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Fideres Writes To The European Commission To Flag The Anticompetitive Implications Of IBAN Discrimination
Fideres flags the anticompetitive implications of IBAN discrimination with the European Commission.
Fideres was retained by Plaintiffs’ counsel Lowey Dannenberg to provide financial expertise, develop economic evidence of harm and estimate damages for the Class in this financial market manipulation case.
Defendants, a group of futures traders and the trading firm that employed them, unlawfully and intentionally manipulated E-mini Dow Futures contracts, E-mini S&P 500 Futures contracts, and E-mini NASDAQ 100 Futures contracts (collectively, “E-Mini Index Futures”) traded on the Chicago Mercantile Exchange (“CME”) and/or the Chicago Board of Trade (“CBOT”), as well as Options on E-Mini Index Futures.
Fideres provided expert services to Plaintiffs’ counsel by conducting a market-wide analysis of spoofs using public data, identifying potential spoof trades by the defendants, assessing the impact of defendants’ alleged conduct on each affected instrument, and estimating class-wide damages.
The case settled for USD 15m in April 2021.
Fideres flags the anticompetitive implications of IBAN discrimination with the European Commission.
The Italian law firm Scoccini & Associati and the Spanish law firm CCS Abogados, supported by the litigation fund ALI – Antritrust Litigation...
Fideres’s Analyst, Marco Ragusa, was awarded second place in the fourth edition of the Luigi Prosperetti Graduation Award.
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