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. The decision to dismiss the cases was made on Friday after lawyers representing investors argued they had not proved their case beyond reasonable doubt.
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'.