The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Fri, 21 Aug 2026 13:20:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.10 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Increased Scrutiny of High-Frequency Trading – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Increased Scrutiny of High-Frequency Trading https://corpgov.law.harvard.edu/2014/05/23/increased-scrutiny-of-high-frequency-trading/?utm_source=rss&utm_medium=rss&utm_campaign=increased-scrutiny-of-high-frequency-trading https://corpgov.law.harvard.edu/2014/05/23/increased-scrutiny-of-high-frequency-trading/#comments Fri, 23 May 2014 13:00:15 +0000 http://blogs.law.harvard.edu/corpgov/?p=63507?d=20141215161022EST Posted by Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Friday, May 23, 2014
Editor's Note:

The following post comes to us from Matthew Rossi, partner in the Securities Litigation & Enforcement practice at Mayer Brown LLP, and is based on a Mayer Brown Legal Update by Mr. Rossi, Joseph De Simone, and Jerome J. Roche. The complete publication, including footnotes, is available here.

Following the publication of Michael Lewis’ new book, Flash Boys: A Wall Street Revolt (“Flash Boys”), plaintiffs’ lawyers and US government regulators have increasingly focused their attention on financial institutions participating in high-frequency trading (“HFT”). Less than three weeks after the release of Flash Boys, private plaintiffs’ lawyers filed a class action lawsuit against 27 financial services firms and 14 national securities exchanges (with additional defendants likely to be named later) alleging that the defendants’ HFT practices in the US equities markets violated the anti-fraud provisions of the federal securities laws. Plaintiffs’ lawyers filed a separate action against The CME Group, Inc. (“CME”) and The Board of Trade of the City of Chicago (“CBOT”) containing similar allegations in US derivatives markets.

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