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A comment on If Hackers Steal a Bank's Quant Code, Do We Still Have a Functioning Market?. Parent comment

Re:If Hackers Steal a Bank's Quant Code, Do We Still Have a ... by ig1 on Tuesday March 01, 2011 @01:41PM (#2276626)
Only if you're talking HFT, most quant trading isn't HFT.
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Re:If Hackers Steal a Bank's Quant Code, Do We Still Have a ... by yummyfajitas on Tuesday March 01, 2011 @02:00PM (#2276699)
That is what JSig was discussing, no?

"...somebody who knew how to use this program could use it to manipulate markets in unfair ways," said Assistant U.S. Attorney Joseph Facciponti [in regards to the code taken by Sergey Aleynikov]

(Aleynikov is the guy who allegedly stole code from Goldman.)

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Re:If Hackers Steal a Bank's Quant Code, Do We Still Have a ... by ig1 on Tuesday March 01, 2011 @03:36PM (#2277087)
Yes the GS code was HFT, but the article is discussing the MS case where there's no indication the code was HFT, the article mistakenly assumes all quant trading code is HFT.
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