Major stock exchanges secure win in HFT case
Major stock exchanges, including NYSE and Nasdaq, have secured dismissal of a complaint in a high-frequency trading (HFT) case.
Major stock exchanges, including NYSE and Nasdaq, have secured dismissal of a complaint in a high-frequency trading (HFT) case.
The New York Southern District Court has sided with NYSE that its revenue spreadsheets should remain under seal.
NYSE insists that documents showing certain revenues it earned between 2010 and 2019 have to remain sealed.
Major stock exchanges, such as Nasdaq and NYSE, claim David Lauer’s classifications of “HFT” and “non-HFT” firms lack any evidentiary support.
NYSE argues that the requests for additional testimony are overbroad, unduly burdensome, and unnecessary.