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Chicago版 - Ex-CME Programmer to Plead Not Guilty in Code-Theft Case .
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话题: cme话题: yang话题: mr话题: code话题: trading
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1 (共1页)
g******4
发帖数: 6339
1
A former computer programmer for CME Group Inc. intends to defend himself
against charges that he stole data from the futures exchange company, the
man's lawyer said Friday.
Chunlai Yang, a senior software engineer who worked at CME for 11 years,
stands accused by the U.S. government of downloading proprietary source code
underlying CME's markets, part of an alleged plan to build a new
derivatives exchange in China.
Mr. Yang, a Chinese national with U.S. citizenship, was arraigned on the
charges last week following an investigation by the Federal Bureau of
Investigation. CME began closely monitoring his computer activity in early
May, according to the complaint filed against him.
CME is the world's largest operator of futures exchanges, in terms of
trading activity. Banks, asset managers and energy companies trade CME's
futures contracts to guard against shifting commodity prices and interest
rates, or speculate on market movements.
According to the complaint, Mr. Yang worked on technology powering CME's
front-end trading systems until the company fired him in conjunction with
the allegations. CME worked with legal authorities in the investigation.
"The company has found no evidence that customer information, trading data
or required regulatory information was compromised," a CME spokesman said
Friday.
Mr. Yang, 49 years old, appeared in a Chicago court on Friday, wearing a
baggy orange jump suit and ankle shackles. Mr. Yang's attorney, Christopher
Graul, said his client intended to plead not guilty to the charges.
Magistrate Judge Michael Mason set a Tuesday bond hearing for Mr. Yang, who
listened to a translator as Judge Mason said he may be inclined to release
Mr. Yang to home detention with an electronic monitoring device.
An indictment on the charges is expected sometime in the next month, after
which point the case could go before a grand jury.
The complaint alleges that Mr. Yang was in talks with several individuals
who planned to use CME's source code to establish East China Technology
Innovation Park Co., aiming to build a futures exchange and software company
where Yang was to be the "lead technical person."
CME declined to comment on whether the company would pursue its own legal
action against Mr. Yang.
The case highlights the importance of computer code to trading operations
and is the latest in a series of hard-fought legal cases over alleged theft.
Sergey Aleynikov, a former computer programmer for Goldman Sachs Group Inc.,
was found guilty in December of stealing algorithmic trading code from the
bank ahead of his departure to join a new high-frequency trading firm. He
received an eight-year prison sentence in March.
In February, Samarth Agrawal received a three-year prison term for taking
code from French banking group Société Générale SA, where he worked as a
trader.
http://online.wsj.com/article/SB1000142405270230354460457643397
i*****t
发帖数: 9074
2
Thank you for the update

code

【在 g******4 的大作中提到】
: A former computer programmer for CME Group Inc. intends to defend himself
: against charges that he stole data from the futures exchange company, the
: man's lawyer said Friday.
: Chunlai Yang, a senior software engineer who worked at CME for 11 years,
: stands accused by the U.S. government of downloading proprietary source code
: underlying CME's markets, part of an alleged plan to build a new
: derivatives exchange in China.
: Mr. Yang, a Chinese national with U.S. citizenship, was arraigned on the
: charges last week following an investigation by the Federal Bureau of
: Investigation. CME began closely monitoring his computer activity in early

p*********w
发帖数: 23432
3
实在是太可怜了。
到时候多求一求法官,看看能不能少判几年吧。

code

【在 g******4 的大作中提到】
: A former computer programmer for CME Group Inc. intends to defend himself
: against charges that he stole data from the futures exchange company, the
: man's lawyer said Friday.
: Chunlai Yang, a senior software engineer who worked at CME for 11 years,
: stands accused by the U.S. government of downloading proprietary source code
: underlying CME's markets, part of an alleged plan to build a new
: derivatives exchange in China.
: Mr. Yang, a Chinese national with U.S. citizenship, was arraigned on the
: charges last week following an investigation by the Federal Bureau of
: Investigation. CME began closely monitoring his computer activity in early

N********n
发帖数: 13236
4
在美国,你杀妻埋女想怎么搞怎么搞,不用怕,只要有一张黑皮就好了(辛普森案件)
,或者很有钱(芝加哥珠宝商儿子在佛州醉酒撞死两个英国商人),最不济有public
attention(Casey案)。如果你是老中,怎么搞都是个死。
1 (共1页)
进入Chicago版参与讨论
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The arrest of 49-year-old Chunlai Yang, ...下下个星期来芝加哥出差一星期,下班后能做点什么?
华裔雇员将芝加哥交易所机密泄露给中国(zz)芝加哥cs工作机会多么?
芝加哥 薪水一问 (保姆)大家觉得这个房子怎么样
The case is U.S. v. Yang, 11-cr-00458, U.S. District Court, Northern District of Illinois请问CS在芝加哥的就业情况
相关话题的讨论汇总
话题: cme话题: yang话题: mr话题: code话题: trading