BofA, NYSE, Brokerages Sued in High-Frequency Trading Case

Apr 18, 2014 4:20 pm ET

April 18 (Bloomberg) -- Bank of America Corp., the New York Stock Exchange and dozens of exchanges, brokerages and traders were sued over high-frequency trading by the city of Providence, Rhode Island.

The city filed its complaint today in federal court in Manhattan.

Scrutiny of high-frequency trading and whether it gives some investors unfair advantage intensified this year amid government probes and the March 31 publication of “Flash Boys” by Michael Lewis.