XTX alleges Currenex entered own trades ahead of users
Market-maker claims venue used triangular arb tool to trade before users
XTX Markets has demanded Currenex disclose details of a tool it claims allowed the venue to execute its own triangular arbitrage trades ahead of other users, as part of its ongoing class action against the State Street-owned venue.
State Street and Currenex are accused of granting preferential last look rights to Goldman Sachs and HC Technologies while enabling them to jump the queue on its order
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