Market researcher Eric Hunsader, one of the most vocal critics of high frequency trading (HFT), has a clear target: the core information access advantage pointed out in the book Flash Boysby the other Michael Lewis. Hunsader is involved as an expert witness in a lawsuit on May 23 to turn talk into tangible results.
HFT: Lawsuit against stock exchanges
In a class action lawsuit filed in US District court in the Southern District of New York, where much of the financial legal action takes place, the suit accuses thirteen of the major stock exchanges of providing privileged traders defacto early access to market moving information and allowing them a quicker route...
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