Last year, Tabb Group famously researched the value of a millisecond in an automated trading environment. I wonder what the value of the secret trading strategies from one of the industry’s benchmark leaders is?

A Reuters blogger is reporting that a disgruntled former employee (Sergey Aleynikov) appears to have stolen Goldman’s program trading source code and uploaded it to a server somewhere in Germany. He was arrested June 4th and is being held on charges of “theft of trade secrets”. It’s a scene more out of James Bond than Jersey City, but it appears to be for real.

Goldman’s program trading platform is a crown jewel within the massively profitable firm. It will be interesting to see if any more information is made public, if there is fallout from their trade secrets possibly being for sale, and whether they will change their trading strategies.

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Solace

Solace helps large enterprises become modern and real-time by giving them everything they need to make their business operations and customer interactions event-driven. With PubSub+, the market’s first and only event management platform, the company provides a comprehensive way to create, document, discover and stream events from where they are produced to where they need to be consumed – securely, reliably, quickly, and guaranteed.

Behind Solace technology is the world’s leading group of data movement experts, with nearly 20 years of experience helping global enterprises solve some of the most demanding challenges in a variety of industries – from capital markets, retail, and gaming to space, aviation, and automotive.

Established enterprises such as SAP, Barclays and the Royal Bank of Canada, multinational automobile manufacturers such as Renault and Groupe PSA, and industry disruptors such as Jio use Solace’s advanced event broker technologies to modernize legacy applications, deploy modern microservices, and build an event mesh to support their hybrid cloud, multi-cloud and IoT architectures.

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