Lawsuit Against Exchanges Over Unfair Advantage For HFT

[nitro]

"A federal judge dismissed three class-action lawsuits alleging stock exchanges gave high-frequency traders an unfair advantage, according to court documents.

The suits were inspired by allegations made in author Michael Lewis’ book “Flash Boys,” which last year argued the stock market was rigged in favor of exchanges, big banks and high-frequency traders.

Harold Lanier, an individual investor and plaintiff in a case that included three proposed class actions, alleged that exchanges created an unfair marketplace by giving some trading firms and banks a faster data feed for stock market prices than the data feed used by other market participants...."


http://www.wsj.com/articles/lawsuit...r-high-frequency-traders-dismissed-1430326045

 

[nitro]

 

[nitro]

 

[syswizard]

by giving some trading firms and banks a faster data feed for stock market prices than the data feed used by other market participants...."

silly and stupid.....
akin to suing BMW because they sold my neighbor a car and he can get to work faster than I could...that's not fair !!!

 

[Balliwygon]

Its correct, they are killing chances of others to rise. Those who don't have faster speeds are out of competition without facing it.

 

[RedDuke]

It used to be specialist who had the advantage, now HFTs later it will be something else. While I think HFTs have unfair advantage, who ever said that world is fair. You can join them, establish your own or find another niche to trade. Market offers many opportunities, and there always will be those who have "unfair" advantage.