Claims that Barclays rigged its dark pool venue were rejected
A US judge has dismissed investor-brought
lawsuits against seven US exchanges and Barclays, which accused
the companies of rigging markets at their expense, in order to
give high-frequency traders market advantages.
In a hearing in Manhattan on Wednesday, US
District Judge Jesse Furman rejected the claims.
The seven exchanges accused are BATS
Global Markets, Chicago Stock Exchange, Direct Edge ECN LLC,
the Nasdaq Stock Market, Nasdaq OMX BX, New York Stock Exchange
LLC, and NYSE Arca Inc, as well as dark pool operator Barclays
Capital Inc. and its parent company Barclays PLC.
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