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IPFS News Link • Economy - Economics USA

Arrest Over Software Illuminates Wall St. Secret

• NY Times
Mr. Aleynikov, who is free on $750,000 bond, is suspected of having taken pieces of Goldman software that enables the buying and selling of shares in milliseconds. Banks and hedge funds use such programs to profit from tiny price discrepancies among markets and in some instances leap in front of bigger orders.

1 Comments in Response to

Comment by Lola Flores
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 So, they're now gonna blame this Aleynikov dude for all our woes - the fact that he sounds Russian is mighty convenient - and forget about the real thieves, the ones at the top who orchestrated and carried out the rape & pillage of an entire nation.