A recently revealed lawsuit by Chicago high frequency trading firm Jump Algorithms to identify an anonymous Twitter Inc (NYSE:TWTR) follower exposes an issue at the heart of what is considered the questionable side of the business.
Lawsuit seeks to learn the identity of the person tweeting anti-HFT messages
In a lawsuit filed in the Circuit Court of Cook County, Illinois on April 24, the HFT firm, more commonly known as Jump Trading, seeks to learn the identity of a person tweeting apparently anti-HFT messages and “posing as Jump Trading and infringing on Jump’s trademarks,” the complaint reads.
Jump Trading finds itself in the center of the DoJ investigation into HFT, it...
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