bandit

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bandit:

see brigandagebrigandage
[Ital. brigare=to fight], robbery and plundering committed by armed bands, often associated with forests or mountain regions. Social and political demoralization, economic or political oppression, and racial or religious antagonisms may give rise to brigandage,
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References in periodicals archive ?
Latency arbitragers, like the SOES bandits before them, sought to scoop up price differences resulting from momentary time lags between exchanges.
Dubbed SOES bandits, these pioneering day traders were adept at using Nasdaq's Small Order Execution System (SOES) to seize arbitrage profits from the market makers.