FARM BUSINESS NEWS
Futures Traders Sue CME
Tue Apr 15, 2014 08:10 AM CDT

(Dow Jones) -- Three futures traders have filed a lawsuit against CME Group Inc. alleging the exchange operator sold data to high-frequency traders ahead of other participants that also paid to see the data first.

The lawsuit, filed Friday in an Illinois District Court, is seeking class-action status on behalf of users that have traded futures contracts on the Chicago Board of Trade and the Chicago Mercantile Exchange from 2007 until April of this year.

The plaintiffs allege CME charged exchange and data fees for real-time price data, and purported that the data was sold to the users in real ...

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