ECU claim for data is not speculative, says judge

The details of which data will be handed over have not been determined

Devil in the detail: costs and other specifics are still to be determined at a further hearing

The judge in the case of ECU Group’s application for data regarding three trades it executed with HSBC in 2006 has granted the currency manager’s request that the bank hands over data, messages and emails related to the orders in question, potentially opening the door to further litigation against foreign exchange banks.

If HSBC’s data can be used to prove the bank misled the currency manager in 2006, when it originally enquired about the execution of three stop-losses, ECU will be able to

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