It has been a while, but the alleged code thieves at Flow Traders USA seem to be escaping from prison. Jason Vuu pled guilty to two counts of “unlawful duplication of computer related material” and two counts of “unlawful use of secret scientific material”. No petty crime, but felonies. Ever since the conviction of former GoldmanRead more
It’s currently out of fashion, but last years papers were filled with reports of traders getting busted stealing their employers secret software code. We’ve seen the alleged code thief at Goldman Sachs, Aleynikov. At Flow Traders USA we’ve learned Jason Vuu has been e-mailing himself several strategies and computer code. Not too smart. Vuu tried toRead more
Flow Traders US caught two former employees with stealing source code. Three people are being charged. Okay, have to admit the prison part is a little exaggerated. But the three alleged source code thieves definitely look pretty silly. Sending lines of algo code home with your mail address doesn’t look like a criminal masterplan. TheRead more
This Thursday in the stores in the country, the Dutch rich list Quote 500 edition 2012 is out again. The millionaires from the trading floor have my very special attention – and I’m glad to say there’s something new to share apart from the usual suspects. Beside the top 500, the Quote research team hasRead more
The good old days from the open outcry trading in the pit are gone. But it remains a source of good stories. Last Friday was a good place to share them, with the annual reunion of the former traders, brokers and order book officials. FOW Event Coming up next is another networking event, but thisRead more
