[quackerhacker]

I don't see that implication in the article. I think you're referring to this part "your guys were detected. They were trading with very big money and there was a lot of fuss about them, about how it’s not the season and when it was the season they traded."

This excerpt most likely implies that the inside trades were for commodities (future contracts) and was sent to one of the relative people involved in the hack.

What would be irony (but of course is speculation) is if any of the brokerages that the hackers submitted trades thru did front-running (matching their trades at entry).

[gammateam]

"I don't see that implication in the article." - quackerhacker

> Since 2010, the SEC’s Analysis and Detection Center has joined Wall Street’s self-regulator, the Financial Industry Regulatory Authority (FINRA), in monitoring the markets for signs of insider trading. Their algorithms are designed to pick up on stock prices fluctuating before major corporate announcements, indicating that those buying or selling have insider knowledge

> One defendant in the civil case, David Amaryan, whose company Copperstone Capital won an award for best Russian hedge fund in January 2015, claimed that one of his employees devised an algorithm to pick up early trades occurring on the market and mimic them. The logic being that the early trades were made on the basis of someone else’s insider information. ... Amaryan and his three companies agreed to pay $10 million to the SEC.

[mediocrejoker]

IANAL but this is an interesting legal precedent if true. Since this was an out of court settlement I assume there are no public records of the decision?

[cm2187]

Could be the earning season (the times of the year where every company publishes their financial statements).