- Category:
- Common Interest - Current Events
- Description:
- Sergey Aleynikov is the man who is alleged to have stolen Goldman Sachs proprietary program trading software. Indirectly he has given us all a priceless insight into the the dark side world of the mega market makers in the world of finance.
- Privacy Type:
- Open: All content is public.
Jason
Zach
Sergey Aleynikov Fan Club
Join- Name:
- Sergey Aleynikov Fan Club
- Category:
- Common Interest - Current Events
- Description:
- Sergey Aleynikov is the man who is alleged to have stolen Goldman Sachs proprietary program trading software. Indirectly he has given us all a priceless insight into the the dark side world of the mega market makers in the world of finance.
- Privacy Type:
- Open: All content is public.
- News:
- Aug 24 - NYT
Arrest Over Software Illuminates Wall St. Secret
http://flq.us/Ak
Aug 17 - Bloomberg
Ex-Goldman Sachs Programmer Aleynikov Wants Dismissal
http://www.bloomberg.com/apps/news?pid=20601087&sid=aS2A2Yb6Q4Vc
Aug 10
US judge denies Goldman motion on ex-programmer
Mon Aug 10, 2009 9:52pm EDT
NEW YORK, Aug 10 (Reuters) - A U.S. judge on Monday denied a motion by Goldman Sachs Group Inc (GS.N) to quash a request for personnel information on a former computer programmer accused of stealing trade secrets from the firm.
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1048048720090810
Aug 10 - Sergey strikes back
Matthew Goldstein
The case of Sergey Aleynikov, the former Goldman Sachs programmer charged with stealing some of the top secret code to the investment bank’s high-frequency trading program, is going on the offensive.
Aleynikov has filed a subpoena on his former employer, seeking access to some information. And Goldman has responded by filing a motion in federal court to quash the subpoena. Goldman filed its motion on Aug. 6, a source familiar with the matter says.
http://blogs.reuters.com/commentaries/2009/08/10/sergey-strikes-back/
Sergey Aleynikov Strikes Back, Files Goldman Subpoena
From: Zero Hedge
Sergey's alleged Goldman code-theft case, which seemed to be on the fast track to being promptly settled out of court, just took an odd turn. Matt Goldstein over at Reuters reports that instead of keeping quiet, Sergey has taken the offensive and has filed a subpoena on Goldman Sachs, "seeking access to some information." Goldman's response is a not very surprising motion in federal court to quash the subpoena.
http://www.zerohedge.com/article/sergey-aleynikov-strikes-back-files-goldman-subpoena
Jul 20 - Google HFT search up 500%
People Becoming Curious About High Frequency Trading... Too Curious?
Posted by Tyler Durden at 10:18 AM
The only benefit from Sergey's recent brush with Goldman Sachs, a/k/a the FBI, seems to have been an increased curiosity if not awareness in this most nebulous topic by pretty much everyone with an even remote interest in Wall Street... a 500% increase over one month in fact.
http://zerohedge.blogspot.com/2009/07/people-becoming-curious-about-high.html
Jul 17 - The Code
There have been at least 32MB of nonsense written in the MSM and blogs about the nature of the code placed on the German server. It is a testament to the 'research skills' of the writers to discover that the crux of the matter is plainly stated in the transcript of the Jul 4 court proceedings, to wit:
"...this software interfaces with the various markets and exchanges..
What this program does is connect and draw information from stock exchanges around the country, and it draws them in very small increments of time. One of the bank officers described it as milliseconds of time. And it is very efficient at processing that stock information and sending to the bank’s programs that conduct trades based upon algorithms that are developed by mathematicians and physicists."
Thus, the suspicion that I have stated elsewhere, borne out by a perusal of Sergey Aleynikov's career, is confirmed. The code in question is not the trading algorithm software but that dealing with the message transmission interface between the actual trading software and the exchanges or other intermediaries. This is entirely consistent with the latency expertise of SA.
July 14th, 2009 Breaking News ...........
Goldman Sachs breaks silence on alleged code theft
After more than a week of silence, Goldman Sachs finally commented publicly on the alleged theft of computer codes by former programmer Sergey Aleynikov saying losses sustained as a result would be “very, very immaterial.”
http://flq.us/wG
