Citadel Moves to Protect Trading Secrets
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Court filings by hedge fund Citadel suggest that Jump Trading stole some of its proprietary trading strategies. The firm allegedly recruited and hired 10 former Citadel employees. Since then, profits made from Citadel's high-speed trading systems have decreased - and they are pointing a finger at Jump Trading.
Last year a former quantitative financial engineer at the firm was arrested and indicted for theft and computer fraud.
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Last year a former quantitative financial engineer at the firm was arrested and indicted for theft and computer fraud.
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