Not anymore. He hires quants now. That was 30 years ago when guys on the floor of the NYMEX were front running brokers.
Why do quants work with traders? Why not just with each other? Serious question. Someone else care to chime in??
Unfortunately, reality proves that myth completely wrong in today 's market. Yeah , 25 years ago it was probably correct-- but today, the educated OWN the markets.
Walk into DRW's offices. Or TMG. Or Jump. Or CTC. Tell me how many "under educated" people you see there. You are very naive.
I have no programming or advanced math skills but I'm still surviving as a retail daytrader. I have hired programmers though. To each his own I guess