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Futures traders sue CME over real-time data

Suit alleges high-frequency traders were sold data ahead of other customers that had paid to see it first

Three futures traders have filed a lawsuit against CME Group alleging the exchange operator sold data to high-frequency traders ahead of other participants that also paid to see the data first.

The lawsuit, filed Friday in an Illinois District Court, is seeking class-action status on behalf of users that have traded futures contracts on the Chicago Board of Trade and the Chicago Mercantile Exchange from 2007 until April of this year.

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