Barclays PLC HFT Charges “More Interesting Than Flash Boys”

New York Attorney General Eric Schneiderman’s complaint alleging Barclays Capital engaged in fraud “was more interesting reading than Flash Boys,” said one high frequency trading (HFT) critic while other bank brokerage analysts assess the impact on the Barclays PLC  business model going forward. Barclays PLC claims their trades were safe from HFT predators The civil complaint alleges that while Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) claimed to their brokerage clients their trades were safe from HFT predators, while in fact the opposite was true. Systems advertised as monitoring HFT activity were overridden to avoid detecting HFTs and predators were encouraged to operate…