"Social media can do for traders what simulated computer programs do for
wanna-be chess masters."
"Social media is important not only in terms of its discovery function, but also in terms of faster development of talent. It accelerated the learning curve and it produced hundreds of new great traders. "
http://ivanhoff.com/2011/03/27/social-media-and-the-creation-of-better-traders/
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A former Goldman Sachs programmer convicted of stealing the bank’s high-speed trading software was sentenced Friday to eight years in prison.
Sergey Aleynikov, 41, was convicted in December of theft of trade secrets. He then unsuccessfully sought to have the conviction set aside. The Russian-born Aleynikov was ordered remanded in custody until his sentencing, because he was considered a flight risk.