Bulldozer00's Blog

From High-Frequency Programmers Revolt Over Pay – Forbes.com:

“Pity the programmers toiling away at Wall Street’s secretive high-frequency trading shops–places like Goldman Sachs, Citadel and Getco. They wrote algorithms that take advantage of fleeting trading opportunities and bring in up to $100,000 a day. In return, they received a fraction of the pay doled out to their bosses.”

Now some programmers feel used and are instigating a revolt. They are doing so by striking out on their own or forming profit-sharing arrangements.

Wow! A sampling of DICs has risen above the talking, whining, complaining, poor-me stage. They’ve actually taken action toward their perception of justice. Of course, the holes they’ve created at their former Wall Street greed-masters will be filled by other willing slave-DICs who will revive the whining, complaining, poor-me tradition left behind.