Traders must communicate to trade. And to collude. The Manipulation Monitor covers the manipulation of the financial markets in violation of the antitrust laws.
The parties have apparently settled the remaining claims in the Aluminum Warehousing MDL. Continue reading Apparent Settlement in the In re Aluminum Warehousing Antitrust Litigation
Back in February, we posted an update on the high frequency trading litigation, covering the motion for class certification recently filed in the multi-district litigation. Today, we’re here with a quick update on a recent decision, this time on Defendant’s Rule 56 motion for summary judgment on the ground that Plaintiffs lack Article III standing. Defendants simultaneously moved to exclude the expert testimony on which Plaintiffs relied to prove standing. The court granted both motions, stating that “Plaintiffs have not put forward evidence from which a jury could reasonably conclude they have suffered an injury in fact that is fairly traceable to the Exchanges’ sale of these products and services[.]” Continue reading Trickery in High-Frequency Trading: Part 4
