Aleynikov, 39, is the former Goldman computer programmer who was arrested on theft charges July 3 as he stepped off a flight at Liberty International Airport in Newark, New Jersey. That was two days after Goldman told the government he had stolen its secret, rapid-fire, stock- and commodities-trading software in early June during his last week as a Goldman employee. Prosecutors say Aleynikov uploaded the program code to an unidentified Web site server in Germany.
Overheard: Sergey Aleynikov's Moment - 2 days ago
If you thought getting arrested at Newark airport was embarrassing for Sergey Aleynikov, try the video about how he courted his wife
Aleynikov, a citizen of the U.S. and Russia, left his $400,000-a-year salary at Goldman for a chance to triple his pay at a start-up firm in Chicago co- founded by Misha Malyshev, a former Citadel Investment Group LLC trader. Malyshev, who oversaw high-frequency trading at Citadel, said his firm, Teza Technologies LLC, first learned about the alleged theft July 5 and suspended Aleynikov without pay.
“Ghosting: An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. Ghosting is used by corrupt companies to affect stock prices so they can profit from the price movement.
FROM DAILY HOG
Apparently, Goldman Sachs has been booted out from doing computerized quant trades at the New York Stock Exchange.
-- GS had been making $100,000,000 a day with computerized trades.
-- This diary outlines one spectacular and illegal way to succeed at that business.
Indeed, GS was "cornering the market" for machine trading as cited from Zero Hedge by bobswern at dkos.