High Frequency Trading Investigation

Chimicles & Tikellis LLP is investigating potential state and federal claims pertaining to High Frequency Trading.   High Frequency Trading is a term for the use of sophisticated technology, computing power and trading algorithms to transact a large number of market orders in milliseconds.  High frequency trading firms pay an annual fee of $180,000 to exchanges for the high-frequency data feeds which enables these firms to receive traders prices and market data one millisecond ahead of those traders who use a slightly slower feed which is known as the securities information processor (“SIP”).  The annual fee for a SIP feed is $2,000.   The free feeds viewed by retail investors typically lag 15 to 20 minutes behind the High Frequency feeds.  If you have information about High Frequency Trading especially concerning the fees charged for these feeds, please click on the “Email about this Case” button to contact the attorneys below.