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The Courts The Almighty Buck United States

Prosecutors Request Closed Courtroom For Goldman HFT Programmer's Trial 250

dave562 writes "Goldman Sachs' lawyers have asked the Federal judge to seal the court room during the trial of Sergey Aleynikov. Aleynikov was one of the programmers who developed Goldman's High Frequency Trading (HFT) programs. What does this say about the state of the financial industry? Given the problems HFT seems to have caused over the last few years, shouldn't more light be shined into the dark corners of how it works?"
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Prosecutors Request Closed Courtroom For Goldman HFT Programmer's Trial

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  • by BabyDuckHat ( 1503839 ) on Thursday October 28, 2010 @01:35PM (#34053790)
    High-frequency trading supports a very important function of providing liquidity that allows the free flowing of, um, high-frequency trading and uh, high-risk prop-desk front running, and hmmm, other important and productive economic activities that benefit everyone and not just the rich elite. Seriously, stop asking questions about it.
  • by Anonymous Coward on Thursday October 28, 2010 @02:12PM (#34054456)


    (for the lameness filter, this is a reference. Hell, it's still probably lame, but it should at least pass the filter by now)

Do you suffer painful illumination? -- Isaac Newton, "Optics"