Three charged with stealing source code, data from trading firm

[hrmjustin]

By Joseph Ax

(Reuters) - Two men have been charged by New York prosecutors with stealing secret computer code from a high-frequency trading firm in an effort to start their own business.

Jason Vuu, a former trader at Flow Traders LLC in Manhattan, was charged with emailing himself trading strategies, valuation algorithms and proprietary code from the firm and sharing the code with another man, Simon Lu, according to criminal complaints filed by the office of Manhattan District Attorney Cyrus Vance.

Another former trader at Flow Traders, Glen Cressman, was charged with copying files containing trading strategies and valuation algorithms without permission, the complaints said.

Paul Shechtman, a lawyer for Lu, and Jeremy Saland, a lawyer for Vuu, did not immediately respond to requests for comment on Monday.

Read more at http://www.reuters.com/article/2013/08/26/us-usa-crime-trading-idUSBRE97P0MX20130826

[sheshe2]

1. It takes a thief.

From you link.
Charles Ross, who represents Cressman, said his client was innocent.

"He was a fine employee, and when everything about the case is aired, it will be clear he did nothing wrong," Ross said.

Oh I'll just bet he did nothing wrong.

Thanks justin.

[hrmjustin]

2. How was your weekend?

[sheshe2]

3. Work, work, work~

I am always on weekends, off today though.

How was yours?

[hrmjustin]

4. Well Saturday I went to my sisters to watch the Giants/Jets game and yesterday I went to

church and then went to Brunch till 9 in the evening. Drank a lot and ate a lot.

[sheshe2]

5. Brunch until 9 in the evening!

Now that's how I would love to spend my Sundays~

While I do not actively watch a lot of sports, I do support our teams! We're rivals, Boston here.

[hrmjustin]

6. Thats why they call Episcopalians Whiskypalians.