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Crapshoot Investing: How Tech-Savvy Traders and Clueless Regulators Turned the Stock Market into a Casino by Jim McTague

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3. Screaming Headlines

Sergey Aleynikov, a thin, amicable, 40-year-old naturalized citizen from Russia with a Richard-the-Lionhearted beard, thick black eyebrows, and a full head of thick black hair, had a nasty surprise waiting for him at Newark, New Jersey’s Liberty International Airport when he returned there from a job interview in Chicago on July 3, 2009. FBI agents were waiting at the gate to arrest him for the theft of a top-secret trading algorithm from his former employer, Goldman Sachs. Aleynikov had been vice president for equity strategy at the big Wall Street firm, specializing in “architecture and implementation of massively concurrent low-latency, highly available distributed systems in the areas of high-frequency trading (HFT) ...

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