October 11, 2010 Thomas Peterffy Speech at the World Federation of Exchanges

Quote from Cdntrader:

the old timers have made all the easy money. It will be much tougher going forward in the algo world.

I agree, but I'll also bet they said the same thing in the 1920's, 30's. 40', 50's, you get the idea.
 
Quote from stock777:

I agree, but I'll also bet they said the same thing in the 1920's, 30's. 40', 50's, you get the idea.

Perhaps the same players, but different strategies. Alot of those old quants that started in the late 80's seemed to have retired.
 
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