why haven't Russian hackers solved the stockmarket yet?

[ironchef]

Nobody knows how to use google anymore, including the OP:

"Russian hackers allegedly breached Dow Jones' servers, stealing market-moving information for stock tips in an insider trading-driven attack."

http://fortune.com/2015/10/16/report-russians-hacked-dow-jones-for-stock-tips/

 

[Sig]

Sig, if a hacker wants just the customers' data, it is way more efficient to hack Equifax and get 143 million persons data, instead of a broker with a few 10 thousands of traders. The point of hacking a broker is to have access to trading records. And hey, it doesn't have to be a stock trader, they can back a swing futures trader, just with much more leverage. Just like probably TST does with its best traders... Also if a broker can trade against its customers, so can a hacker...

One can be an excellent hacker, but you need a good trader to understand whom to back and with what leverage. Anyhow, if I was a hacker, that is how I would do it...

Couldn't agree more, that's probably why they hacked Equifax and not Schwab.

 

[Pekelo]

Slightly related, this former hacker started a HF based on monitoring hacker activism and shorting companies:

http://www.businessinsider.com/andrew-weev-auernheimer-hedge-fund-2014-4

I guess this would also be a legal way to make money out of hacking. And of course someone bought a shitload of puts on Equifax a week before the news broke...

 

[vklopp5]

Hackers in America do the most. They are a million steps ahead of others and the dark web. They are passionate and don't do things just for money. It's deeper

 

[ironchef]

Hackers in America do the most. They are a million steps ahead of others and the dark web. They are passionate and don't do things just for money. It's deeper

How do you know? If they are so good, why didn't they hacked the Russians who hacked DNC and Clinton? Why don't they hack Putin, N Korea....

 

[Humpy]

The hackers probably have hacked bits of the stock market. It just doesn't make the news.

 

[DeltaRisk]

Russian hackers are amazing at everything. How have they not built a system to make money yet?

Because they can't get into Bloomberg chat rooms.

 

[Pekelo]

How do you know? Why don't they hack Putin, N Korea....

He probably meant Russian immigrant hackers living in America.

A dead hacker isn't a good hacker, so Putin is safe.