Reply to: How does a programmer earn $400k?

[HairyArsedBloke]

Latest from Bloomberg.

Aleynikov, 39, told the agent around 1 a.m. on July 4 that he had logged into Goldman’s computers through remote access from his home and sent encrypted files to a repository server with the URL identifier svn.xp-dev.com, according to a copy of his FBI statement in court files in Manhattan federal court.

Xp-dev.com is registered to London resident Roopinder Singh, who describes himself on a blog linked to the site as a trading systems developer working in London’s financial services industry. The site offers “subversion hosting,” letting users track current and previous versions of programming code and other documents.

Singh told his customers in the blog yesterday that he’d been contacted by “local UK authorities,” who had seized his hard drives to examine them and shut his service down for 45 hours, beginning on July 6, two days after Aleynikov’s arrest.

“It turns out that some idiotic moron a user had uploaded data on to the service that he/she was not authorized to have,” he said, crossing out the words “some idiotic moron.” “This is your basic intellectual property theft case here.”

No doubt that some dumb-arsed journo will get confused by the name of the repository product and think it's some sort of anarchy group.

[NotAllThere]

I can't resist any longer:

How does a programmer earn $400k?

You mean you don't?

How does a programmer earn $400k?

I know the market's bad, but who'd be interested in so litter?

etc.

[HairyArsedBloke]

There has just been a guy on Bloomberg pushing a piece that he has written about this story. Goldman is beginning to get the p take out of them. In the end they may regret ever going after him.

[Clippy]

He's not a quant

the resumé of the guy allegedly earning half a million a year

He's a pure techie.

He, he, quite like this bit:

Team-oriented with excellent interpersonal communication skills, and a motivational leader and mentor with a reputation for integrity, reliability, and quality

.

[deckster]

He's not a quant

the resumé of the guy allegedly earning half a million a year

He's a pure techie.

a) $400k is some way off £500k

b) He may be a pure techie, but he's a pure techie who has very specialist knowledge of real-time trading systems and is a VP at Goldman Sachs. Now probably the figure of $400k has been subject to some generous rounding up, but including bonuses, pension etc. etc. I can easily believe that we're in the right ball park.

I'm shocked at some of the sour grapes being shown on this thread. Jealous that a mere permie earns more than you, boys?

[BlasterBates]

He's not a quant

the resumé of the guy allegedly earning half a million a year

He's a pure techie.

[DiscoStu]

Does quant rhyme with rant or ****?

Neither. Think k-want.

[d000hg]

Does quant rhyme with rant or ****?

[HairyArsedBloke]

Quants probably.

he was a quant probably .They get paid gazillions.

WHS - He's an quant algo developer.

So you lot think he was a quant?

Oh FFS

[Lockhouse]

The guy was developing complex algorithms which trade automatically based
on low latency market data. It's a very niche area and requires high level
of maths / quants knowledge + knowledge about modelling financial instruments + programming skills + knowledge about low latency market data.

WHS - He's an quant algo developer.

[Andy2]

I still think it's a typo.

he was a quant probably .They get paid gazillions.

[bobhope]

Did you see the bit where this might be a double bluff by GS? He was arrested 1 day after starting at his new company, Teza. GS could therefore maybe stop Teza in its tracks, claiming that they were using their code.

[BlasterBates]

I still think it's a typo.

[Gonzo]

Quants probably.

When I were a nipper, the holy grail was to find a mathematical framework which could be applied to horse-racing data to find the winners of the races. It can't be done.

Quants are doing essentially the same thing but it is more respectable.

[Bright Spark]

The guy was developing complex algorithms which trade automatically based
on low latency market data. It's a very niche area and requires high level
of maths / quants knowledge + knowledge about modelling financial instruments + programming skills + knowledge about low latency market data.