Financial Markets

The Real Story of Trading Software Espionage By Rob Iati, Partner, The TABB GroupJULY 10, 2009 Much has been made of the 32MB of Goldman Sachs’ proprietary algorithmic trading code (“trading secrets”) allegedly stolen by Sergey Aleynikov, now portrayed in the financial media as the new Julius Rosenberg, Aldrich Ames, Robert Hanssen and John Walker [...]

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Pioneering work . . . Stephen Wolfram on the Quest for Computable Knowledge June 29, 2009 Stephen Wolfram recently received an award for his contributions to computer science. The following is a slightly edited transcript of the speech he gave on that occasion. I want to talk about a big topic here today: the quest for [...]

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Investigation Joseph Cassano, former head of A.I.G.’s Financial Products unit, at London’s High Street Kensington subway station in June. From Bauer-Griffin. Almost a year after A.I.G.’s collapse, despite a tidal wave of outrage, there still has been no clear explanation of what toppled the insurance giant. The author decides to ask the people involved—the silent, shell-shocked [...]

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United States America’s Fiscal Train Wreck July 06, 2009 By Richard Berner | Morgan Stanley |New York America’s long-awaited fiscal train wreck is now underway.  Depending on policy actions taken now and over the next few years, federal deficits will likely average as much as 6% of GDP through 2019, contributing to a jump in debt [...]

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In the first week  of March 2009, the US equity market made a bottom . .  after a fast rise for the next 4 weeks, the market has been trending sideways . . .

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