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	<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>Finance.  Markets.  Scandal.</description>
	<lastBuildDate>Wed, 17 Mar 2010 01:26:40 +0000</lastBuildDate>
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		<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-page-1/#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>
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		<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-page-1/#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>
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		<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-page-1/#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>
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		<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-page-1/#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>
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		<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-page-1/#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&amp;sid=aqYxg0DptluE" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=aqYxg0DptluE</a></p>
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		<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-page-1/#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>
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		<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-page-1/#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>
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		<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-page-1/#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>
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		<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-page-1/#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>
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		<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-page-1/#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>
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