Barclays, Exchanges Get High-Frequency Trading Suits Nixed
Law360, New York (August 26, 2015, 7:22 PM EDT) -- A New York federal judge dismissed five cases Wednesday alleging exchanges and dark pools, including one operated by Barclays PLC, have given high-frequency trading firms market advantages, claims spotlighted by Michael Lewis' 2014 book, “Flash Boys.”
Barclays was among the defendants accused of letting high-frequency traders gain an unfair advantage, by allowing them to obtain trading data marginally faster than other market participants do. (Credit: AP) The suits were among many that echoed allegations within the book, in which Lewis said exchanges and dark pools have given high-frequency traders — which make up the majority of U.S. trading activity — an...
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