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Submission + - Day traders convicted for tricking trading machine (ft.com) 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."
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Day traders convicted for tricking trading machine

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