when most major news sources starting picking up the story and publishing their own articles.

Reports indicated some critics had fears that the new appointment would see Barclays return to the "fast buck, bad old days" under former boss Bob Diamond; who announced his resignation just days after Barclays was fined £290 million in June 2012 for rigging Libor interest rates – used to set the price of mortgages.

On the Monday, at market-close, Barclays' shares were at 256.55. When the markets opened the next day, shares in Barclays had dipped by 6 down to 250.00, as the papers and major news sites started circulating the report.

Missing or making the trade?

So unless you happened to be watching the Financial Times' blog or Twitter feed that evening, there's almost no chance for a trader to make a call on the markets for the next day, surely?

Well, no. Had a trader been using the platform as a source of financial information, they would have seen the news almost as soon as it broke.

Monitoring millions of financial sources, the platform picked up the news of Barclays' CEO appointment at 9:50PM (BST) – just one minute after the original report was published by the Financial Times on social media. 

Barclays CEO announcement timeline (note all times in BST):

Monday October 12, 2015

  • 4:30PM (Market Close): Barclays' shares close the day at 256.55.

  • 9:48PM:
    Financial Times breaks the news that James Staley will the new CEO of Barclays, via its FastFT blog and Twitter.

  • screengrab picks up the announcement of Barclays CEO as buzz around social media begins to grow.

Tuesday October 13, 2015

  • 8:00AM (Market Open):
    Barclays' shares open at 250.00.

  • 9:00AM:
    Major international news sources now publishing the story and the information becomes more widespread, while Barclays shares continue to drop for the next 24 hours.

That means that users of will have seen the FT’s announcement come through almost 11 hours before most major international media outlets picked up the story and other traders found out about the news.

Needless to say, 11 hours is a huge advantage to have over other traders and industry professionals. With it's possible to see the story forming around a company, before most news sources begin reporting events. In this case, it was the Financial Times who broke the news, but was able to pickup the story within just one minute - giving users a significant lead on the information, compared to other financial sources. is currently in its beta phase. Register your interest and be one of the first to gain access to this platform when it launches:



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