Ex-Goldman programmer denies code theft

David Benyon
31 Mar 2010

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NEW YORK – A former computer programmer for Goldman Sachs has pleaded not guilty to charges he stole an internally developed algorithm code used for lucrative high-frequency trading by the bank.

Russian Sergey Aleynikov is accused by US prosecutors of using the code to benefit his high-frequency start-up business, Teza Technologies, which he created after leaving the bank in 2009. Goldman alleges that on Aleynikov’s last day as a programmer at the bank on June 5, 2009, he transferred the code

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