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wallstreet traders seek an edge with high-tech snooping

Discussion in 'News and Current Events' started by commisiar, Dec 20, 2013.

  1. commisiar Member

    Wallstreet traders are using surveillance to gain an edge

    http://online.wsj.com/news/articles/SB10001424052702303497804579240182187225264

    What they're doing is using a company called Genscape inc to snoop on various things that would interest them like oil containers or other major items like reactors. It's also on Fox Business but the key thing is that they're using snooping technology to gain an edge by giving them information that is not public

    http://video.foxbusiness.com/v/2952335024001/wall-street-traders-using-surveillance-to-get-edge

    While it is indeed legal for now I can't hope but notice that this will probably lead to getting exploited but that is just me.

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