Episode 112 • • 7:57 - 11:58
112: The Doomsday Box
Goldman Sachs Code Theft and Sergei Alenikoff Arrest
Former Goldman Sachs programmer Sergei Alenikoff was arrested by federal agents at Newark Liberty International Airport for allegedly stealing secret high-frequency trading software. The software, referred to as the Doomsday Box, allows for rapid-fire trades that generate small margins at massive volumes, potentially creating a false sense of market liquidity.