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A few days ago, FOX NEWS reported the theft of a trading software affecting the world's leading investment bank: Goldman Sachs. Its most efficient automated trading algorithm (CRP v1.2) was uploaded to a website so ANYONE can use it.
Today, many people are showing off wads of cash on social media networks and referencing "THX CRP." Using artificial intelligence, this invaluable software has enabled the firm to make a profit and establish itself as the world leader in the stock market.
The bank has already suffered the consequences dealt by one of its employees in 2009: Sergey Aleynikov. On his last day in the office, he had copied formula codes for high-frequency trading to dominate the global financial market onto a USB drive. This appeared to become widespread because shortly thereafter, French financial services company Societe Generale also fell victim to one of its employees! Samarth Agrawal, a 26-year-old Indian man and a trader at the firm, was caught on security cameras stealing the formula.
Today, these algorithms are Goldman Sachs's main competitors, making it possible for computers to speculate on the stock market by anticipating price fluctuations better than a highly qualified trader. To maintain its leading position in the financial markets, Goldman Sachs has replaced virtually all of its traders with robots.
The stock traders responsible for the American bank's renown have been replaced by trading algorithms. To us, is it clear that Goldman Sachs is once again the victim of one of its employees unhappy with the group's development.
To find out, we contacted Mike, a user we found through one of his posts praising the merits of CRP. Slightly geeky but very nice, he directed us to the site created by the Goldman Sachs employee. This man has made sure that anyone can use the software, even without any prior knowledge. Click here to go to the website
We think the person who stole the formulas did so for several reasons. First of all, there's the threat to his employment following the reduction in the number of stock market traders. Also, by releasing it online, he protects his identity and ensures optimal discretion. This is in contrast to Samarth Agrawal, his colleague at Societe Generale, who was reported for offering it to a competing bank. And finally, he can thwart the plans of a banking system that has no regard for humankind in its quest for financial domination.
Inevitably, the firm will not comment on the matter; the loss of its wealthiest clients and the negative image associated with such an affair is cause for extreme worry. The company fears a sharp drop in revenue in 2018. We know that the group is investing crazy amounts of money in researching the algorithm and that newer and more powerful ones will be used. However, like the Coca-Cola formula, the algorithms are so well protected by their owners that they haven't even filed a patent. Therefore, to top it off, their flexibility is limited because they are not the legal owners of the code.
Three of our journalists went on the platform to test the algorithm. After depositing a few hundred euros, we observed in amazement that it works pretty well. It's truly impressive! After letting it run entirely on its own for a few days, we calculated a return on investment of 156%!
This means that each transaction made by the robot will yield an average of 1.56 times the initial investment. However, the fluctuation is slightly high, which is to be expected of software such as this. Therefore, it is recommended that you deposit a minimum of 200 to 300 euros in order to protect yourself against a potential bad round. With such a return on investment, we have a better understanding of how Goldman Sachs achieved a turnover of $80 million in the last quarter of 2017.
We hope to release a report in the near future detailing how this algorithm works. To do this, we need as much feedback as possible. If you would like to participate, please share your results with us in the comments. If you still haven't tried it, register here :
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