Renaissance Technologies

6062.297 - 6085.503 Ben Gilbert

So anytime that there's an opportunity to bring the way that a currency is trading on two different exchanges closer together, investors are serving their purpose of coming in, arbitraging that difference, taking a little bit of profit as a thank you, and then sort of fixing the market to make the market a true weighing machine, not a voting machine, but making it so that all prices reflect the value of what something is actually worth.