Mr Bean caught stealing Goldman’s code
Developing story in the automated trading world. A few days ago the Russian immigrant Sergey Aleynikov(LinkedIn) was arrested on charge of stealing Goldman Sachs’ source code for high frequency automated trading software.
This Aleynikov made 400k a year at GS and was responsible for “development of a distributed real-time co-located high-frequency trading platform”. He left the Wallstreet powerhouse for the new firm Teza who paid him 1,2 million a year. Teza is a startup by former Citadel traders. Strange enough, after his very first day at his new job he was arrested for allegedly trying to steal Goldman’s trading secrets.
The Reuters commentary and especially the well-informed weblog Zerohedge smell a rat in this strange case. Suggestions are GS may just want to corner a possible competitor. Anyhow, this affair may help giving an insight in the secretive business of Wallstreet’s program trading. And Sergey? The Russian ballroomdancer / programmer / actor is evolving into some kind of cult hero. Mr Bean bringing down Goldman, who knows.
Russian programmers don't need to steal source codes so they could repeat somewhere else the same. They have not China or Dutch menality – source codes is nothing for a good Russian programmer !
Vashe Zdorovie!
yeh, algorithims go through a bit more development than just code used to define the interactions of a piece of software. These are built up from lots of research, trial and testing – worth millions, if not billions.
It's not about programming in C++ you know.
I find it very suspect,in that after the original "Hype", actual information on this case has totally disappeared.
Something feels very wrong on how no further info is forth coming as to the status and disposision of this case.
[…] It’s currently out of fashion, but last years papers were filled with reports of traders getting busted stealing their employers secret software code. We’ve seen the alleged code thief at Goldman Sachs, Aleynikov. […]