Three Charged With Stealing Flow Traders Trading Software
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Two men who were employed by Flow Traders were charged in New York with stealing the firm’s electronic trading software by e-mailing it to themselves from their work accounts.
Glen Cressman, a trader at the New York office of the Amsterdam-based company, sent e-mails to himself in December 2012 with trading strategies and valuation algorithms, according to the complaint in state Supreme Court in Manhattan. He is charged with two counts each of unlawful duplication of computer related material and unauthorized use of secret scientific material, according to copies of a complaint brought by the Manhattan District Attorney’s office.