Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror
For the out-of-band Slashdot experience (mostly headlines), follow us on Twitter, or Facebook. ×

+ - Day traders convicted for tricking trading machine-> 2 2

An anonymous reader writes: Financial Times reports that day traders Svend Egil Larsen and Peder Veiby have been fined and handed suspended prison sentences for working out how a computerized trading system would respond to certain trades and profiting from "illegal trades." While sympathy for the two day traders, and admiration for their triumph of of man versus machine, is widespread, "Christian Stenberg, the Norwegian police attorney responsible for the case, said any admiration for the men was misplaced. 'This is a new kind of manipulation but it is still at the expense of other investors in the market,' he said."
Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Day traders convicted for tricking trading machine

Comments Filter:

In a consumer society there are inevitably two kinds of slaves: the prisoners of addiction and the prisoners of envy.

Working...