Currenex loses US court bid to reveal XTX trade secrets
Judge also rules the venue must reveal its own matching code in class action case
An attempt by Currenex to force XTX Markets to reveal its foreign exchange trading source code has been rejected by a US judge and the venue will now have to reveal its own matching code, in the latest setback for the platform’s class action defence.
The ruling from the Southern District Court of New York follows a motion brought by the plaintiffs – XTX Markets and trading firms Edmar Financial and Irish Blue & Gold – on July 3 to compel Currenex to produce its matching logic, arguing that the
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