Major stock exchanges hit the curb in HFT case
The New York Southern District Court has denied a motion by top stock exchanges to vacate prior orders in high frequency trading (HFT) lawsuit.
The New York Southern District Court has denied a motion by top stock exchanges to vacate prior orders in high frequency trading (HFT) lawsuit.
Institutional investors appeal from a ruling in favor of major stock exchanges, such as NYSE and Nasdaq, in high-frequency trading (HFT) case.
Major stock exchanges, such as Nasdaq and NYSE, claim David Lauer’s classifications of “HFT” and “non-HFT” firms lack any evidentiary support.
NYSE seeks to rebuff challenges to its list of privileged documents in high frequency trading lawsuit.
The point of disagreement concerns a list of documents that the New York Stock Exchange (NYSE) has designated as privileged.
UBS Securities insists that the plaintiffs’ demands mean that it would have to produce overbroad trade data associated with other non-parties to the case.