I have heard that the stock market is the pivot of the nation's prosperity and the treasury of the common people. In antiquity, wise sages established markets to facilitate the exchange of surplus and deficit, to stabilize prices, to nurture enterprises, and to benefit the populace, thriving through value and enduring through integrity. The ups and downs of the stock market affect the livelihood of ten thousand households; trading transactions reveal the fairness of the way of heaven. Yet in recent years, quantitative trading has emerged suddenly, displaying cunning while disrupting order, relying on technology to deceive the masses, causing the stock market ecosystem to crumble, justice to vanish, the virtuous to be harmed, and chaos to proliferate. Though untalented, I am willing to take pen as sword, to issue a proclamation to all under heaven, to denounce the crimes of quantitative trading, to restore order to the market, and to put at ease the hearts of stock investors. [Taoguba]
Now, quantitative traders use algorithms as blades and computing power as edges, sheltering under the name of technology while executing plunder in reality. Their technique is nothing more than exploiting millisecond speed to perceive gaps in the order book, unleashing the power of programs to execute arbitrage for private gain. In bygone times, trading was centered on people—some researched the fundamentals of enterprises, others observed the rise and fall of industries, others relied on accumulated experience. Though there were gains and losses,