UBS refuses to produce trading data in HFT market manipulation case
Maria Nikolova, 26 November 2020
A landmark securities class action case involving allegations of market manipulation via high frequency trading (HFT) continues at the New York Southern District Court. The latest dispute in this case, which targets major US stock exchanges, concerns trading data. In particular, the plaintiffs in this case – a group of investors, allege that UBS Securities has to provide them with a decent volume of trade data. UBS, which is not a party to the litigation, says it does not have to do that.
On November 25, 2020, UBS Securities filed a Letter with the Court, requesting that the plaintiffs’ motion to compel it to produce a heavy volume of trade data be denied. Continue reading “Article: UBS refuses to produce trading data in HFT market manipulation case”