<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: Goldman says if you have their trading program, you too could manipulate markets</title>
	<atom:link href="http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/feed/" rel="self" type="application/rss+xml" />
	<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/</link>
	<description>Financial War Reports</description>
	<lastBuildDate>Tue, 22 May 2012 22:11:11 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.2</generator>
<xhtml:meta xmlns:xhtml="http://www.w3.org/1999/xhtml" name="robots" content="noindex" />
	<item>
		<title>By: Salim Fadhley</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12609</link>
		<dc:creator>Salim Fadhley</dc:creator>
		<pubDate>Wed, 08 Jul 2009 16:40:53 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12609</guid>
		<description>@gordo

No, the GS SLANG is 100% proprietary to GS - nobody outside of GS uses it. You cannot buy text-books for Slang. You cannot buy SLANG anywhere. 

The knowledge of how to use SLANG is passed down by word-of-mouth in a bizarre tribal ritual. 

@stacyherbert
&quot;With the help of the federal govt and FBI, GS has managed to wipe out some competition . . .&quot;

This sounds more plausible right? You turn a harmless code-theft without intent to distribute into an international scandal with you as the victim. Meanwhile you get to shut-down your rival and impose harsh conditions before they are allowed to trade in the USA. 

Who wins in this circumstance? :-)</description>
		<content:encoded><![CDATA[<p>@gordo</p>
<p>No, the GS SLANG is 100% proprietary to GS &#8211; nobody outside of GS uses it. You cannot buy text-books for Slang. You cannot buy SLANG anywhere. </p>
<p>The knowledge of how to use SLANG is passed down by word-of-mouth in a bizarre tribal ritual. </p>
<p>@stacyherbert<br />
&#8220;With the help of the federal govt and FBI, GS has managed to wipe out some competition . . .&#8221;</p>
<p>This sounds more plausible right? You turn a harmless code-theft without intent to distribute into an international scandal with you as the victim. Meanwhile you get to shut-down your rival and impose harsh conditions before they are allowed to trade in the USA. </p>
<p>Who wins in this circumstance? <img src='http://maxkeiser.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Bill Stewart</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12475</link>
		<dc:creator>Bill Stewart</dc:creator>
		<pubDate>Tue, 07 Jul 2009 21:31:43 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12475</guid>
		<description>Microsoft OSes are American.

Mac OS is American, and its BSD core has a long history in America. BSD&#039;s codebase in the purest since has never left the US.

QNX is not in this lot.

QNX is a Canadian operating system that is

-- REALTIME
-- MICROKERNAL
-- RESILIENT
-- Significantly open source, but not Kernel or &quot;Core Drivers&quot;

and a rare one at that.

Technically QNX has been partially superseded by the open Minix 3 -- based on the educational open source QNX 1 &amp; 2.

Minix 3 is written by an American, but snippets of Minix 1 became the basis for Linux.

I view it a good idea to have QNX and Minix 3 competing against each other -- it keeps these real time OSes honest.

For some reason a lot of spacecraft use VXworks...</description>
		<content:encoded><![CDATA[<p>Microsoft OSes are American.</p>
<p>Mac OS is American, and its BSD core has a long history in America. BSD&#8217;s codebase in the purest since has never left the US.</p>
<p>QNX is not in this lot.</p>
<p>QNX is a Canadian operating system that is</p>
<p>&#8211; REALTIME<br />
&#8211; MICROKERNAL<br />
&#8211; RESILIENT<br />
&#8211; Significantly open source, but not Kernel or &#8220;Core Drivers&#8221;</p>
<p>and a rare one at that.</p>
<p>Technically QNX has been partially superseded by the open Minix 3 &#8212; based on the educational open source QNX 1 &amp; 2.</p>
<p>Minix 3 is written by an American, but snippets of Minix 1 became the basis for Linux.</p>
<p>I view it a good idea to have QNX and Minix 3 competing against each other &#8212; it keeps these real time OSes honest.</p>
<p>For some reason a lot of spacecraft use VXworks&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Gordo</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12444</link>
		<dc:creator>Gordo</dc:creator>
		<pubDate>Tue, 07 Jul 2009 16:46:54 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12444</guid>
		<description>Is this the SLANG that we are talking about?

http://www.swd.de/products/datasheets/slang_en.html

If so it looks like it needs to run on the QNX OS.
The QNX OS may be older but it is a very robust and fast OS.

It is used for many time and safety critical applications.</description>
		<content:encoded><![CDATA[<p>Is this the SLANG that we are talking about?</p>
<p><a href="http://www.swd.de/products/datasheets/slang_en.html" rel="nofollow">http://www.swd.de/products/datasheets/slang_en.html</a></p>
<p>If so it looks like it needs to run on the QNX OS.<br />
The QNX OS may be older but it is a very robust and fast OS.</p>
<p>It is used for many time and safety critical applications.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Nancy S</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12431</link>
		<dc:creator>Nancy S</dc:creator>
		<pubDate>Tue, 07 Jul 2009 16:13:45 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12431</guid>
		<description>Why does GS need supermath programs when it can just frontrun everything the Fed does?</description>
		<content:encoded><![CDATA[<p>Why does GS need supermath programs when it can just frontrun everything the Fed does?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Nancy S</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12430</link>
		<dc:creator>Nancy S</dc:creator>
		<pubDate>Tue, 07 Jul 2009 16:12:04 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12430</guid>
		<description>Business Came First’ for ABN Amro Banker Found Dead 

http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=aqYxg0DptluE</description>
		<content:encoded><![CDATA[<p>Business Came First’ for ABN Amro Banker Found Dead </p>
<p><a href="http://www.bloomberg.com/apps/news?pid=20601109&#038;sid=aqYxg0DptluE" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20601109&#038;sid=aqYxg0DptluE</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Fibon1123</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12426</link>
		<dc:creator>Fibon1123</dc:creator>
		<pubDate>Tue, 07 Jul 2009 15:54:01 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12426</guid>
		<description>General of all American Intelligence: 911 was a fraud!

http://www.youtube.com/watch?v=daNr_TrBw6E


Just another video for you to watch?</description>
		<content:encoded><![CDATA[<p>General of all American Intelligence: 911 was a fraud!</p>
<p><a href="http://www.youtube.com/watch?v=daNr_TrBw6E" rel="nofollow">http://www.youtube.com/watch?v=daNr_TrBw6E</a></p>
<p>Just another video for you to watch?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: BettyBleu</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12422</link>
		<dc:creator>BettyBleu</dc:creator>
		<pubDate>Tue, 07 Jul 2009 15:16:25 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12422</guid>
		<description>Here&#039;s a music copyright story for you, Stacy &amp; Max.  A 32 year old woman in Brainerd, Minnesota, is ordered to pay $1.92 million/$80k per song to recording companies, a federal jury decided. http://www.startribune.com/entertainment/50089877.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUX</description>
		<content:encoded><![CDATA[<p>Here&#8217;s a music copyright story for you, Stacy &amp; Max.  A 32 year old woman in Brainerd, Minnesota, is ordered to pay $1.92 million/$80k per song to recording companies, a federal jury decided. <a href="http://www.startribune.com/entertainment/50089877.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUX" rel="nofollow">http://www.startribune.com/entertainment/50089877.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUX</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: stacyherbert</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12418</link>
		<dc:creator>stacyherbert</dc:creator>
		<pubDate>Tue, 07 Jul 2009 14:05:47 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12418</guid>
		<description>@salim - so you reckon there was no value in this?  how about to the russians as I saw someone mention?  Though that seems highly unlikely.  

There is also this:  http://www.zerohedge.com/article/citadel-trail-emerges-goldman-injunction-follow-shortly

With the help of the federal govt and FBI, GS has managed to wipe out some competition . . .</description>
		<content:encoded><![CDATA[<p>@salim &#8211; so you reckon there was no value in this?  how about to the russians as I saw someone mention?  Though that seems highly unlikely.  </p>
<p>There is also this:  <a href="http://www.zerohedge.com/article/citadel-trail-emerges-goldman-injunction-follow-shortly" rel="nofollow">http://www.zerohedge.com/article/citadel-trail-emerges-goldman-injunction-follow-shortly</a></p>
<p>With the help of the federal govt and FBI, GS has managed to wipe out some competition . . .</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Salim Fadhley</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12417</link>
		<dc:creator>Salim Fadhley</dc:creator>
		<pubDate>Tue, 07 Jul 2009 13:59:59 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12417</guid>
		<description>Stacy says: &quot;what do you think GS are up to then? Why are the FBI involved?&quot;

A number of theories presented by others here. 

1. It could be a case that this code contains something embarrasing - e.g. ugly hacks. 

2. Create the illusion of novelty by making a fuss over something which was stolen even though it is worthless outside of it&#039;s intended context. 

3. Revenge - perhaps this guy went to work for a rival bank?

4. Automated laywering - perhaps the senior management do not care... just let the lawyers &amp; security people do what they do. 

The knowledge a VP takes with him is usually far more valuable than the actual code. From what I can tell there&#039;s no actual proof that the code was &quot;stolen&quot; with the intent to re-distribute. It might have been copied for personal reference. Even though that&#039;s illegal it&#039;s common practice amongst developers to take a personal archive of any work. 

Interestingly I met a bunch of former GS people who went to work for JPM. Their brief was to re-produce the GS systems but using the latest software technology. GS software is built using SLANG which is a programming language dedicated to high-performance finance. It&#039;s also 20 years out of date.

Unfortunately GS have such a huge legacy of SLANG code they cannot escape it. No other bank would ever want to copy their stuff... it&#039;s just too awful for words!</description>
		<content:encoded><![CDATA[<p>Stacy says: &#8220;what do you think GS are up to then? Why are the FBI involved?&#8221;</p>
<p>A number of theories presented by others here. </p>
<p>1. It could be a case that this code contains something embarrasing &#8211; e.g. ugly hacks. </p>
<p>2. Create the illusion of novelty by making a fuss over something which was stolen even though it is worthless outside of it&#8217;s intended context. </p>
<p>3. Revenge &#8211; perhaps this guy went to work for a rival bank?</p>
<p>4. Automated laywering &#8211; perhaps the senior management do not care&#8230; just let the lawyers &amp; security people do what they do. </p>
<p>The knowledge a VP takes with him is usually far more valuable than the actual code. From what I can tell there&#8217;s no actual proof that the code was &#8220;stolen&#8221; with the intent to re-distribute. It might have been copied for personal reference. Even though that&#8217;s illegal it&#8217;s common practice amongst developers to take a personal archive of any work. </p>
<p>Interestingly I met a bunch of former GS people who went to work for JPM. Their brief was to re-produce the GS systems but using the latest software technology. GS software is built using SLANG which is a programming language dedicated to high-performance finance. It&#8217;s also 20 years out of date.</p>
<p>Unfortunately GS have such a huge legacy of SLANG code they cannot escape it. No other bank would ever want to copy their stuff&#8230; it&#8217;s just too awful for words!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Youri Carma</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12416</link>
		<dc:creator>Youri Carma</dc:creator>
		<pubDate>Tue, 07 Jul 2009 13:53:22 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12416</guid>
		<description>@Photoception

,but what was shocking was the disappearance of the #1 mainstay of complete trading domination (i.e., Goldman Sachs) from not just the aforementioned #1 spot, but the entire complete list. In other words: Goldman went from 1st to N/A in one week.

FROM: Is a Case of Quant Trading Sabotage About to Destroy Goldman Sachs? http://tinyurl.com/rxpp5c</description>
		<content:encoded><![CDATA[<p>@Photoception</p>
<p>,but what was shocking was the disappearance of the #1 mainstay of complete trading domination (i.e., Goldman Sachs) from not just the aforementioned #1 spot, but the entire complete list. In other words: Goldman went from 1st to N/A in one week.</p>
<p>FROM: Is a Case of Quant Trading Sabotage About to Destroy Goldman Sachs? <a href="http://tinyurl.com/rxpp5c" rel="nofollow">http://tinyurl.com/rxpp5c</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Photoception</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12415</link>
		<dc:creator>Photoception</dc:creator>
		<pubDate>Tue, 07 Jul 2009 13:39:00 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12415</guid>
		<description>No big deal, program trading is only HALF of the NYSE volume 6/22-6/26

http://www.nyse.com/pdfs/PT06.22-06.26.pdf

You guys saw this right? I wonder why Goldman isn&#039;t on that list.</description>
		<content:encoded><![CDATA[<p>No big deal, program trading is only HALF of the NYSE volume 6/22-6/26</p>
<p><a href="http://www.nyse.com/pdfs/PT06.22-06.26.pdf" rel="nofollow">http://www.nyse.com/pdfs/PT06.22-06.26.pdf</a></p>
<p>You guys saw this right? I wonder why Goldman isn&#8217;t on that list.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Youri Carma</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12413</link>
		<dc:creator>Youri Carma</dc:creator>
		<pubDate>Tue, 07 Jul 2009 13:19:02 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12413</guid>
		<description>Goldman Says Morgan Is All Wrong About Fed’s Quantitative Exit http://tinyurl.com/ks39mf</description>
		<content:encoded><![CDATA[<p>Goldman Says Morgan Is All Wrong About Fed’s Quantitative Exit <a href="http://tinyurl.com/ks39mf" rel="nofollow">http://tinyurl.com/ks39mf</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Youri Carma</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12411</link>
		<dc:creator>Youri Carma</dc:creator>
		<pubDate>Tue, 07 Jul 2009 13:11:19 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12411</guid>
		<description>U.S. should plan 2nd fiscal stimulus: economic adviser http://tinyurl.com/km92mm</description>
		<content:encoded><![CDATA[<p>U.S. should plan 2nd fiscal stimulus: economic adviser <a href="http://tinyurl.com/km92mm" rel="nofollow">http://tinyurl.com/km92mm</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Chris</title>
		<link>http://maxkeiser.com/2009/07/07/goldman-says-if-you-have-their-trading-program-you-too-could-manipulate-markets/#comment-12406</link>
		<dc:creator>Chris</dc:creator>
		<pubDate>Tue, 07 Jul 2009 12:47:09 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=2080#comment-12406</guid>
		<description>Wow.  It is amazing that GS is admitting they&#039;ve written software to manipulate the markets and cheat other market participants.  This would be like Don Corleone filing a complaint saying that another mobster has stolen his corner on the prostitution and drug trade in New York.

My question is: is this corporate espionage (as is being portrayed) or national espionage.  If Russia knows that the market is controlled by GS&#039; software, they may want to get some of that software (in spite of the challenge of reverse engineering).  Is it just a coincidence that last week we saw the CIA recruiting bankers?  Perhaps the KGB is one or two years ahead of them?

Max,  could you consider getting Kevin Mitnick On The Edge to comment on this?

http://en.wikipedia.org/wiki/Kevin_Mitnick

(ps.  it looks like there is another Chris posting to this board; perhaps we should distinguish ourselves!)</description>
		<content:encoded><![CDATA[<p>Wow.  It is amazing that GS is admitting they&#8217;ve written software to manipulate the markets and cheat other market participants.  This would be like Don Corleone filing a complaint saying that another mobster has stolen his corner on the prostitution and drug trade in New York.</p>
<p>My question is: is this corporate espionage (as is being portrayed) or national espionage.  If Russia knows that the market is controlled by GS&#8217; software, they may want to get some of that software (in spite of the challenge of reverse engineering).  Is it just a coincidence that last week we saw the CIA recruiting bankers?  Perhaps the KGB is one or two years ahead of them?</p>
<p>Max,  could you consider getting Kevin Mitnick On The Edge to comment on this?</p>
<p><a href="http://en.wikipedia.org/wiki/Kevin_Mitnick" rel="nofollow">http://en.wikipedia.org/wiki/Kevin_Mitnick</a></p>
<p>(ps.  it looks like there is another Chris posting to this board; perhaps we should distinguish ourselves!)</p>
]]></content:encoded>
	</item>
</channel>
</rss>

<!-- Performance optimized by W3 Total Cache. Learn more: http://www.w3-edge.com/wordpress-plugins/

Minified using disk: basic
Page Caching using disk: enhanced
Database Caching 8/13 queries in 0.007 seconds using disk: basic

Served from: maxkeiser.com @ 2012-05-23 00:12:17 -->
