A federal judge has dismissed numerous lawsuits against Barclays and a host of exchanges by rejecting claims that the bank rigged its " dark pool " trading venue in favour of high - frequency traders . This is a boost for Barclays , which has been hit by a number of big legal settlements recently including a $ 2.4bn penalty in May for manipulating foreign exchange transactions . Additionally , investors may be better positioned now to take a harder line in a dispute with the New federal attorney - general , who is also suing the bank over ' dark pools ' .
A US judge has dismissed investor lawsuits against Barclays and a host of exchanges by rejecting claims that the bank rigged its "dark pool" trading venue in favour of high-frequency traders. This is a boost for Barclays, which has been hit by a number of big legal settlements recently including a $2.4bn penalty in May for manipulating foreign exchange rates. Additionally, Barclays may feel better positioned now to take a harder line in a dispute with the New York attorney-general, who is also suing the bank over 'dark pools'.