Lawsuit claims CME gave high-frequency traders special access

The Chicago Mercantile Exchange is pictured

A group of traders has sued CME Group Inc, accusing the operator of the world's largest derivatives exchange of selling market data to high frequency traders, cheating other investors who lacked such access. In a complaint filed on Friday in the U.S. District Court in Chicago, William Braman, Mark Mendelson and John Simms said CME and its Chicago Board of Trade unit have since 2007 given high-frequency traders early access to buy and sell orders. CME, which is based in Chicago, has denied wrongdoing. The trading is being probed by the U.S. Department of Justice and other federal and state investigators, and came under increased scrutiny with the recent publication of Michael Lewis' book "Flash Boys: A Wall Street Revolt." CME in a statement said Friday's lawsuit was "devoid … [Read more...]

Vietnam frees two more political activists

Nguyen Tien Trung stands between wreaths during a funeral for Hoang Minh Chinh in Hanoi

(Reuters) - Vietnam has freed two more political dissidents, making it three activists released in the space of a week, as pressure increases on the communist government to stop jailing its critics. Nguyen Tien Trung, a 30-year-old blogger, was freed from a prison in southern Ho Chi Minh City on Saturday, his father said. Vi Duc Hoi, 56, a former communist party member who became a democracy activist, was released on Friday, London-based rights group Amnesty International confirmed on Monday. Trung's father, Nguyen Tu Tu said it was a positive move by the authorities and hoped more would follow. … [Read more...]

Turkey accuses Twitter of ‘tax evasion’, calls for local office

Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara

By Orhan Coskun ISTANBUL (Reuters) - Turkey urged executives from Twitter to open an office and start paying Turkish tax on Monday in the first direct talks since a two-week ban imposed on the site as the government battled a corruption scandal. Prime Minister Tayyip Erdogan's government blocked Twitter and YouTube in March, drawing international condemnation, after audio recordings, purportedly showing corruption in his inner circle, were leaked on their sites. YouTube remains largely blocked in Turkey. The prime minister on Saturday accused Twitter of being a "tax evader", repeating his combative stance ahead of the talks between his government and the San Francisco-based company. … [Read more...]

Report projects health care costs to dip slightly

WASHINGTON (AP) — The Affordable Care Act's health insurance subsidies will cost a little less than previously thought, according to a new report released Monday. … [Read more...]

APNewsBreak: Russian jet passes near US warship

WASHINGTON (AP) — A Russian fighter jet made multiple, close-range passes near an American warship in the Black Sea for more than 90 minutes Saturday amid escalating tensions in the region, U.S. military officials said Monday. … [Read more...]