Lawsuit: Chicago Futures Market Creates "Guaranteed Winners and Guaranteed Losers"

``what Judge Charles P. Kocoras has been hearing in this case for months are these hair-raising charges of "clandestine" contracts between the futures exchanges and high frequency traders; that the exchange is giving high frequency traders early peeks at data before the rest of the market under a process known as the "Latency Loophole"; and that potentially as much as 50 percent of the trades on the exchange are "wash trades.''