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To address his lawyer's admission... as I said modified open-source code becomes proprietary so the lawyer isn't wrong. That is why he said that he violated the
by bravo22 11y ago
To address his lawyer's admission... as I said modified open-source code becomes proprietary so the lawyer isn't wrong. That is why he said that he violated the confidentiality agreement but that isn't the same as stealing trade secret. A company's trade secret isn't the same thing as proprietary code.
One of the legal qualification of trade secrets is that it is a method, process, etc. that isn't known or reasonably known by others for gaining advantage over competitors. It is their secret sauce.
I don't see anything here that suggests he took the ALGORITHM or DECISION MAKING process, or any such thing.
- tptacek 11y agoCan you point to the specific things you're relying on to determine what ALGORITHMS and DECISION MAKING processes may or may not have been taken? I'm not sure why I'm meant to be too concerned about which parts of the evidence you personally have or haven't seen.
- gd1 11y agoBesides, you're reasoning about this on a faulty premise. This is a common misconception that people outside the industry have regarding HFT. Let me assure you, often the decision making is trivial, the answer to the question of what to do can be quite obvious. Then it's more about who can do it faster, and that's all about the plumbing. Which he stole.