Traders must communicate to trade. And to collude. The Manipulation Monitor covers the manipulation of the financial markets in violation of the antitrust laws.
When we last posted about In re. Commodity Exchange Inc. Gold Futures and Options Trading Litigation, the parties were embroiled in a dispute concerning the data underlying the detailed statistical Continue reading Settlement Approvals in Gold Fixing Antitrust Case
WWhen we last wrote about In re Aluminum Warehousing Antitrust Litigation (Direct Purchaser Plaintiffs), Index No. No. 14-cv-3116-PAE (S.D.N.Y.), United States District Judge Paul A. Engelmayer had recently denied class certification. (See post here.) In this post, we will be doing a quick catch-up on last years’ decision on Defendants’ motion for summary judgment against claims brought by the Individual Purchaser (“IPs”) and First Level Purchaser Plaintiffs (“FLPs” and the subsequent briefing of the still-pending appeal. Continue reading Aluminum Warehousing Antitrust Litigation Update
We’ve covered In re Mexican Government Bonds Antitrust Litigation, 18-cv-02830 (In re MGB) pretty extensively in the past so we thought it was appropriate to share one more post to wrap up our discussions of the settlements, and where the case goes from here. Continue reading Mexican Government Bonds Antitrust Litigation – Updates on Settlement and Reconsideration Motion
It has been a long while since we have updated this particular blog series, but we’re back again with a look at some of the more recent developments in the set of related litigations targeting certain practices adopted by several stock exchanges (the “Exchange Defendants”) which increase the speed at which high-frequency traders (“HFTs”) can execute their trades. For a full refresher, I’d encourage you to take a peek at our two previous posts on this topic, but let it suffice to say here that the investor plaintiffs believe that the Exchange Defendants – motivated by the increased fees associated with the rise of high-frequency trading – created products and services that allowed the HFT firms to prey on other investors via allegedly manipulative trading schemes. Continue reading Trickery in High Frequency Trading: Part 3
