This seems to be an emerging juicy story related to Goldman Sachs and possible theft of its proprietary automatic computer trading codes. Hat-tip to D&S collective member Ben C. for the link to this post on the blog Zero Hedge. It is interesting that some of the details about the guy who supposedly stole the code come from his Linked-In page.
Is A Case Of Quant Trading Sabotage About To Destroy Goldman Sachs?
- Lead development of a distributed real-time co-located high-frequency trading (HFT) platform.The main objective was to engineer a very low latency (microseconds) event-driven market data processing, strategy, and order submission engine. The system was obtaining multicast market data from Nasdaq, Arca/NYSE, CME and running trading algorithms with low latency requirements responsive to changes in market conditions.
- Implemented a real-time monitoring solution for the distributed trading system using a combination of technologies (SNMP, Erlang/OTP, boost, ACE, TibcoRV, real-time distributed replicated database, etc) to monitor load and health of trading processes in the mother-ship and co-located sites so that trading decisions can be prioritized based on congestion and queuing delays.
- Responsible for development of real-time market feed handlers, order processing engines and trading tools at a Quantitative Equity Trading revenue-making HFT desk.
Read the full post.
Here is the beginning of the original Reuters piece:
A Goldman trading scandal?
Read the full article.
