Programmer Steals Wall Street Trading Code, FBI Alleges
A high-level developer for a big Wall Street firm was arrested Friday by the FBI and charged with stealing computer code that automates high-volume trading on stock and commodities markets, according to court documents.
In the LinkedIn profile, meanwhile, Aleynikov notes his position with Goldman Sachs and says he "lead development of a distributed real-time co-located high-frequency trading (HFT) platform" at the firm.
As of 2:30 p.m. ET Monday, Aleynikov was still being held in federal custody, pending bail. A Saturday hearing had set bail at $750,000, and placed both travel restrictions and computer access limitations on him assuming he posts a bond. A spokeswoman for the U.S. Attorney in the Southern District of New York declined to comment further on the case.
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