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Old 07-07-2009, 10:39 AM
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taped Russian steals Goldman Sachs secret code

Quote:
While most in the US were celebrating the 4th of July, a Russian immigrant living in New Jersey was being held on federal charges of stealing top-secret computer trading codes from a major New York-based financial institution—that sources say is none other than Goldman Sachs.

The allegations, if true, are big news because the codes the accused man, Sergey Aleynikov, tried to steal is the secret code to unlocking Goldman’s automated stocks and commodities trading businesses. Federal authorities allege the computer codes and related-trading files that Aleynikov uploaded to a German-based website help this major “financial institution” generate millions of dollars in profits each year.

The platform is one of the things that apparently gives Goldman a leg-up over the competition when it comes to rapid-fire trading of stocks and commodities. Federal authorities say the platform quickly processes rapid developments in the markets and uses top secret mathematical formulas to allow the firm to make highly-profitable automated trades.

http://blogs.reuters.com/commentarie...ading-scandal/
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Old 07-07-2009, 10:47 AM
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Hey, system trader JJ,

Next is ur codes

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Old 07-07-2009, 10:48 AM
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Originally Posted by edakad View Post
Hey, system trader JJ,

Next is ur codes


Senorita is guiding my codes -->
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Old 07-07-2009, 10:56 AM
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Originally Posted by JJ View Post
Federal authorities say the platform quickly processes rapid developments in the markets and uses top secret mathematical formulas to allow the firm to make highly-profitable automated trades.

Thanks for this useful information
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Old 07-07-2009, 11:06 AM
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Originally Posted by the tape View Post
Thanks for this useful information

Contact the Russian for the real infos :2p
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Old 07-07-2009, 07:29 PM
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Quote:
development of a distributed real-time co-located high-frequency trading platform. In his own words, he goes on to describe the platform as a very low latency (microseconds) event-driven market data processing, strategy and order submission engine.

some section of the codes are said to be leaked...
#include <GetMoreSuckersInAIG>
#include < DestroyLehmanBros >
#include < LateDaySurpriseRally >
#include < SellDownFedDecisionThenRunItHard >
#include < PlungeProtectionTeamReadyToGo >
#include <FrontRunning>
#include <LiquidityCrunch>

Quote:
The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways, Facciponti said, according to a recording of the hearing made public today.

Why the hell are they worried... thats exactly what those algos are supposed to do

PS: 100000 microseconds= 1 second
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Last edited by Saurabh; 07-07-2009 at 07:31 PM.
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Old 07-07-2009, 07:41 PM
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Originally Posted by JJ View Post
Senorita is guiding my codes -->

:tellme::tellme:
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Old 07-07-2009, 08:13 PM
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Originally Posted by sgsm View Post
:tellme::tellme:

Looks like you haven't heard the Senorita stories.
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Old 07-07-2009, 08:46 PM
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Originally Posted by JJ View Post
Senorita is guiding my codes -->


Remember Second Lady ?
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Old 08-07-2009, 01:25 AM
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Originally Posted by JJ View Post
http://blogs.reuters.com/commentarie...ading-scandal/

Today He released on Bail.
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