Haim Bodek

Haim Bodek is an American developer of trading software, and the son of physicist Arie Bodek. He worked for Hull Trading Company which was acquired by Goldman Sachs in 1999. He became the global head of Electronic Volatility Trading at UBS by 2003, and later established his own company Trading Machines. When his software inexplicably started losing money in 2009, he eventually tracked down the cause to an undocumented order type which was being used by other algorithmic trading companies to gain an advantage over other traders. He exposed the situation with a complaint in 2011 to the Securities and Exchange Commission, which resulted in BATS Global Markets paying a record $14 million fine. He also provided information for a 2012 article in the The Wall Street Journal written by Scott Patterson and Jenny Strasburg.