How do you get to be a computer programmer/algorithmic trading type at Goldman? The CV of Serge Aleynikov may have the answer.
To recap, Aleynikov is at the centre of a scandal involving the alleged pilfering of Goldman’s top secret algorithmic trading codes. He was arrested on July 3rd, but has now been released on bail (after paying 750.000 $ personal recognizanse bond to secured by three financially responsible persons on 75.000 $ in cash or property).
Aleynikov’s CV, spotted on Linked In, shows his background is in VoIP. Recruiters say this is unusual and that it suggests Aleynikov wasn’t involved in developing the code himself.
“VoIP people are usually used for low latency work. They’re very good at getting data from one place to another very quickly, but they’re unlikely to work on the formulas,” says one.
According to Bloomberg, Aleynikov earned $400k at Goldman and was set to earn three times that at Teza Technologies, where he was going to engage in ‘high volume automated trading.
The BIG discrepancy is apparently down to the fact that Goldman hasn’t been paying its algo traders very well: “Groups of traders have been leaving after only receiving low bonuses,” alleges one recruiter.
Serge, meanwhile, has been suspended by his new employer and may yet find himself looking for a new job. I invited Sergey for support to my personal LinkedIn network, which he accepted. We still are human and we have a lot in common.
To my opinion, it's not the software which is important, Sergey is important, he found a way to route messages in a neural network,... so what...He is millions of dollars worth.
Thus people from Goldman Sachs,... pay Sergey what he is worth, even he didn't ask for....maybe he will come back... or take your lose...
He didn't steal software or top secret algorithmic trading codes, it is in his mind how to route any kind of message(s) ! FAST in a neural network...that's worthfull
Maybe Sergey is the brain from Goldman or better the brain for a financial revolution...
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