- Three former CBOT floor traders claim the CME and CBOT (both owned by CME Group) sold information to high-frequency traders - allowing them a peek at futures orders ahead of the rest of the market.
- “We have only one data feed, no one can buy it to be faster than anyone else,” says a spokeswoman for CME Group. “No trader can see any other person’s order until it hits the order book, when it is made public.”
- While the suit is not inspired by the Michael Lewis book, claims the trio's lawyer, she says her clients "felt vindicated" by it.
From other sites
CME : Duffy to Appear before the U.S. House Agriculture Subcommittee on Commodity Exchanges, Energy, and Creditat 4-traders.com (Tue, 2:19PM)
at Zacks.com (Mar 6, 2015)
at Investor's Business Daily (Feb 24, 2015)
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