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Prosecutors Request Closed Courtroom For Goldman HFT Programmer's Trial

Posted by timothy on from the sealed-in-carbonite dept.

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?"

2 of 250 comments (clear)

  1. Re:Unfair advantage by BabyDuckHat · · Score: 4, Funny

    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.

  2. Re:Unfair advantage by Anonymous Coward · · Score: 1, Funny

    HAHAHA DISREGARD THAT, I SUCK COCKS

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