Comments on: Is Goldman this vulnerable??

By: Intelligent Speculator | Is Algorithmic trading good for the markets?

Intelligent Speculator | Is Algorithmic trading good for the markets? — Wed, 15 Jul 2009 11:02:14 +0000

[...] from momentum and even in some cases (although few would admit to this), to manipulate markets. The recent arrest of an ex-Goldman employee as long as many reports about how Goldman has mastered this form of trading had placed very high [...]

By: Frank

Frank — Thu, 09 Jul 2009 13:35:45 +0000

I’ve been sarcastic about that… I hear you. If GS can manipulate the market, why can’t the others do it too?

By: IS

IS — Thu, 09 Jul 2009 03:18:13 +0000

@ SJ.. I might be low here but what do you mean by LM??

@ Frank – I have a bit of trouble with that argument, if it is used that way, then you’d think Goldman is already doing that.. and if that’s the case, then that’s bad by itself, no matter who does it no?

@ Catarina – LOL.. will have to go take a look:)

@ Zavi – yes I see your point but still think companies will need to address this concern in the coming years…

By: Zavi

Zavi — Wed, 08 Jul 2009 19:24:41 +0000

haha good one Catarina…

Goldman Sachs admits its software can “Manipulate markets in unfair ways”. huh? Is it supposed to be illegal? Like anybody can manipulate markets in a fair way? As an individual investor, we should be protected from a trading program that can manipulate the market. How can we protect ourselves?

IS, yes it has its limits: how can Goldman Sachs expect to hold onto billions of dollars earning algorithms and pay key personnel only $400k per year, and maybe a bonus?

I will not shed a tear for GS.

By: Catarina

Catarina — Wed, 08 Jul 2009 17:12:03 +0000

Maybe by now the codes can be downloaded at Pirate Bay hehehe

By: Frank

Frank — Wed, 08 Jul 2009 17:02:09 +0000

Heard the news! Quite crazy!! It didn’t know that a trading program can jeopardize a company like GS. It would be certainly dangerous if that the trading program could be used to manipulate the market…

We’ll see next GS’s quarter results !!!!!?!?

By: SJ

SJ — Wed, 08 Jul 2009 15:48:44 +0000

When I worked @ LM certain areas did not have internet, only intranet. i.e. allowing for code testing but making it difficult to transport.

I guess they could ask other defense contractors how they do it =)