High Frequency Trading Cases Built On Concept Of Algorithmic Intent
On Tuesday, when high frequency trader Michael Coscia received a three-year prison sentence for a financial crime, it got industry practitioner attention. A clear message was sent amid a more nuanced approach the US Attorneys in Chicago are taking to combat acts that destabilize US markets.
Tough HFT prosecution designed to send a message to deter future market destabilizing acts
At a higher level, the DoJ isn’t looking at the Coscia case in the rear . . .
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