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  • coloneldebu...: 
  • Comments (475)
  •  • Instablog (4)
  The US markets will be at risk of manipulation? Oh deary me.
  
  Wait, how's that different from what we've had?

  Jul 07 10:16 AM | Link | Reply
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  • D_Virginia: 
  • Comments (198)
  More specifically, aren't we /less/ at risk of market manipulation if GS's secrets are finally revealed???
  
  Personally, I'd like that source code reviewed for embedded manipulation strategies -- I bet it would be very revealing.
  
  
  On Jul 07 10:16 AM coloneldebugger wrote:
  
  > The US markets will be at risk of manipulation? Oh deary me. <br/>
  >
  > Wait, how's that different from what we've had?

  Jul 07 10:29 AM | Link | Reply
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  • Screwloose: 
  • Comments (96)
  
  So an unauthorized copy of "market manipulating" software is AWOL - is the original still carrying out it's, now officially-confirmed, function...?
  
  That couldn't be why GS has gone quiet this week - could it?

  Jul 07 10:30 AM | Link | Reply
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  • User 418265: 
  • Comment (1)
  You are so right, except for "what they have done" as in GS. Maybe someone should rethink their bonus, seems to me that if you can't take care or your "stuff" why should you be rewarded with a bonus?
  
  
  On Jul 07 10:16 AM coloneldebugger wrote:
  
  > The US markets will be at risk of manipulation? Oh deary me.
  >
  > Wait, how's that different from what we've had?

  Jul 07 10:37 AM | Link | Reply
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  • youngman442002: 
  • Comments (589)
  I hope it puts them out of business
  A computer program to manipulate the market....hmmmmm
  must be nice...

  Jul 07 10:44 AM | Link | Reply
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  • Tschurin: 
  • Comments (17)
  Gee, that would almost be like the broker-dealers finding out about their clients trading strategies and front-running them; something that has happened before and for which the BD's receive only a slap on the wrist from the SEC.

  Jul 07 10:49 AM | Link | Reply
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  • farmer448: 
  • Comments (108)
  So from the statement above, it is OK for Goldman Sacks to manipulate the market as they paid for the proprietary code.
  Second, folks this is source code, and probably not the complete system for computerized trading.
  
  This seems to be more about computer science ignorance. So Goldman has used the Feds to "Protect" their proprietary secrets.
  
  

  Jul 07 11:03 AM | Link | Reply
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  • spald_fr: 
  • Comments (334)
  from the linked Bloomberg article: "The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,” [Assistant US Attorney] Facciponti said, according to a recording of the hearing made public yesterday. “The copy in Germany is still out there, and we at this time do not know who else has access to it.”
  
  This is a very, very powerful statement from the Assitant US Attorney.

  Jul 15 09:28 AM | Link | Reply