New York Attorney General Sues Barclays Over HFT

Mark Melin

Published onJune 25, 2014

Updated on May 13, 2021

Bloomberg’s Keri Geiger is reporting that New York Attorney General Eric Schneiderman will announce at 4pm ET that Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) will be sued over fraud allegations related to its Dark Pool's preferential treatment of high-frequency traders.

Barclays being sued by New York Attorney General

“Barclays PLC is being sued by New York’s attorney general over allegations that the bank’s dark pool gave high-frequency traders advantages over other customers, despite saying otherwise,” Bloomberg reported, quoting a person familiar with the matter.

This will be the first criminal action related to high frequency trading since...

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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.

New York Attorney General Sues Barclays Over HFT

Barclays being sued by New York Attorney General

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