The Real Story of Trading Software Espionage
Much has been made of the 32MB of Goldman Sachs’ proprietary algorithmic trading code (“trading secrets”) allegedly stolen by Sergey Aleynikov, now portrayed in the financial media as the new Julius Rosenberg, Aldrich Ames, Robert Hanssen and John Walker all rolled into one. That may prove to be true; but while it makes for a great news story at this point in time, it highlights the new significance of high frequency trading—which is built on this technology—in the marketplace.
