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To: Resolute Conservative
No. (From previous discussions on the internet -- grain of salt) The software performed front-loading in trades ordered through GS by smaller brokerages, wherein the GS software could examine the orders, and if large enough to change a market price, would hold up the outside trades until GS trades could be created to take advantage of the expected change from the outside orders.

The programmer didn't dream this up. Someone, some business unit, had to request the software be written.

10 posted on 05/04/2015 12:57:57 PM PDT by meadsjn
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To: meadsjn
Kinda ironic that the coder is tried for theft while Goldman-Sachs admits in open court that its code was designed to manipulate markets defraud other investors.

Big thieves chasing little thieves is what you get when you have the best justice system money can buy.

12 posted on 05/04/2015 1:49:04 PM PDT by pierrem15 ("Massacrez-les, car le seigneur connait les siens")
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