Are Algorithmic Trading Lawsuits On The Horizon?

As cattle ranchers and the CMEGroup discuss the issue of high frequency trading causing volatility, could lawsuits regarding damage caused by algorithmic trading be in the future? One legal observer thinks so. Algorithmic trading will face more lawsuits says legal observer The point at which algorithmic traders have found themselves in court has already passed, as the “Coscia spoofing” trial resulted in individual criminal punishment, sending a benchmark message to would-be market manipulators. But that could just be the beginning as a new threat of civil lawsuits for those damaged could emerge. “Algorithmic trading will create a whole host of…