Peter J. Henning, NYT, In Goldman Programmer Case, a Way Around Double Jeopardy, here. They always leave the strangest part out, this is ultra high performance Erlang code for a High Frequency trading system. Let’s see if there are any speed comparisons out there. How about this one from Stackoverflow: Speed comparison with Project Euler: C vs Python vs Erlang vs Haskell where for starters the c code is compiled with gcc -lm -o? The Erlang implementation run time here isn’t killing it, right? You got Erlang in a 100m race with Usain Bolt’s 50-year-old cousin running in flip flops and it is not just a loss, it is an epic loss.
But that isn’t the strange part. If the code implemented some mundane non-performance critical portion of the trading system, what’s the possible motivation to steal it? If the High Frequency Trading Erlang critical core code was stolen, was it just going blend in with all the other HFT code and people were not going to notice. This is like casting Devine for Jason Bourne in those train station scenes where Bourne has to blend into the crowd in seconds to avoid the local police. But that’s not all! There’s more! After seeing Devine/Jason Bourne operate under pressure you decide that maybe they should be working for your new team. So, now there is double jeopardy related to the custody of the “Devine” ultra valuable high performance code? The Themis Trading boys should use this – “Mr. Gensler we have evidence the Banks aren’t even taking HFT seriously, they were writing their core high performance system code in Erlang.”
Tracy Alloway, Alphaville, Who is Sere Aleynikov? here.
He is of course the former Goldman Sachs programmer, alleged to have stolen a batch of the bank’s proprietary trading code.