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This reminds me of the scene in "The Social Network" where Mark Zuckerburg sits in front of the Harvard disciplinary board for hacking into house face books to
by andjones 16y ago
This reminds me of the scene in "The Social Network" where Mark Zuckerburg sits in front of the Harvard disciplinary board for hacking into house face books to harvest student images.
The Zuckerburg in the movie thought that he deserved credit for pointing out security vulnerabilities in the Harvard network.
I do not believe the actions of these traders (or Zuckerburg) were correct. That being said, I still think their actions have value.
One way we learn is through our mistakes. There are many proprietary electronic trading platforms. Who checks them for bugs? Who checks them for accuracy or possible manipulation? I do not think these Norwegian programmers should be gaming a trading robot. At the same time, the SEC and other market regulators need to uphold their end of the bargain. If they would like to see a fair market, I think they should check trading robots for possible manipulation.