The Traderszone Network

Published in TZ Latest News 7 December, 2015 by The TZ Newswire Staff

CME Defeats Suit Alleging It Favored High-Frequency Traders

(Bloomberg) — CME Group Inc., owner of the world’s largest futures market, defeated a lawsuit by some users who alleged the company sold access to order information to high-frequency traders ahead of other market participants.

A Chicago federal judge dismissed the complaint Thursday, saying the traders failed to state a claim in their April 2014 complaint that would allow their class-action case to proceed.