Perry Speaks with Law360 on Panther Energy Indictment
Braden Perry recently spoke with Law360 regarding the HFT spoofing indictment filed against Panther Energy Trading, LLC. The indictment, alleging Panther Energy designed and deployed algorithms that issued and canceled orders within milliseconds — faster than the blink of an eye but long enough to be detected by other automated trading programs that troll the markets. These actions “spoofed” the markets with enormous buy or sell orders that were canceled almost instantaneously, all to win illegal profits by manipulating the price of futures contracts. The action, according to Perry, protects high frequency traders and ensures integrity in the markets. To view the article, please visit: http://www.law360.com/articles/585723/gov-t-goes-to-bat-for-high-speed-traders-in-spoofing-case
Kennyhertz Perry is a business and litigation law firm dedicated to serving regulated businesses and entrepreneurs. The Kansas City area firm was founded by John Kennyhertz and Braden Perry, both of whom have extensive experience in business law, litigation and financial services.