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Only if you're talking HFT, most quant trading isn't HFT.
by ig1 16y ago
Only if you're talking HFT, most quant trading isn't HFT.
- yummyfajitas 16y agoThat is what JSig was discussing, no? "...somebody who knew how to use this program could use it to manipulate markets in unfair ways," said Assistant U.S. Attorney Joseph Facciponti [in regards to the code taken by Sergey Aleynikov] (Aleynikov is the guy who allegedly stole code from Goldman.)
- ig1 16y agoYes the GS code was HFT, but the article is discussing the MS case where there's no indication the code was HFT, the article mistakenly assumes all quant trading code is HFT.