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Market-maker claims venue used triangular arb device to commerce earlier than customers
XTX Markets has demanded Currenex disclose particulars of a device it claims allowed the venue to execute its personal triangular arbitrage trades forward of different customers, as a part of its ongoing class motion towards the State Avenue-owned venue.
State Avenue and Currenex are accused of granting preferential final look rights to Goldman Sachs and HC Applied sciences whereas enabling them to leap the queue on its order e book in the course of the early 2000s. XTX argues that had it been conscious of the alleged practices, it will not
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