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…
HFT Lawsuit To Reveal Anonymous Tweeter Uncovers Much More
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.