Barclays, Exchanges Get High-Frequency Trading Suits Nixed

By Cara Salvatore (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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!