Comment by msy

You clearly haven't worked in finance. The traders get a percentage cut, as do the quants, it's only reasonable the hackers started asking where their cut was. However they are conflating programmers and quants here, the guy who puts together a FIX interface is a pretty replaceable cog, the guys who develop algorithms and their implementations are quite literally worth their weight in gold if they're good. The thing with the serious high-freq stuff is the line between implementation and algorithm really starts to blur, you need people who can write seriously fast code that's also bulletproof and can be turned around fast. You need a deep understand of how markets work, how feeds work, how to handle everything from fast market conditions to managing latency issues in multi-venue trade distribution setups.