Stealing Software - the new stock market game

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	Stealing Software - the new stock market game

ruralart

8-24-2009 9:07 AM

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stocks, investment, markets

ruralart says:

Amazing!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/772a0627-58b8-4129-b99a-27cfd80f738d/D3376AAA-D3A5-43A8-82B0-9EB82FCDBD40/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2009/08/24/business/24trading.html?pagewanted=1&th&adxnnl=1&emc=th&adxnnlx=1251119022-1qKGBfm7/xb4Wy3H0Y17JQ#" href="http://www.nytimes.com/2009/08/24/business/24trading.html?pagewanted=1&th&adxnnl=1&emc=th&adxnnlx=1251119022-1qKGBfm7/xb4Wy3H0Y17JQ#" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/08/24/business/24trading.html?pagewanted=1&th&adxnnl=1&emc=th&adxnnlx=1251119022-1qKGBfm7/xb4Wy3H0Y17JQ#"><P>Little understood outside the securities industry, the business has suddenly become one of the most competitive and controversial on Wall Street. At its heart are computer programs that take years to develop and are treated as closely guarded secrets.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/08/24/business/24trading.html?pagewanted=1&th&adxnnl=1&emc=th&adxnnlx=1251119022-1qKGBfm7/xb4Wy3H0Y17JQ#"><P>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. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/08/24/business/24trading.html?pagewanted=1&th&adxnnl=1&emc=th&adxnnlx=1251119022-1qKGBfm7/xb4Wy3H0Y17JQ#"><P>But no one disputes that <A title="More articles about high-frequency algorithmic trading." href="http://topics.nytimes.com/top/reference/timestopics/subjects/h/high_frequency_algorithmic_trading/index.html?inline=nyt-classifier">high-frequency trading</A>  is highly profitable. The Tabb Group, a financial markets research firm, estimates that the programs will make $8 billion this year for Wall Street firms. Bernard S. Donefer, a distinguished lecturer at <A title="More articles about Baruch College" href="http://topics.nytimes.com/top/reference/timestopics/organizations/b/baruch_college/index.html?inline=nyt-org">Baruch College</A> and the former head of markets systems at Fidelity Investments, says profits are even higher. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D3376AAA-D3A5-43A8-82B0-9EB82FCDBD40/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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