By: James Ramage

Conviction aside, recent high profile allegations of code copying at Goldman Sachs and UBS have the industry's attention. But electronic trading execs say that even though proprietary technology security is a priority, the risk of employees copying trade secret coding to use elsewhere isn't a major concern.

To begin with, they're confident of the security and surveillance they have in place. Secondly, they say they're algorithms are often woven tightly into a proprietary infrastructure. Therefore, algorithmic coding utility diminishes significantly once it's separated from that infrastructure. This is the situation at Credit Suisse, said James Doherty, director and head of product development for Advanced Execution Services.

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