Comments on: Aleynikov Backgrounder: 2008 Chippas Interview on Low Latency in Algo Trading http://housingdoom.com/2009/07/22/aleynikov-origins/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: John M. http://housingdoom.com/2009/07/22/aleynikov-origins/#comment-16998 John M. Wed, 22 Jul 2009 17:12:34 +0000 http://housingdoom.com/?p=3293#comment-16998 Is it possible that management has not yet figured out that their proprietary trade-secret code is a whiff of suds floating on an ocean of Open Source, and if their guys <em>aren't</em> elbow deep in the cooperative plumbing (to keep the utilities they need in working order) they'd never get anything done for the firm? <a href="http://www.tradersmagazine.com/news/ubs-jefferies-lawsuit-algorithmic-code-104058-1.html" rel="nofollow">"Attorney For Three Former UBS Employees Fires Back"</a>, by James Ramage, <em>Traders Magazine</em>, July 22, 2009.<blockquote>"We've tried several times to set up a procedure that would give them reasonable assurances that their code never left the hands of UBS employees, never made its way into Jefferies," Gotko said. "One would think that if UBS were interested in finding out the truth, they would have hopped at such a thing."</blockquote> Is it possible that management has not yet figured out that their proprietary trade-secret code is a whiff of suds floating on an ocean of Open Source, and if their guys aren’t elbow deep in the cooperative plumbing (to keep the utilities they need in working order) they’d never get anything done for the firm?

“Attorney For Three Former UBS Employees Fires Back”, by James Ramage, Traders Magazine, July 22, 2009.

“We’ve tried several times to set up a procedure that would give them reasonable assurances that their code never left the hands of UBS employees, never made its way into Jefferies,” Gotko said. “One would think that if UBS were interested in finding out the truth, they would have hopped at such a thing.”

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