Securities,
Civil Litigation,
Corporate,
Administrative/Regulatory
Dec. 26, 2017
Market efficiency in the world of high-frequency trading
The recent decisions of several district courts within the 9th Circuit, however, align with the 2nd Circuit's determination that market efficiency can be established by indirect indicia of market efficiency.
Ex Kano S. Sams II
Partner
Glancy, Prongay & Murray LLP
Phone: (310) 201-9150
Email: esams@glancylaw.com
High-frequency trading, which employs computer algorithms to facilitate trading at extremely high speeds, leads to more efficient markets. Indeed, high-frequency trading can enable market participants to capitalize upon the most current information reflected in stock prices. Against this backdrop, the recent decision of the 2nd U.S. Circuit Court of Appeals in Waggoner v. Barclays PLC, 875 F.3d 79 (2d Cir. 2017), makes eminent sense -- and ...
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