Daily Archives: August 13, 2013

Business

Jump Rope Jack Sets Out to Tackle Childhood Obesity with the Cyclone Jump Rope Cable

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When Jump Rope Jack launched the Cyclone Jump Rope Cable, distributer Ms. Carr wanted to do more than simply help the fit become more fit.

Tampa, FL, Aug 13, 2013 – When Jump Rope Jack launched the Cyclone Jump Rope Cable, distributer Ms. Carr wanted to do more than simply help the fit become more fit. Recognizing the growing problem of childhood obesity, Ms. Carr wanted to offer children and adolescents a fun and practical way to get active and healthy. Ms. Carr believes that the Cyclone Jump Rope Cable is the ideal fitness tool to achieve this.

Ms. Carr explains: “Statistics from the Centers for Disease Control and Prevention identify 17% of all American children and adolescents as obese. This is triple the figure compared with the previous generation. With a growing reliance on fast foods and prolonged inactivity, overweight and obese children are becoming more prevalent. These children are highly susceptible to developing type 2 diabetes, plus other health problems.”

The sad fact is that obese children risk premature mortality unless they can lose weight and get healthy. The Cyclone Jump Rope Cable is fully adjustable, making it easy to modify the length based on height. Sold with a lifetime guarantee, this indoor jump rope is perfect for aerobic exercise.

Older generations have fond memories of playing jump rope at school or at home with friends, and Ms. Carr would like to see more children enjoying this fun, social fitness activity. The Cyclone Jump Rope Cable also comes with a free video and eBook to teach double-unders. Kids can have great fun challenging each other’s double-under scores and lose weight at the same time.

Jump Rope Jack customer Michael purchased the Cyclone Jump Rope Cable for his seven nieces aged between 16 and 5. Michael describes the product as a “FUN way for kids to spend time together! Just don’t tell them they are getting in better shape!”

For a short time only, Jump Rope Jack is offering a COUPON for an exclusive 35% discount on the already reduced retail price. This is a great opportunity to give children a quality gift that will improve their fitness and overall well-being.

Contact:
MaryKay Carr
Jump Rope Jack
Tampa, Florida
888-811-5160
info@jumpropejack.com
http://www.JumpRopeJack.com

Consumer Services, Entertainment, Internet & Online, Society, Travel

El Portobello Film Festival regresa con el mejor cine independiente

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El Portobello Film Festival es uno de los eventos más señalados del calendario de cine británico. Tras dieciocho años dando a conocer nuevos cineastas, el festival regresa en el 2013 para explorar el tema de ‘Rock and Roll Cinema and Art’.

La edición de este año albergará el estreno mundial del ‘biopic’ situacionista de Phil Strongman “Anarchist”, dedicada a la vida de Malcom McLaren, además de una exhibición en el Louise T. Blouin Institute y 17 días de proyecciones en los Westbourne Studios y el Portobello Pop Up Cinema en el Westway. Como viene siendo habitual, el festival cuenta con una extensa serie de eventos y curiosidades cinéfilas que promete hacer las delicias de los aficionados al cine ‘indie’.

Como novedad, la edición de este año presentará un cine en Acklam Road, en la unión de Westway con Portobello Road. Este Pop Up Cinema proyectará películas sin parar desde las 6 de la tarde cada día excepto los lunes.

Desde la gran apertura el jueves 29 de agosto hasta el 15 de septiembre, el programa del Pop Up Cinema contará con un gran número de películas independientes, además de un tributo a Hitchock que tendrá lugar el 31 de agosto y dos noches dedicadas al cine de humor, las del 7 y 8 de septiembre. Con entrada gratuita cada noche, bar y cafetería y puestos de comida, el Pop Up Cinema constituye una visita obligada para cinéfilos de estos y otros lares durante septiembre.

Con tanto que explorar en el Portobello Film Festival, lo ideal es alojarse lo más cerca posible de la acción. Con esto en mente, LondonTown.com, en colaboración con una serie de hoteles Londres, ofrece en su portal una serie de descuentos en alojamiento durante el festival.

Entre los hoteles cercanos al festival se encuentran el Pembridge Palace Hotel, de tres estrellas y a tan solo 14 minutos de Portobello Road, con tarifas reducidas hasta un 41% en habitaciones dobles, y el Shaftsbury Premier London Notting Hill, con un 86% de descuento reservando a través de LondonTown.com.

Consumer Services, Entertainment, Internet & Online, Society, Travel

London Hotels Offer Discounts for Notting Hill Carnival

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The Notting Hill Carnival has been injecting noise and colour into London’s West End since 1966, when it was established by the Caribbean community. It is now Europe ‘s biggest street party, featuring floats, costumed dancers, calypso and soca musicians, and in excess of a million revellers of all ages. To coincide with the August Bank Holiday event, booking website LondonTown.com has announced discounted rates on a number of London hotels in the area.

The Carnival Bands start at around 9am on Sunday 25th August and at the same time on Monday 26th. The Sunday is officially designated Children’s Day, and Monday is for Adults. Dozens of Djs will entertain the crowds across Static Sound Systems 40 rigs. The usual mix of latin jazz, reggae, garage, hip hop and samba will dominate the decks. Highlights include Gaz’s Rockin’ Blues stage, which emits sounds heavy on the jazz-reggae.

Visitors are advised to use public transport as most of the local roads are closed to vehicles. Some underground stations may be temporarily closed if they become overcrowded, so revellers should check their planned route before departing.

Probably the egalitarian highlight of the London summer, the Notting Hill Carnival is free of charge for everyone, but partiers coming from outside the capital might be able to make use of LondonTown.com, which has recently announced discounts on a number of London hotels close to the action.

Among the London hotels participating in the offer, the Abbey Court Notting Hill has cut 27% off the standard room rate for double and twin rooms. The discount brings the cost of a night’s stay down to £128. The Abbey Court is located on Pembridge Gardens, less than ten minutes’ walk from the heart of the Carnival.

On the same street, 10 Pembridge Gardens by Mondo is a collection of studio apartments available for nightly rental. During the Carnival, they are offering studio rooms at a 20% discount, bringing the cost of a night’s stay down to just £110.

Both deals are available exclusively when booking via LondonTown.com. Contact the website for more discounted London hotels, and for more information on this year’s Notting Hill Carnival.

-ENDS-

Business

Knightmare on Wall Street, Knight Capital Story, Available at KnightmareonWallStreet Website

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Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop, Proudly Introduces Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, a Behind-the-scenes Look at Knight Capital’s 17 years of Tumultuous Existence as an Independent Company.

New York City, NY, USA (August 13, 2013) — “What a book! Who knew that a trading error at a Jersey City firm could end up being so interesting? One year ago, the mother of all electronic trading debacles scared Wall Street, when sophisticated trading outfit Knight Capital erroneously launched thousands of orders that led it to accumulate an impossible $7 billion position.” That’s how ModernFinanceReport.com kicks off its review of Edgar Perez’s book, with the headline “Trading firms would do well to heed lessons in testing and crisis management.”

Edgar Perez, the celebrated author of The Speed Traders, announced the release of Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, exclusively available at http://www.KnightmareonWallStreet.com, book that provides a thrilling minute-by-minute account of the terrifying hours following their August 1, 2012 trading debacle, with news-breaking research regarding Knight Capital’s 17 years of tumultuous existence as an independent company.

The firm, founded by Kenneth Pasternak and Walter Raquet in 1995, had seen its fortunes change as U.S. regulators made a series of changes in the structure of financial markets and computers were progressively expanding their share of trading. The Flash Crash, the infamous 1,000 point drop of the DJIA on May 6, 2010 (the largest one-day point decline in history), illustrated how market structure problems could almost instantaneously cascade from one market participant to the rest.

Thomas Joyce, CEO of Knight Capital since 2002 and an unapologetic advocate of electronic trading, had been scornful of those companies that struggled to keep up with ever-changing stock markets. So it was certainly shocking that at 9:30 A.M. on August 1, 2012, right after the markets opened for the day, Knight Capital began issuing an unprecedented number of erroneous orders into the market, due to an error in installing new software. No rogue trader or regulatory change; operational risk was passing the bill to Knight Capital and becoming the biggest risk in the financial markets.

Knight Capital announced later a staggering loss of $440 million. What followed after this shocking announcement were several rounds of desperate conversations with a number of vulture players who had smelled opportunity and were readying themselves to pick up bargain-priced pieces. On August 6, 2012, Joyce confirmed that Knight Capital had struck a deal with Jefferies, TD Ameritrade, Blackstone, GETCO, Stephens, and Stifel Financial, staving off collapse days after the trading mishap.

While Knight Capital was back in the game, its limping recovery quickly prompted hungry competitors to bid for the entire company. On December 19, 2012, the board decided to accept an acquisition proposal from GETCO rather than Virtu Financial. For GETCO, acquiring Knight Capital represented a gigantic fast forward step. For Knight Capital, it was the end of its wild ride as an independent entity.

Knightmare on Wall Street provides a fascinating account of what it took to elevate the firm to the cusp of the retail investing revolution of the late 1990s, to struggle through booms and busts, and to bring the firm down, to end up ultimately being ignominiously bought up by a competitor.

Perez is widely regarded as the preeminent global expert in the specialized area of high-frequency trading. He is author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, published in English by McGraw-Hill Inc. (2011), published in Mandarin by China Financial Publishing House (2012), and Investasi Super Kilat: Pandangan Orang dalam tentang Fenomena Baru Frekuensi Tinggi yang Mentransformasi Dunia Investasi, published in Bahasa Indonesia by Kompas Gramedia (2012). Perez is course director of The Speed Traders Workshop, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai). He contributes to The New York Times and China’s International Finance News and Sina Finance.

Media Contact:
Julia Petrova
Media Relations Coordinator
Knightmare on Wall Street
516-761-4712
info@knightmareonwallstreet.com
http://www.knightmareonwallstreet.com

Business

Secrets of the Knight Revealed at Book Launch Party in New York City for Knightmare on Wall Street

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Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop, Proudly Introduces Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, a Behind-the-scenes Look at Knight Capital’s 17 years of Tumultuous Existence as an Independent Company.

New York City, NY, USA (August 13, 2013) — A book launch party is planned in New York City for Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets. Now exclusively available at http://www.KnightmareonWallStreet.com, Knightmare on Wall Street provides a fascinating account of what it took to elevate Knight Capital to the cusp of the retail investing revolution of the late 1990s, to struggle through booms and busts, and to bring the firm down, to end up ultimately being ignominiously bought up by a competitor.

Edgar Perez, the celebrated author of The Speed Traders (http://www.TheSpeedTraders.com) and global speaker on the topics of high-frequency trading (HFT) and investing, brings again a masterpiece for the trading and investing class with this thrilling minute-by-minute account of the terrifying hours following its August 1, 2012 trading debacle, with news-breaking research regarding Knight Capital’s 17 years of tumultuous existence as an independent company.

The firm, founded by Kenneth Pasternak and Walter Raquet in 1995, had seen its fortunes change as U.S. regulators made a series of changes in the structure of financial markets and computers were progressively expanding their share of trading. The Flash Crash, the infamous 1,000 point drop of the DJIA on May 6, 2010 (the largest one-day point decline in history), illustrated how market structure problems could almost instantaneously cascade from one market participant to the rest.

Thomas Joyce, CEO of Knight Capital since 2002 and an unapologetic advocate of electronic trading, had been scornful of those companies that struggled to keep up with ever-changing stock markets. So it was certainly shocking that at 9:30 A.M. on August 1, 2012, right after the markets opened for the day, Knight Capital began issuing an unprecedented number of erroneous orders into the market, due to an error in installing new software. No rogue trader or regulatory change; operational risk was passing the bill to Knight Capital and becoming the biggest risk in the financial markets.

Knight Capital announced later a staggering loss of $440 million. What followed after this shocking announcement were several rounds of desperate conversations with a number of vulture players who had smelled opportunity and were readying themselves to pick up bargain-priced pieces. On August 6, 2012, Joyce confirmed that Knight Capital had struck a deal with Jefferies, TD Ameritrade, Blackstone, GETCO, Stephens, and Stifel Financial, staving off collapse days after the trading mishap.

While Knight Capital was back in the game, its limping recovery quickly prompted hungry competitors to bid for the entire company. On December 19, 2012, the board decided to accept an acquisition proposal from GETCO rather than Virtu Financial. For GETCO, acquiring Knight Capital represented a gigantic fast forward step. For Knight Capital, it was the end of its wild ride as an independent entity.

Perez (http://www.MrEdgarPerez.com) is widely regarded as the preeminent global expert in the specialized area of high-frequency trading. He is author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, published in English by McGraw-Hill Inc. (2011), published in Mandarin by China Financial Publishing House (2012), and Investasi Super Kilat: Pandangan Orang dalam tentang Fenomena Baru Frekuensi Tinggi yang Mentransformasi Dunia Investasi, published in Bahasa Indonesia by Kompas Gramedia (2012). Perez is course director of The Speed Traders Workshop, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai). He contributes to The New York Times and China’s International Finance News and Sina Finance.

Media Contact:
Julia Petrova
Media Relations Coordinator
Knightmare on Wall Street
516-761-4712
info@knightmareonwallstreet.com
http://www.knightmareonwallstreet.com

Business

Loss of $104M in Q2 for KCG Holdings, Knight Capital and GETCO, Star of Knightmare on Wall Street

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Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop 2012, Proudly Introduces Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, a Behind-the-scenes Look at Knight Capital’s 17 years of Tumultuous Existence as an Independent Company.

New York City, NY, USA (August 13, 2013) — Bloomberg reported that Getco and Knight Capital lost money last quarter as the trading firms were completing a merger prompted by Knight’s brush with bankruptcy a year ago. KCG Holdings, as the firm formed by the July 1 union is known, said in a statement that Getco’s second-quarter net loss totaled $72.9 million and Knight’s loss was $30.8 million. Getco’s sales fell 16 percent from a year earlier to $118 million, while Knight’s revenue rose 25 percent to $315 million.

Excluding $61 million in expenses related to the merger along with writedowns, restructuring charges and finance commitment fees, Getco’s pretax loss was $8.9 million. Getco’s market-making unit produced a loss of $2 million on $118 million in revenue, compared with profit of $9.7 million and sales of $136 million a year earlier. The execution-services business, which provides trading services to clients, improved revenue from a year earlier while posting a bigger loss. Sales rose 41 percent to $13 million, and the loss widened to $2.9 million from $1.5 million. Knight’s market-making profit amounted to $50 million in the second quarter, an increase from $5.9 million a year earlier.

Edgar Perez, the celebrated author of The Speed Traders, just released Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, exclusively available at http://www.KnightmareonWallStreet.com, book that provides a thrilling minute-by-minute account of the terrifying hours following their August 1, 2012 trading debacle, with news-breaking research regarding Knight Capital’s 17 years of tumultuous existence as an independent company.

“The book goes into great detail when it analyses the backstories of the main characters involved in the company starting with founders Ken Pasternak and Walter Raquet, CEO Tom Joyce (known as T.J. since his Harvard days) and vulture bidders Daniel Coleman from GETCO and Vincent Viola from Virtu. While other books lose many people early, Perez whets readers’ appetites early by hitting the ground running in chapter one focusing on the chaos that ensued Knight’s infamous trades at the opening.”

“Perez does a tremendous job in making the histories of all of the people and companies involved as easy to digest as possible; peg orders are arguably not an easy concept to explain. Again – excellent book, but readers have to invest some time slogging through the first 25% of the book to get back to the action. As soon as Joyce comes back to the office after surgery and realizes the extent of the challenges ahead, all hell breaks loose and things start to get very exciting again.”

Perez is widely regarded as the preeminent global expert in the specialized area of high-frequency trading. He is author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, published in English by McGraw-Hill Inc. (2011), published in Mandarin by China Financial Publishing House (2012), and Investasi Super Kilat: Pandangan Orang dalam tentang Fenomena Baru Frekuensi Tinggi yang Mentransformasi Dunia Investasi, published in Bahasa Indonesia by Kompas Gramedia (2012). Perez is course director of The Speed Traders Workshop, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai). He contributes to The New York Times and China’s International Finance News and Sina Finance.

Media Contact:
Julia Petrova
Media Relations Coordinator
Knightmare on Wall Street
516-761-4712
info@knightmareonwallstreet.com
http://www.knightmareonwallstreet.com

Business

Winning (GETCO), Losing (Virtu) and Spurned (Citadel) Knight Suitors at Knightmare on Wall Street

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Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop, Proudly Introduces Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, a Behind-the-scenes Look at Knight Capital’s 17 years of Tumultuous Existence as an Independent Company.

New York City, NY, USA (August 13, 2013) — Edgar Perez, the celebrated author of The Speed Traders, follows in its tradition of stellar shows with the release of Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, exclusively available at http://www.KnightmareonWallStreet.com, book that provides a thrilling minute-by-minute account of the terrifying hours following their August 1, 2012 trading debacle, with news-breaking research regarding Knight Capital’s 17 years of tumultuous existence as an independent company.

Knightmare on Wall Street’s rich cast of characters includes the winning, losing and spurned suitors of Knight Capital:

The Winning Suitor, GETCO
* Stephen Schuler, Co-founder
* Dan Tierney, Co-founder
* Daniel Coleman, Chief Executive Officer
* Bill Ford, Chief Executive Officer of General Atlantic, GETCO’s biggest investor

The Losing (yet Profitable) Suitor, Virtu Financial
* Vincent Viola, Founder and Chief Executive Officer
* Chris Concannon, Partner
* Dick Grasso, “unofficial adviser”, and former Chairman of the New York Stock Exchange

The Spurned Suitor, Citadel
* Ken Griffin, Founder and Chief Executive Officer
* Tom Miglis, Chief Information Officer
* Jamil Nazarali, Senior Managing Director, Head of Citadel Execution Services
* Matt Cushman, Senior Managing Director
* Noel Dalzell, Vice President, Head of Strategy and New Product Development
* Matthew Taback, Mark Stehli, John Kane and Michael Donofrio, Trader, former Knight employees
* Kristen Benza, Vice President

Perez is widely regarded as the preeminent global expert in the specialized area of high-frequency trading. He is author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, published in English by McGraw-Hill Inc. (2011), published in Mandarin by China Financial Publishing House (2012), and Investasi Super Kilat: Pandangan Orang dalam tentang Fenomena Baru Frekuensi Tinggi yang Mentransformasi Dunia Investasi, published in Bahasa Indonesia by Kompas Gramedia (2012). Perez is course director of The Speed Traders Workshop, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai). He contributes to The New York Times and China’s International Finance News and Sina Finance.

Media Contact:
Julia Petrova
Media Relations Coordinator
Knightmare on Wall Street
516-761-4712
info@knightmareonwallstreet.com
http://www.knightmareonwallstreet.com