That might work if he goes with a young Indian or Vietnamese guy just starting out. As for quality...I think he just said he wants to pay $100 for the whole job.
I saw one guy on there, the older gentleman, who I would hire in a heartbeat if I was taking another crack at automated trading. $100 an hour for any trading developer worth his salt is a steal. Rates are around $200/hr + for guys of that caliber.
