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Serge Aleynikov
’The Cold War in high frequency trading turns hot
The Cold War in high-frequency trading seems to have escalated overnight.
July 9 (Bloomberg) — Citadel Investment Group LLC, the $12 billion hedge fund firm founded by Ken Griffin, sued three former executives and the firm they started,
The Cold War in high frequency trading
This April 2009 quote from Rick Bookstaber, with its overtones of Cold War mutually-assured destruction, seems eerily prophetic given recent events involving the alleged theft of Goldman Sachs’ proprietary high-frequency trading code by a programmer of Russian origin:
Code theft could cost Goldman millions
The purported theft of a Goldman Sachs trading platform by Serge Aleynikov threatens to cost it millions of dollars, Reuters reported, citing a court hearing, but so far the bank has not reported damage to its business.