<em>In re: Barclays Liquidity Cross and High Frequency Trading Litigation</em>: A Review of the Litigation and Enforcement Landscape Surrounding High Frequency Trading

In re: Barclays Liquidity Cross and High Frequency Trading Litigation: A Review of the Litigation and Enforcement Landscape Surrounding High Frequency Trading


By: James Kitching, Stephen M. Juris, Caroline Lassabliere

Last week, a federal district court judge in New York overseeing several multidistrict litigation (“MDL”) proceedings dismissed all claims against Barclays PLC, Barclays Capital Inc., and several major U.S. stock exchanges (the “Exchanges”), including NASDAQ, the New York Stock Exchange, BATS Global Markets, and the Chicago Stock Exchange, brought by pension funds and other investors accusing the Exchanges of manipulation and other market abuse in connection with high frequency trading (“HFT”). This alert briefly analyses the court's decision in In re: Barclays Liquidity Cross and High Frequency Trading Litigation and other recent legal developments relating to HFT in the U.S. and E.U.

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