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The only companies that pull this shit are already circling the drain. No. Goldman Sachs is doing quite well, thanks. [0] [0] http://www.wired.com/threatleve

• busterarm 13y ago
  Actually no they're not. Goldman Sachs has never been competitive in HFT. Him leaving was a big loss to them and a big part of why they prosecuted him. Goldman is successful because of corporate banking, investment banking, mutual funds and prime brokerage. HFT is just one strategy and one that is persistently a flusher at Goldman. Edit: Goldman lost its culture and with it the only thing that made them great. They still have name recognition with people outside of finance but to most people with industry experience it's not the first-choice place to go work anymore (like for almost 10 years now). In fact, their reputation is growing increasingly negative with insiders. They will still be a darling for pensions and corporate bank customers for quite a while because longevity and name recognition are everything in that business. (Full disclosure: used to work with HFT infrastructure for a NY hedge fund)