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Message: From GoLocalWorcester by Dan Forbes, GoLocalProv MINDSETTER™: It was just a matter of time before the practice of high frequency trading, recently exposed on a national stage by Michael Lewis, faced a legal challenge. Front running typically pertains to one party buying or selling based on another parties’ non-public trading information. With that in mind, the initial class action lawsuit (filed by the city of Providence) may have merit, based on the accusation that high frequency traders front run electronically. It will also be interesting to see how any projected damages would be calculated. There are plenty of well known names on the list of defendants and the number of plaintiffs is expected to grow. http://www.golocalworcester.com/business/friday-financial-five-april-25th-2014
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