The Beginning of the Litigation Over High Frequency and High Speed Trading

High frequency trading. It’s a “growing cancer” on Wall Street, according to Charles Schwab.  It’s the subject of Flash Boys: A Wall Street Revolt, another great, investigative book by Michael Lewis.

Now the litigation is underway – see here for the plaintiff side and here for a defense side D & O article. The litigation will be fascinating, especially  looks into “dark pools” and “what did you know, and when did you know it. “