In what might sound like the plot to a movie, a Russian banker was sentenced to 30 months in prison for plotting to work with Russian intelligence in a role that, in part, included work as an HFT spy. One of the topics was how to use “trading robot activities” and high frequency trading as a weapon to destabilize the markets. Russian HFT Spy Buryakov sentenced Evgeny Buryakov was sentenced to prison as well leveled a $10,000 fine Wednesday. Manhattan U.S. Attorney Preet Bharara, whose office prosecuted the case, said Buryakov was disguised as a legitimate banker but he actually…
Russian HFT Spy Evgeny Buryakov Gets Jail Time
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.