Day: October 15, 2010

Norwegian traders convicted for outsmarting US stock broker algorithm

Posted on by Robin Edgar

The Norwegian traders, Svend Egil Larsen and Peder Veiby, were handed suspended prison sentences and fines for market manipulation after outsmarting the trading system of Timber Hill, which is a unit of US-based Interactive Brokers. The two men managed to work out how the computerised system would react to certain trading patterns. This allowed them Read more about Norwegian traders convicted for outsmarting US stock broker algorithm[…]

Why patents suck: Rollover image on your website? That will be $80,000 (please)

Posted on by Robin Edgar

Dear website owner, congratulations on your excellent site, which includes features covered by our registered patent, #5,251,294. As the description indicates, many of the components on your pages, particularly your menus, rollover images, and shortcuts, are detailed in our claim. We would be delighted to lease these to you at a reasonable royalty rate of Read more about Why patents suck: Rollover image on your website? That will be $80,000 (please)[…]

WikiLeaks funding has been blocked. Claims US / AU government blacklisting is the cause.

Posted on by Robin Edgar

Moneybookers, a British-registered internet payment company that collects WikiLeaks donations, emailed the organisation to say it had closed down its account because it had been put on an official US watchlist and on an Australian government blacklist.The apparent blacklisting came a few days after the Pentagon publicly expressed its anger at WikiLeaks and its founder, Read more about WikiLeaks funding has been blocked. Claims US / AU government blacklisting is the cause.[…]