Category Archives: Business

Google’s Top-Ranked HFT Conference to Bring Hundreds of Traders Together in London, NYC and Chicago

March 13, 2013 staronepr Leave a comment

Golden Networking hosts the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013 London “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, March 21 (www.HFTExpertsForum.com).

New York City, NY, USA (March 13, 2013) — Which is the Google’s top-ranked high-frequency trading all over the world? High-Frequency Trading Leaders Forum 2013, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” (http://www.HFT-Leaders-Forum.com), organized by Golden Networking, will bring the latest on speed trading to the world’s financial capitals, London (March 21), New York City (May 30) and Chicago (October 8).

Advanced computerized trading platforms and market gateways are becoming standard tools of most types of traders, including high-frequency traders. Broker-dealers now compete on routing order flow directly, in the fastest and most efficient manner, to the line handler where it undergoes a strict set of Risk Filters before hitting the execution venue(s). Ultra Low Latency Direct Market Access (ULLDMA) is a hot topic amongst Brokers and Technology vendors such as Goldman Sachs, Credit Suisse, and UBS. Typically, ULLDMA systems can currently handle high amounts of volume and boast round-trip order execution speeds (from hitting “transmit order” to receiving an acknowledgment) of 10 milliseconds or less.

Such performance is achieved with the use of hardware acceleration or even full-hardware processing of incoming market data, in association with high-speed communication protocols, such as 10 Gigabit Ethernet or PCI Express. More specifically, some companies provide full-hardware appliances based on FPGA technology to obtain sub-microsecond end-to-end market data processing. High-Frequency Trading Leaders Forum 2013 will provide traders, quants and technologists with the most up-to-date review of where this ever-changing industry stands and is going through an inspiring keynote speeches and thought-provoking panels with leaders in the field.

With high-frequency trading the subject of great controversy and debate, many regulations will be bound to change. How will regulations impact the way traders are capturing alpha? Would there be restrictions that can possibly harm algorithmic trading? How the economic and political landscape might impact the pace and severity of these changes?

Finally, there has been a dramatic shift in how instruments are traded in the market. With high frequency trading able to detect price discrepancies in microseconds, aided by technology, regulators have grown increasingly concerned about its impact in market structure and fairness. What is the outlook for the markets when all participants engage in the arms race of super smart algorithms? Where will institutional and retail investors find opportunities? Conversely, could we imagine a world without high-frequency trading?

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading-Conference.com) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” will bring insights for investors and speed traders, who need to protect and refine their competitive advantage in a world dominated by algorithmic and high-frequency trading. Recognized practitioners, regulators, experts, and strategists will return to High-Frequency Trading Leaders Forum 2013 London, New York City and Chicago to provide hundreds of attendees with the information they are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

Topics that will be discussed at High-Frequency Trading Leaders Forum 2013 include the role of new technologies to achieve low-latency, the movement toward emerging markets, which is increasingly attuned to the use of bots, and the regulatory environment, specifically how new technologies are changing the game, including a look at the upcoming regulatory changes in both sides of the Atlantic.

High Frequency Trading Leaders Forum 2013 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by calling +1-414-FORUMS0 or sending an email to info@goldennetworking.net.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business

Closing Deals with Hundreds of Traders & Techies at High-Frequency Trading Leaders Forum 2013 London

March 13, 2013 staronepr Leave a comment

Golden Networking hosts the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013 “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, London (March 21), New York City (May 30) and Chicago (October 8) (www.High-Frequency-Trading-Conference.com).

New York City, NY, USA (March 13, 2013) — Finance, technology and consulting firms can provide unique insights from their industry exposure to unique audiences looking to maintain their edge in the competitive investment arena. Golden Networking‘s forums have been known to raise the profile of both established and emerging firms in finance, technology and consulting. Alternative investments analysts, asset managers, automated traders, chief economists, chief investment officers, chief operating officers, chief risk officers, chief technology officers, developers, financial engineering graduates, fund of funds managers, heads of trading, government regulators, hedge fund managers, high-frequency traders, institutional investors, investment professionals, legal advisors, portfolio managers, proprietary traders, quality directors, quantitative traders, risk managers and statistical arbitrageurs are a few of the titles of attendees expected at High-Frequency Trading Leaders Forum 2013.

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading-Conference.com), “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, forums that will be held in London (March 21), New York City (May 30) and Chicago (October 8), will provide the financial and technology communities the opportunity to reach out hedge funds traders, high-frequency trading quants, managers, technologists and practitioners in general while they get the most up-to-date review of where this ever-changing industry stands and is going through inspiring keynote speeches and revealing panel discussions.

Participating as a Sponsor of our High-Frequency Trading Leaders Forum 2013 is an excellent opportunity for finance and technology companies to receive maximum exposure to the high-frequency, quantitative and algorithmic trading communities. Golden Networking is offering three outstanding packages each with a terrific set of privileges for different budgets: Platinum, Gold and Silver, plus specific add-ons that include sponsoring a breakfast, a lunch or a networking reception.

Key Platinum Sponsorship benefits:

– Keynote speaker opportunity
– Top logo placement in ALL program materials
– Top logo placement on website with hyperlink
– Two (2) exhibition stand units
– Complimentary six (6) passes for your clients & prospects
– Acknowledgement of sponsorship during remarks
– Full-page program insert
– Final attendee list with contact information

Key Gold Sponsorship benefits:

– Panelist / moderator opportunity
– Prominent logo placement in ALL program materials
– Prominent logo placement on website with hyperlink
– One (1) exhibition stand unit
– Complimentary 4 passes for your clients & prospects
– Acknowledgement of sponsorship during remarks
– Full-page program insert
– Final attendee list with contact information

Key Silver Sponsorship benefits:

– Logo placement in ALL program materials
– Logo placement on website with hyperlink
– One (1) exhibition stand unit
– Complimentary 2 passes for your clients & prospects
– Acknowledgement of sponsorship during remarks
– Half-page program insert
– Final attendee list with contact information

Key Associate Sponsorship benefits:

– Logo placement on website with hyperlink
– One (1) exhibition stand unit
– Complimentary two (2) passes for your clients & prospects
– Final attendee list with contact information

Key Exhibitor Sponsorship benefits:

– One (1) exhibition stand unit
– Complimentary two (2) passes for your clients & prospects

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business, Construction, Industrial

Rough Terrain Crane Rental Success for Connecticut Based Company

March 12, 2013 EPR Network Leave a comment

A Quick Pick Crane & Rigging has been successfully growing in the Rough Terrain Crane Rental market. Currently, the company owns (1) 80 Ton rough terrain and (2) 50 Ton rough terrain cranes, but has the ability to acquire more and/or larger sizes for long term jobs.

Rough Terrain Cranes work well on heavy highway and bridge jobs, jobsites requiring rebar and concrete pours, and steel erection. Compact design, flotation tires, 4 wheel drive, and crab steering allow these cranes to work on tight jobsites with mud, rock, dirt, or snow. The company has also done work on cell sites and set a number of modular homes with the cranes because of harsh jobsite conditions.

A Quick Pick Crane & Rigging Service is based in Derby, CT, services the CT, NY, MA, RI areas, and provides boom trucks, mobile hydraulic, rough terrain, tower, and crawler cranes for rent to the construction industry. Their rigging division provides HVAC/mechanical rigging, machinery moving, sculpture/artwork moving. The company also provides ancillary trucking and industrial storage for their crane and rigging customers.

Business, Electronics, Industrial, Retail, Technology

ePathChina: The Most Reliable Electronic Goods Supplier

March 12, 2013 EPR Network Leave a comment

ePathChina is a proficient B2C e-commerce website owned by a Chinese drop-shipping and wholesale company, ePathChina Limited. This Hong Kong-based company serves buyers across the world. It is also a wholesale exporter of a wide variety of electronic products, including Cell Phones, Media Players, Computers and Office Accessories, Car Accessories, Games and Gadgets, Cameras and Camcorders, Home Electronics, Security and Surveillance, General Accessories and much more.

In particular, ePathChina has an exclusive range of products in categories like spy cameras, LED flashlights, iPads, and Galaxy Tab accessories, which have gained tremendous popularity in global markets.

Over 5 Years of Industry Experience and 25,000 Satisfied Clients

With more than five years of experience, the company has served over 25,000 customers globally. All the products offered on their site are made in Shenzen (China), which is a global sourcing center for electronic products. All of them are passed through 100% quality inspection to ensure high quality, and are offered at wholesale prices. After the sale, if the customer is facing any problem with the products, they are eligible to avail unconditional after-service.

ePathChina is a great online shopping website for buying wholesale electronics, especially if you are buying things in bulk. This website supplies goods and products to all businessmen, like eBay sellers, retailers, distributors, drop shippers, store owners, and small wholesalers.

Why Should You Consider ePathChina for Your Electronic Shopping Needs?

If you have just come across ePathChina, it is quite obvious that you would be wondering why you should consider this e-commerce website. There is more than one reason as to why you should opt for this! Read on to know.

• Products with Great Value : Of late, ePathChina has re-entered the market with only high quality products, implying the site has got rid of the poor quality items after researching through them. This appears to be an excellent improvement since all the products that are on sale now are high quality ones at inexpensive cost, meaning they are products of great value.

• Safe and Easy Payment Methods : The website offers easy methods for payments through Western Union, bank transfer, PayPal (credit cards), and Money Gram. All payment currencies are also available on this online shopping site.

• Best Delivery Procedures : The goods are delivered in time as promised by them. Usually, they promise to ship 30% of the products on the same day as the order is placed, 50% order within 2 days, and 15% orders within 3 days.

• Good Client Support : The client support that the company offers is good even for after-sales service. They are courteous and quick enough in answering all customer concerns. The company still focuses on improving service quality all the time.

Overall, ePathChina is a reliable company for all your electronic shopping needs.

Upgraded Website

As a successful foreign trade wholesaler, ePathChina always stays updated with the changing times and technology so as to meet the higher demands and needs of the customers. Recently, the company updated its old website by not only changing the homepage’s overall layout, but also individual product’s web page. Customers can get to see more product images that are more colorful and clearer than before, while they can get a refreshing and pleasant feel. Moreover, there are more images displayed for each product from different angles as against just one image for one product earlier. This helps to give the purchaser all-wave info of the product.

In addition, customers can get clear details of inquiry in a new page. Irrespective of whether it is just one deal or two or larger orders, customers can find great deals. They can also find few useful tips given on the page like shipping, after-sales service, and FAQs, which have been added to meet the consumer demands.

ePathChina Coupons

If you are a regular shopper at ePathChina.com, the benefits that you can avail do not end at just competitive prices and good customer service. Further, there are ePathChina coupons that offer discounts and promotional offers, making the purchase even more meaningful and valuable for you as a customer. Customers can use the coupon codes to avail an extra discount. Reviewing the website on a regular basis can help you to be aware of such offers and avail them.

Thriving to Ensure 100% Customer-Satisfaction

Ever since the company was established in the year 2007, it has been striving hard to be consumers’ desired partner. It will continue with its website optimization and offer more exceptional service to meet the higher consumer demands.

This way, ePathChina has always been striving hard to meet the consumer needs and keep them up-to-date with the advancements in technology, and ensure 100% satisfaction in every regard.

So, what are you waiting for – come and shop at ePathChina.com, and avail all the exclusive deals today!

Business

URALCHEM HOLDING P.L.C. Reports IFRS Financial Results for the year 2012

March 12, 2013 staronepr Leave a comment

– Revenue increased to US $ 2,423 million, compared to US $ 2,080 million in 2011.
– Operating profit increased to US $ 734 million, compared with US $ 659 million in 2011.
– Adjusted EBITDA grew to US $ 839 million, compared to US $ 750 million in 2011.
– Net profit amounted to US $ 665 million, compared with US $ 445 million in 2011.

Moscow, Russia (March 12, 2013) — URALCHEM HOLDING P.L.C. (hereinafter URALCHEM Holding or the Company), a Cypriot holding company of the URALCHEM Group (hereinafter the Group), one of the largest producers of nitrogen and phosphate fertilizers in Russia, published its audited IFRS Financial Statements for the year 2012.

Dmitry Konyaev, CEO of URALCHEM, OJSC (a Russian holding company of the Group), commented on the 2012 results, “Thanks to the programmes for the modernization of production facilities, which we have successfully implemented in recent years, as well as our efforts to improve the management of the company, the year 2012 was a success for URALCHEM Holding. During the year, we maintained an optimal balance of production, oriented towards current demand, which allowed us to be responsive to the needs of the market. These factors enabled the company to show good operational and financial performance over the past year.”

Financial Results

Revenue for the year 2012 grew to US $ 2,423 million, compared to US $ 2,080 million in 2011. Operating profit amounted to US $ 734 million, or 30% of the revenue, compared with the operating profit of US $ 659 million, or 32% of the revenue in 2011. Net profit for the year 2012 amounted to US $ 665, compared to US $ 445 million in 2011.

During the year 2012, adjusted EBITDA reached US $839 million, compared to US $750 million the year before, a rise of 12%. Adjusted EBITDA margin for the year 2012 comprised 35% of the revenue compared with 36% of the revenue for the year 2011.

Markets

After the fall of the price of ammonia in the first quarter due to lower demand from industrial consumers, prices started to recover in late March and early April. This recovery occurred due to the delayed launch of new facilities and close-down repairs at a number of major enterprises in the Middle East, as well as restrictions on the supply of gas in Trinidad. The same factors determined growth in prices during the second and third quarters. In the fourth quarter, there was a decline in prices associated with the reduction in demand from the industrial consumers in the US, Asia, and North Africa. Over the year, average prices for ammonia on the basis of FOB Yuzhny port grew by 5.2% compared to the same period in 2011.

The urea market remained relatively stable in the first half of the first quarter. However, a sharp rise in prices began later, due to high demand in the United States, backed by demand in Latin America and India. In the second half of the second quarter, prices fell due to the end of seasonal demand in the Northern Hemisphere. During the third quarter, prices were relatively stable, with a tendency to growth towards the end of the quarter, due to increased demand in major markets, which coincided with the closure of a number of CIS and the Middle East facilities for repairs. In the fourth quarter, prices fell due to low buying activity. Overall, in the second half of the year the market was under pressure from massive Chinese exports. As a result, the average price of prilled urea on the basis of FOB Yuzhny port decreased by 3.5% compared to 2011.

The prices of ammonium nitrate in 2012 basically followed the dynamics of the urea price. The price increase in the first quarter was driven by demand in the domestic market of the CIS. Until the middle of the second quarter, prices grew mainly due to the support from price of urea. From the middle of the second quarter, prices fell under the influence of the seasonal decrease in demand and also the pressure of prices for urea. In the third quarter, prices were relatively stable. Near the end of the quarter there was a strong growth in prices due to the lack of available products as a result of a number of enterprises switching to the production of commercial ammonia, as well as due to increased demand in the domestic market of the CIS. Falling prices in the first half of the fourth quarter is associated with pressure from the price of urea. From the middle of the quarter, there was a recovery in prices for ammonium nitrate in the ports of the CIS because of redistribution of the product to the domestic market, as well as switching of production to the manufacture of ammonia. Overall for the year 2012, there was a 2% decline in the prices of ammonium nitrate in the ports of CIS compared to the average price in 2011.

During the first quarter, the price of phosphate fertilizers slightly decreased due to the extremely low market activity. In the second quarter, the signing of the Indian contracts stabilized prices. During the quarter, the market showed a moderate recovery due to demand in Latin America and a number of “niche” markets. The third quarter was characterized by stable prices and low market activity. By the end of the quarter there was a tendency to a slight decrease in prices due to lack of demand in the South Asian markets and the purchasing tactics used by Latin American buyers based on current needs. In the fourth quarter, the downward trend in prices continued. The main reason for the decline in prices remained a lack of demand from South Asia, the low demand activity in Latin America, as well as increasing export supply from the US due to the end of the phosphate season. In 2012 the price of phosphate fertilizers in the CIS ports decreased by more than 12% compared to the average price in 2011.

Sales

Against the background of steady high demand for the Group’s fertilizers in Russia and abroad, the sales in 2012 rose by 18% compared to 2011, amounting to a total of 5,796 thousand tons. Sales of urea increased by 128%, sales of commercial ammonia grew by 50%.

Financial Situation

Due to the increase in revenue, cash generated from operating activities amounted to US $669 million for the year 2012, compared to US $523 million the year before.

On 31 December 2012, the Company’s net debt amounted to US $830 million compared to US $931 million at the end of the previous year. The weighted average interest rate in the loan portfolio of the Group for the year 2012 amounted to 5.2% annually compared to 5.9% annually for the year 2011.

-Ends-

For more information, please visit the Company web site http://www.uralchem.com or use the following contact information:

PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com

URALCHEM HOLDING P.L.C. is a holding company of the URALCHEM Group, which includes four fertilizer manufacturing facilities in Russia. URALCHEM Group is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.5 million tons of ammonium nitrate, 2.8 million tons of ammonia, 0.8 million tons of MAP and DAP, 0.8 million tons of complex fertilizers and 1.2 million tons of urea per year. URALCHEM Group is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilizers in Russia. URALCHEM Group’s key production assets include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilizers, OJSC in Voskresensk, Moscow region.

Business

Achieving Low Latency and High Throughput at High-Frequency Trading at HFT Leaders Forum 2013 London

March 12, 2013 staronepr Leave a comment

Golden Networking brings the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” London, March 21 (www.High-Frequency-Trading-Conference.com).

New York City, NY, USA (March 12, 2013) — As high-frequency trading (HFT) moves towards multi-asset classes running multi-legged strategies demanding even faster execution, ultra-low latency performance becomes the focus. How will architectures evolve to meet the latency challenge? How helpful overclocking CPUs and leveraging FPGA coprocessors can result? How will wireless, cloud and big data technologies play in the speed race? How technology can enable modern applications to minimize latency while managing for high throughput? The answers will be debated at High Frequency Trading Leaders Forum 2013 London (http://www.High-Frequency-Trading-Conference.com), “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, this March 21 in London.

High-frequency trading strategies are highly dependent on ultra-low latency. To realize any real benefit from implementing these strategies, a firm must have a real-time, colocated, high-frequency trading platform where data is collected, and orders are created, routed and executed in sub-millisecond times. For HFT strategies speed of execution is key.

DMA or DSA (algo) are means of executing trading flow on a selected venue by almost bypassing the brokers discretionary methods. For the lack of interaction with the broker this is sometimes referred to as no-touch. DMA flow passes directly through the DMA market gateway and onto the venue while passing though strict risk checking and position keeping algorithms. It is at this point the brokers may monitor the behavior of their DMA clients. For the purposes of high-frequency trading, the DMA must not delay orders by more than a millisecond with a few technology firms able to achieve round trip times in the microseconds. With the ability to co-locate the HFT traders black boxes with the DMA next to a venue’s matching engine, ultra-low latency can be achieved.

“Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” is the theme of High-Frequency Trading Leaders Forum 2013, forum that will provide attendees in London with the most up-to-date review of where this ever-changing industry stands through an insightful keynote speeches and thought-provoking panels with leaders in the field. Recognized experts, regulators, and strategists, will return to High-Frequency Trading Leaders Forum 2013 London to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business

Arlene McCarthy MEP at The Times: U.K. needs to take a crash course in influencing E.U. partners

March 12, 2013 staronepr Leave a comment

New York City, NY, USA (March 12, 2013) — According to The New York Times, the British government stood isolated last week on an important European Union issue Tuesday after finance ministers from elsewhere in the bloc rejected its effort to water down proposed limits on bankers’ bonuses.

The ministers, taking up rules provisionally approved last week by representatives of the European Parliament and member states, broadly agreed on Tuesday to cap bonuses at no more than the annual salary for bankers working in the 27-nation European Union and for those working for European-based banks worldwide. The ministers left the door open for further concessions that could permit some slightly higher bonuses. The bonus caps, which are subject to formal approval by a majority of member states, among other steps, are aimed at reining in the risky, but potentially high-reward, behavior that contributed to the financial crisis.

British officials and bankers have warned that the limits could make it harder to keep London, Europe’s main financial hub, competitive with financial centers like New York, Singapore and Hong Kong.

“This government needs to take a crash course in finding friends and influencing E.U. partners,” said Arlene McCarthy, a member of Britain’s Labour Party in the European Parliament, senior member of the chamber’s Economic and Monetary Affairs Committee and speaker at the most influential high-frequency trading conference in the world, Golden Networking’s High Frequency Trading Leaders Forum 2013 (http://www.HFT-Leaders-Forum.com) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” London, March 21. Ms. McCarthy said she supported the caps as the only way to rein in bankers. But she complained that the Cameron government had failed to win more favorable terms for the City “because of a kind of arrogance” toward its partners in the European Union.

High-Frequency Trading Leaders Forum 2013, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” (http://www.HFT-Leaders-Forum.com) will bring insights for investors and speed traders who need to protect and refine their competitive advantage in a world dominated by algorithmic and high-frequency trading. Recognized practitioners, regulators, experts, and strategists will return to High-Frequency Trading Leaders Forum 2013 to provide attendees with the information they are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

Topics that will be discussed at High-Frequency Trading Leaders Forum 2013 include the movement toward emerging markets, which is increasingly attuned to the use of bots, and the regulatory environment, specifically how new technologies are changing the game, including a look at the upcoming regulatory changes that undoubtedly will be precipitated by Knight Capital’s trading glitch.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business

Newly Appointed Executive Markets Director, AMF, at World’s Most influential London HFT Conference

March 12, 2013 staronepr Leave a comment

New York City, NY, USA (March 12, 2013) — Philippe Guillot the newly appointed Executive Director of the Markets Directorate, Autorité des Marchés Financiers, will be speaker at upcoming, Golden Networking‘s High Frequency Trading Leaders Forum 2013 London, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, March 21. The Markets Directorate is a new entity formed in 2011 to monitor the markets, infrastructures and market stakeholders. With a headcount of around 40, it reports to the Asset Management and Markets Directorate, run by Arnaud Oseredczuk. The AMF Markets Division monitors financial markets, infrastructures and market stakeholders.

According to Waters Technology’s Steve Dew-Jones, regulators are giving Mifid I-which increased competition-a vote of confidence, but are also highlighting the increased complexity and unintended consequences that followed the legislation. In this regard, Guillot says that “market microstructure is incredibly fragile and we do not know exactly what will happen when we change it.”

Mr. Guillot added: “If you take the minimum resting time proposition, this is something that is very harsh and there is no way back after you have done it because if you put it at 500 milliseconds, afterward it will be very difficult to say, ‘Oh, maybe we should have put it at 480 or 520.’ Look at what happened in Mifid I. If you decide to create competition, it’s very difficult to come back, and you have lots of unintended consequences.”

Mr. Guillot began his career in finance in 1987 at DKL James Capel (now HSBC), where he held various positions focused on financial markets. In 1991 he joined Enskilda Securities as a market maker, first in Paris then in London. In 1998 he moved to Crédit Agricole Cheuvreux in Paris, taking over as head of Facilitation, before being appointed Group Trading Director in 2006, in Paris then London.

Throughout all these years, Mr. Guillot has played an active role in numerous working groups and market authorities dealing with MiFID issues. He was a member of the Securities Trading Committee of the AFME (Association for Financial Markets in Europe), and represented Cheuvreux with the Regulated Markets and MTF (Multilateral Trading Facilities). Mr. Guillot holds a degree in private law from Paris XI University.

The AMF was established by the Financial Security Act of August 1st 2003, and was formed from the merger of the Commission des Opérations de Bourse (COB), the Conseil des Marchés Financiers (CMF) and the Conseil de Discipline de la Gestion Financière (CDGF). The objective in amalgamating these bodies was to improve the efficiency of France’s financial regulatory system and to give it greater visibility. The AMF also lends its support to financial market regulation at the European and International levels.

Mr. Guillot, 50, began his career in finance in 1987, at DKL James Capel (now HSBC), where he held various positions working on the markets. In 1991 he joined Enskilda Securities as a market maker, first in Paris then in London. In 1998 he moved to Crédit Agricole Cheuvreux in Paris, taking over as head of Facilitation, before being made Group Trading Director in 2006, in Paris then London. Throughout all these years Philippe played an active role in numerous working groups and market authorities dealing with MiFID issues. He was a member of the Securities Trading Committee of the AFME (Association for Financial Markets in Europe), and represented Cheuvreux with the Regulated Markets and MTF (Multilateral Trading Facilities).

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business

Edgar Perez, High-Frequency Trading Leaders Forum 2013 London Debunks Yuri Milner’s Wishful Thinking

March 11, 2013 staronepr Leave a comment

New York City, NY, USA (March 9, 2013) — Mr. Edgar Perez, author of The Speed Traders and the forthcoming Knightmare on Wall Street and keynote speaker at Golden Networking’s High-Frequency Trading Leaders Forum 2013 London, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, March 21, gives Facebook, Wikipedia and Google’s dominant positions only ten years, before new entrants steal their crowns and establish new ways to do business.

In an interview at the South by Southwest Interactive conference in Austin, Texas, Yuri Milner, the Russian investor whose early bet on Mark Zuckerberg’s firm made him a billionaire, had said companies like Facebook, Google and Wikipedia would still exist a century from now because their services gain momentum the more people use them. “All three have amazing network effects,” said Milner, the co-founder and chief executive officer of DST. “Chances are that those are long survivors.”

Milner has long believed that the internet would develop into a “global brain”, which is often described as an intelligent network of individuals and machines, functioning as a nervous system for the planet Earth. He also has envisaged that the advent of the Internet of things and ever increasing use of social media and participatory systems such as Twitter, Facebook, and Wikipedia would increase our collective intelligence.

Richard Foster, the Creative Destruction author referred by Forbes as The Wizard of Innovation and speaker at China Leaders Forum, was in the 80s in a search for “the excellent company”, the all-seeing, all-knowing, all-wise company that made all the right moves in advance, and that made more money for its shareholders than any of its competitors. This was the permanent outperformer stock, the really good deal, he said. Foster looked at 4,000 companies over 40 years; he concluded there was no such company, and there never had been such a company! No company had been able to outperform the market for any substantial length of time. (GE once came as close as any, but didn’t do any better than the overall market index, Foster reflects). Somehow the market, managed by nobody in particular, was performing better than all the brains on the planet.

Why is it that no company can outperform the markets for a long time? Foster thinks there are several reasons, but the most important is something called legacy cost. All companies have legacy costs, which are created the moment a company makes a commitment of time or resources to a particular course of action. And when a company is challenged to do something new, to take a new course of action, it has a hard time abandoning its legacy costs. Companies argue that the incremental cost of making a slight improvement to an existing product or service is much better than the full cost of developing something new from scratch. In doing so, the company attempts to optimize between the old and the new. This takes the decision making power away from the customer, and it’s a bad direction to go in. Markets, however, just charge on ahead with the new, because new entrants don’t have any legacy costs to deal with, says Mr. Perez.

Just last week, Facebook’s new News Feed made some welcome cosmetic changes. But it didn’t go very far in addressing the social network’s deeper issues. Fortune’s Kevin Kelleher talks about the vulnerabilities Facebook is facing since it went public. Facebook is facing more powerful competitors and two important yet sometimes contradictory mandates, to create a service that will engage its users, and to make money that will satisfy investors; Facebook’s presentation played down those facts. How intrusive these ads strike users will depends on the algorithms Facebook designs to insert them in feeds.

So while Facebook’s new news feed makes some cosmetic fixes that users are likely to welcome in time, they don’t go very far in addressing rising competition from newer social networks and the uneasy balancing act between users and advertisers. Those are the legacy costs Foster refers too, which new entrants that will grow into becoming new leaders never face. Legacy costs never stopped Wikipedia and Google from dethroning leading institutions called Britannic Encyclopedia and Yahoo!

For Mr. Perez, to think that new companies will take a century to remove Facebook, Wikipedia or Google from their leadership positions is no more than wishful thinking; these firms have at most 10 years to milk their cows and make the big decision: change or die. While Milner appears not to have a vested interest in Wikipedia or Google, he might as well start cashing in on his already wildly profitable Facebook bet. Somebody in some garage is already building a better mousetrap, Mr. Perez concludes.

Mr. 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).

Mr. Perez is course director of The Speed Traders Workshop 2012, 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) and was Adjunct Professor at the Polytechnic Institute of New York University, where he taught Algorithmic Trading and High-Frequency Finance. He contributes to The New York Times and China’s International Finance News and Sina Finance.

Mr. Perez has been interviewed on CNBC Cash Flow, CNBC Squawk Box, BNN Business Day, CCTV China, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media, Channel NewsAsia Business Tonight and Cents & Sensibilities. In addition, Mr. Perez has been featured on Sohu, News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio, CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com, CBNweek.com, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, ifeng.com, International Finance News, hexun.com, Finance.QQ.com, Finance.Sina.com, The Korea Times, The Korea Herald, The Star, The Malaysian Insider, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and Business Times.

Mr. Perez has been engaged to present to the Quant Investment & HFT Summit APAC 2012 (Shanghai), U.S. Securities and Exchange Commission (Washington DC), CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University, University of International Business and Economics (Beijing), Hult International Business School (Shanghai) and Pace University (New York), among other public and private institutions. In addition, Mr. Perez has spoken at a number of global conferences, including CME Group’s Global Financial Leadership Conference 2012 (Naples Beach, FL), Harvard Business School’s Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago), MIT Sloan Investment Management Conference (Cambridge), Institutional Investor’s Global Growth Markets Forum (London), Technical Analysis Society (Singapore), TradeTech Asia (Singapore), FIXGlobal Face2Face (Seoul) and Private Equity Convention Russia, CIS & Eurasia (London).

Mr. Perez was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co. in New York City. Mr. Perez has an undergraduate degree from Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administration from Columbia Business School, New York, with a dual major in Finance and Management (2002). He belongs to the Beta Gamma Sigma honor society. Mr. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.

High-Frequency Trading Leaders Forum 2013 (http://www.high-frequency-trading-conference.com) is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business

Azul Systems to Sponsor HFT Leaders Forum 2013, Most Influential High-Frequency Trading Conference

March 9, 2013 staronepr Leave a comment

New York City, NY, USA (March 9, 2013) — Azul Systems, the award-winning leader in Java runtime scalability, announced its sponsorship of the most influential high-frequency trading conference in the world, Golden Networking’s High Frequency Trading Leaders Forum 2013 London, March 21. Anyone interested or involved in high-frequency trading will be able to gain inside knowledge at High Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading-Conference.com) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” which brings insightful keynote speeches and highly regarded panels.

As part of its support for the conference, Mr. David Mills, Director, EMEA, Azul Systems, will be joining the panel “Low Latency: How to achieve Ultra-Low Latency for High-Frequency Trading”. As high-frequency trading moves towards multi-asset classes running multi-legged strategies demanding even faster execution, the panel will look at ultra-low latency performance technologies. How will architectures evolve to meet the latency challenge? How will wireless, cloud and big data technologies play in the speed race? How technology can enable modern applications to minimize latency while managing high throughput?

Azul Systems (http://www.azulsystems.com) delivers standards-based, low latency performance solutions for applications written in Java. Ideal for financial trading, messaging and CEP, Big Data, gaming and eCommerce, Azul’s technology is proven to improve both average and worst case response times for even the most demanding applications. Azul’s Zing JVM is the only solution that makes very large in-memory datasets practical for Java and eliminates the need for JVM tuning.

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading.info) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” will bring insights for investors and speed traders, who need to protect and refine their competitive advantage in a world dominated by algorithmic and high-frequency trading. Recognized practitioners, regulators, experts, and strategists will return to High-Frequency Trading Leaders Forum 2013 to provide attendees with the information they are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net