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Report: NY making HFT case against Credit Suisse

Jul. 27, 2015 10:38 AM ETCredit Suisse Group AG (CS) StockCSBy: Stephen Alpher, SA News Editor
  • By some measures, Credit Suisse's (CS -0.8%) Crossfinder dark pool is Wall Street's largest, trading more so-called Tier 1 stocks than any other private exchange.
  • New York Attorney General Eric Schneiderman is prepping a civil case against the bank, reports Charlie Gasparino, marking the 2nd major civil action since his office opened a probe last year.
  • The exact nature of the charges is unclear, but a source says they will be similar to the "latency arbitrage" case launched against Barclays last year (Barclays has asked a judge to dismiss).

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