A Commonplace Book

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The Guardian 8Smith 9

 

Is he [a New York stocks trader] motivated by greed? "Definitely. Do I have any existential or moral issues with that? I don't. We're not seeking to improve the state of technology -- we push the envelope to seek profit. The way I redeem it is seeing the benefit it has for my child and my wife."
-- Andrew Smith. "Fast money: the battle against the high frequency traders," The Guardian (Jun 6, 2014) http://www.theguardian.com/business/2014/jun/07/inside-murky-world-highfrequency-trading
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