High-Frequency Traders: The Cockroaches of the Economic Ecosystem

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"Mr. Netto talks about high-frequency trading in long, loving, unpunctuated torrents, which include extended similes describing why automatic trading is unglamorous but essential. 'Nature has a way of being efficient; nothing goes to waste, O.K.? In other words, everything has a purpose, even things that intuitively you're like, "I hate those things, I hate cockroaches, I hate fleas," or whatever. Well, they have some of the glorious aspects of nature. They're not a lion or a dragon or whatever. But they still have a very vital role in the efficiency in nature.'" [NYO]