Even when they’re profitable every day, high-frequency traders aren’t making much money

Virtu Financial—one of the world’s largest computerized trading firms—made money every trading day last quarter. The problem is that it made less of it than in the past, as volatility in the financial markets has dried up in recent months. Big price swings are good for high-frequency trading strategies, as machines can swoop in and take advantage…

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Why Cant Monkeys Talk?

Decades ago, while Philip H. Lieberman was soaking in a bathtub and listening to the radio, he heard anthropologist Loren Eiseley ponder an evolutionary puzzle: Why couldn’t monkeys talk? Like us, they’re social primates, intelligent and certainly not quiet. Rhesus macaques grunt, coo, screech and scream. Infant macaques make sounds known as geckers. Despite the grunting and geckering, though, no other…

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