How high-frequency stock trader Quantlab guarded its algorithms

Start-up SXP's founders stand accused of stealing trading code from Quantlab

The meeting that started the trouble took place at a monastery in Florence, Arizona.

Under a gazebo's shade, a Ukrainian physicist who aspires to be a monk met with a Milwaukee lawyer seven years ago and began planning a firm whose profits from rapid-fire stock trades would go mostly to charity. They and another founder eventually named it SXP Analytics after St. Xenia, an 18th century Russian who gave the poor her possessions.

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