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I don't believe the prosecutor that this represents a U.S. national security risk. It takes a lot more than a trading algorithm to throw off markets. It takes a
by nathanwdavis 17y ago
I don't believe the prosecutor that this represents a U.S. national security risk. It takes a lot more than a trading algorithm to throw off markets. It takes a lot of money, and U.S. traders with a lot of money are already doing this. It's called arbitrage.
This is definitely an IP loss for Goldman, but it is not as big of a deal as they are making it out to be. Chances are the U.S. Attorney's office has access to Goldman's pockets.