NYSE refuses to disclose certain revenue details in HFT case
NYSE insists that documents showing certain revenues it earned between 2010 and 2019 have to remain sealed.
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.
NYSE seeks to rebuff challenges to its list of privileged documents in high frequency trading lawsuit.
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.