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Judge says commodities traders chose wrong target when suing CME over high frequency traders' market manipulation

Scott Holland Dec. 4, 2015, 11:15pm

A federal judge has ruled a group of commodity traders who felt they had been harmed by the manipulative activities of so-called “high frequency traders” had misplaced their grievance when they filed a complaint against the Chicago Mercantile Exchange. The putative class action, represented by plaintiffs William Charles Braman, Mark Mendelson and John Simms, alleged the CME granted unfair advantages to certain classes of traders.