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High-Frequency Programmers Revolt Over Pay

July 30th, 2010 07:43 admin Leave a comment Go to comments

An anonymous reader writes “Programmers who design and code algorithms for investment banking are unhappy with their salaries. Many of them receive a low 6-figure salary whereas their bosses — who manipulate these algorithms and execute the trades — often earn millions. One such anonymous programmer points out that he was paid $150,000 per year, whereas the software he wrote was generating $100,000 per day.”

Source: High-Frequency Programmers Revolt Over Pay

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