Do We Really Need a High Frequency Arbitrage System?

The smartest kids coming out of university don't want to make the world a better place. What they want to do is write the latest colocated server latency arbitrage algorithm that's going to skim a tiny little bit of money off of the top of a whole lot of transactions. I think what we're about to see is big scale conflict of interest, where the smartest people are in a position to exploit it for their own benefit. And what society needs very badly is for somebody who fully understands this to be in charge of doing it for we the people,. not to make e bunch of wall street is even richer.