TITLE

Code Green

AUTHOR(S)
Heines, Katherine
PUB. DATE
July 2009
SOURCE
Securities Industry News;7/20/2009, Vol. 21 Issue 16, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article focuses on the lawsuits filed by Goldman Sachs and UBS against former employees which they alleged to have stolen proprietary computer code that is key to their trading programs. It explains that the cases raise important questions connected to security and protecting profits. It notes that trading programs have become the most strategic tools in securities trading. According to the author, it is important for companies to increase their security to prevent employees from getting valuable digital secrets.
ACCESSION #
43453383

 

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