Inside these posts: High-frequency trading

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Ex-Goldman programmer gets 8 yrs for code theft

A former Goldman Sachs Group Inc computer programmer was sentenced to eight years in prison on Friday for stealing secret code used in the Wall Street bank’s valuable high-frequency trading system.

Sergey Aleynikov, was arrested by the FBI and charged in July 2009 with copying and removing trading code from Goldman before taking a new job at Teza Technologies LLC, a high-frequency trading startup firm in Chicago. Get the full story »