Code Theft Fallout
EDITOR’S LETTER
At the time, Goldman Sachs warned that if this code had fallen into the wrong hands, it could have been used to manipulate markets, leading many to wonder why the bank would have code like this in the first place. Then when Goldman enjoyed a staggering return to profits in the last quarter-46 days of profits over $100 million-it led many more to wonder if indeed there was some kind of mischief afoot.
There ensued a New York Times investigative journey into the world of high-frequency trading
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