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human803658052

8 karma · joined January 21, 2018

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human803658052··on A summary of what quantitative trading firms do
Many companies make a profit by doing something that benefits society in at least some way, society pays them for their service. E.g. selling electronics: the company makes a profit, but society benefits by being able to buy and use those electronics.

What about quantitative trading firms. They make a profit themselves. But how do they benefit society?