High-Frequency Programmers Revolt Over Pay

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."

Re:Yet...he agreed to it right?

[IndustrialComplex]

Maybe he was surprised it worked ;)

The programmers are revolting...

[lupinstel]

The programmers are revolting...
You said it; they stink on ice.

Re:waaaaaaambulance

[pak9rabid]

Like most model slashdotters, I fly off half-cocked then RTFA.

Re:Simple solution.

[gandhi_2]

Erm.... my options are quit or quit?

What about quietly undermining the organization while biding your time looking for opportunities?

Re:Simple solution.

[RivenAleem]

Option Three:
Write a subroutine that takes the fractions of cents usually rounded off and tallied up later, and deposit them into an account of your own. Then sit back as the money trickles into your account. What could possibly go wrong?

Re:Simple solution.

[nloop]

Excuse me, I believe you have my stapler.

Re:waaaaaaambulance

[waambulance]

you called?

Re:waaaaaaambulance

[Tyler Durden]

+1 - Honesty?

Re:None of them should be making any money

[scyph]

Millisecond trading is so 2008; we're onto microsecond trading now.

Re:Bosses earn too much

[dmmiller2k]

Maybe six figures for a programming job is fantastic for the first five or ten years, but it pretty much loses its luster after that.

Re:Simple solution.

[Sponge Bath]

Your post should have had a spoiler warning, now I feel unmotivated to read the article.

Re:Somebody call the waaaambulance

[Anonymous Coward]

Wow! It's amazing what you learn when you actually read the article. I should do it more often.

I don't think you're legally allowed to keep posting on slashdot anymore.

Re:Bosses earn too much

[Seismologist]

I wrote a program that takes the remainder of thousands of fincial transactions that would be otherwise be rounded off... and puts them into a bank account under my control. It would accumulate these funds slowly over time. Hopefully I got the decimal place right in my program.

Re:Somebody call the waaaambulance

[Lumpy]

$29 bucks a year? Wow dude... you better panhandle better.

Also why do you carry it out to 3 decimal places?