All posts by staronepr

Business

Behind Goldman Sachs’ $100 Million Plus Trading Loss at Edgar Perez’s The Speed Traders Workshop DVD

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Edgar Perez, Former McKinsey & Co. Consultant, Author, The Speed Traders, Presenting The Speed Traders Workshop DVD Video Package, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX.

New York City, NY, USA (August 25, 2013) — Edgar Perez, former McKinsey and IBM consultant and author of The Speed Traders and Knightmare on Wall Street, goes behind the trading operations of firms such as Goldman Sachs in their relentless pursuit of high-frequency trading profits with The Speed Traders Workshop DVD Video Package: How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (http://TheSpeedTradersWorkshopDVD.eventbrite.com), the world’s most comprehensive review of high frequency trading now available for the very first time on DVD in an insightful 4-disc set.

On Tuesday August 20, 2013, Goldman Sachs engaged in unauthorized trades in the options market that could be as expensive as $100 million for their shareholders. While this loss is in no way material to the survival of the company, it represents the next instance of a sequence of trading errors that threaten to diminish investors’ confidence in the most sophisticated financial markets.

Perez is widely regarded as the preeminent global expert in the specialized area of high-frequency trading. Mr. Perez (http://www.mredgarperez.com), former McKinsey and IBM consultant, is Chairman of High-Frequency Trading Leaders Forum 2013, author of The Speed Traders (http://www.thespeedtraders.com), An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (McGraw-Hill Inc., 2011), (China Financial Publishing House, 2012), and Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets (http://www.knightmareonwallstreet.com).

Perez has been interviewed on FOX Business’s Countdown to the Closing Bell, Bloomberg TV’s Market Makers, 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, 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.

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, 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).

Perez was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co. in New York City. 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. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.

The Speed Traders Workshop DVD Video Package reveals how high-frequency trading players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds from the U.S. and Europe to India, Singapore and Brazil. The Speed Traders Workshop brings the most updated review of high frequency trading to the world’s most important financial centers.

Media Contact:
Julia Petrova
Media Relations Coordinator
The Speed Traders Workshop
+1-414-FORUMS0
jpetrova@thespeedtraders.com
http://www.thespeedtraders.com

Software, Technology

BatchOutput Server 4.9.1 for InDesign Improves XML Processing

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Zevrix Solutions announces BatchOutput Server 4.9.1, a maintenance update to its output workflow automation solution for Adobe InDesign. Awarded 4 out of 5 stars by Layers magazine, the software automates printing and exporting to PDF and PostScript by processing InDesign files from watched hot folders. The new version improves application’s XML processing engine which allows users to dynamically assign variable output file names based on InDesign document’s XMP metadata.

Toronto (ON), Canada (August 24, 2013) — Zevrix Solutions today released BatchOutput Server 4.9.1, a maintenance update to its powerful output workflow automation solution for Adobe InDesign. Developed originally for a major magazine publisher in the United States to free up their operator computers from outputting InDesign files, the software automates InDesign workflow by processing files from hot folders. The software offloads printing and exporting to PDF and PostScript to a central system leaving operator workstations free from the output process.

The new version improves application’s XML processing engine which allows users to dynamically assign variable output file names based on InDesign document’s XMP metadata. Adobe’s Extensible Metadata Platform (XMP) is an XML-based labeling technology that allows users to embed data about a file, known as metadata, into the file itself. By taking advantage of this technology, BatchOutput Server offers output operators an easy way to include the desired information about their projects directly in the final PDF and PostScript file names.

“BatchOutput Server is an extremely useful utility for a busy production facility or advertising agency”, writes David Creamer in Layers magazine, “It can save lots of time – which equates to money.”

BatchOutput Server offers the following key features and benefits:

–Process InDesign files automatically from watched hot folders
–Export as single pages
-Update modified links automatically
-Variable output file names
-Auto-activate document fonts
–Automatic e-mail notifications of process stages and errors
-Easy to install and set up

Pricing and Availability:
BatchOutput Server can be purchased from Zevrix web site for US$699.95, as well as from authorized resellers. Trial is also available for download. The update is free for licensed users. BatchOutput Server is a Universal Binary, runs on Mac OS X 10.5-10.8 and works with Adobe InDesign CS3-CC.

About Zevrix Solutions

Located in Toronto, Canada, Zevrix Solutions provides productivity solutions for Adobe Creative Suite software, PDF and graphic file diagnostics, file delivery and Microsoft Office on Mac OS. Zevrix Solutions is dedicated to helping professionals achieve more while doing less through automating their everyday tasks, producing error-free documents, saving disk space and cutting production costs. For more information, visit http://www.zevrix.com.

-Ends-

Contact:
Leo Revzin
Owner
Zevrix Solutions
105 McCAUL St, Suite 301
Toronto Ontario M5T 2X4 Canada
858-206-0607
media@zevrix.com

Solutions for Adobe InDesign & the Graphics Industry

Business

Immediate Shipping for Best Summer Reading at Knightmare on Wall Street 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 24, 2013) — Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, is the new book by Edgar Perez, the celebrated author of The Speed Traders. As executives and professionals in the finance world get ready for their Labor Day weekend vacation, immediate shipping is now available for Knightmare on Wall Street at http://www.KnightmareonWallStreet.com.

Readers will discover a thrilling minute-by-minute account of the terrifying hours following Knight Capital’s August 1, 2012 trading debacle, with news-breaking research regarding the firm’s 17 years of tumultuous existence as an independent company. 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.

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.

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

Edgar Perez to Squawk On The Street’s Kelly Evans, Carl Quintanilla: U.S. Financial Markets at Risk

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Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop, 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 24, 2013) — “The issues that happened yesterday are not about NYSE versus NASDAQ, KCG Holdings versus Citadel or Goldman Sachs versus Morgan Stanley. This is about the United States’ competitive standing as the world’s most sophisticated financial market, a position it has to keep at all costs,” said Edgar Perez, the celebrated author of The Speed Traders (http://www.TheSpeedTraders.com) and Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets (http://www.KnightmareonWallStreet.com), to CNBC’s Squawk On The Street’s anchors Kelly Evans and Carl Quintanilla today. The full interview can be accessed at http://video.cnbc.com/gallery/?play=1&video=3000193177.

As informed by NASDAQ yesterday, price quotes were not being disseminated by the Securities Information Processor (SIP) for three hours. There was a connectivity issue, which led to degradation in the ability of the SIP to disseminate consolidated quotes and trades. After the cause of the issue, The Flash Freeze, was identified and addressed, trading resumed at 3:25PM. While NASDAQ has promised to work with other exchanges that are members of the SIP to investigate the issues, their time to self-police has passed.

Perez (http://www.MrEdgarPerez.com) is widely regarded as the preeminent global expert in the specialized area of high-frequency trading. Perez has been interviewed on Bloomberg TV’s Market Makers, CNBC Worlwide Exchange, 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, Perez has been globally featured on FXFactor, Columbia Business, OpenMarkets, 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.

Perez has been engaged to present at the Council on Foreign Relations, Vadym Hetman Kyiv National Economic University (Kiev), 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 (London and Shanghai) and Pace University (New York), among other public and private institutions. In addition, Perez has spoken at a number of global conferences, including Emerging Markets Investments Summit 2013 (Warsaw), CME Group’s Global Financial Leadership Conference 2012 (Naples Beach), Harvard Business School’s Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago, London), 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).

Perez was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co. in New York City. 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. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.

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

Business

SEC’s Leadership Needed After Nasdaq’s Glitch, Edgar Perez to CNBCs Kelly Evans and Carl Quintanilla

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Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop, 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 24, 2013) — “Market participants appreciate visible leadership that goes beyond statements sent though by a press office. Both individual and institutional investors would have felt more comfortable yesterday if they had seen the SEC chairman, Mary Jo White, discussing the NASDAQ issue and the steps the SEC was taking to monitor their efforts to resume trading,” said Edgar Perez, author of The Speed Traders (http://www.TheSpeedTraders.com) and Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets (http://www.KnightmareonWallStreet.com), to CNBC’s Squawk On The Street’s anchors Kelly Evans and Carl Quintanilla today. The full interview can be accessed at http://video.cnbc.com/gallery/?play=1&video=3000193177.

As informed by NASDAQ yesterday, price quotes were not being disseminated by the Securities Information Processor (SIP) for three hours. There was a connectivity issue, which led to degradation in the ability of the SIP to disseminate consolidated quotes and trades. After the cause of the issue, The Flash Freeze, was identified and addressed, trading resumed at 3:25PM. While NASDAQ has promised to work with other exchanges that are members of the SIP to investigate the issues, their time to self-police has passed.

Readers will discover in Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, a thrilling minute-by-minute account of the terrifying hours following Knight Capital’s August 1, 2012 trading debacle, with news-breaking research regarding the firm’s 17 years of tumultuous existence as an independent company. 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.

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.

Perez was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co. in New York City. 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. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.

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

Law

ALIPAC Endorses Scott DesJarlais for Supporting Current Immigration Laws Instead of Amnesty

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ALIPAC is pleased to announce the endorsement of Congressman Scott Desjarlais (R-TN-4) because of his courageous comments to illegal alien supporters, which was caught on video at a town hall style meeting last week.

Raleigh, NC, USA (August 23, 2013) — Contact: ALIPAC (866) 703-0864 / Press@alipac.us

America’s largest political action committee seeks to endorse candidates who support our nation’s existing border and immigration laws instead of any form of Amnesty for illegal aliens. ALIPAC is pleased to announce the endorsement of Congressman Scott Desjarlais (R-TN-4) because of his courageous comments to illegal alien supporters, which was caught on video at a town hall style meeting last week.

In the video that has gone viral on the web (view here), Scott DesJarlais explains to an 11 year old girl who asks what she can do to keep her illegal alien father in the United States. “This is a big intimidating crowd and I appreciate you coming forward and asking your question, but the answer still kind of remains the same, that we have laws, and we need to follow these laws and you know, that’s where we’re at.”

Illegal alien supporters moved quickly to criticize Scott DesJarlais for supporting America’s current laws and upholding penalties of deportation for illegal immigrants.

ALIPAC moved quickly to defend Scott Desjarlais and to criticize the contrived actions of illegal immigration & Amnesty supporters taking place at town hall meetings across America.

“First and foremost it is inappropriate for foreign nationals to become illegal aliens in America and then in turn try to influence our elected officials to accommodate them with Amnesty legislation and benefits,” said William Gheen, President of ALIPAC. “Second, it is despicable that the Amnesty supporters are using children as political pawns to push their unpopular agenda. In America, we don’t use and abuse children like this to try to mislead Americans into allowing an Amnesty to pass.”

ALIPAC opposes any form of Amnesty or path to citizenship for illegal aliens because such a law would devastate any hopes for future border and immigration law enforcement in American, thus leaving the United States without borders and with none of the enforcement credibility needed to deter or thwart future waves of tens of millions of additional illegal aliens from third world areas.

ALIPAC was founded on 9/11 of 2004 in honor of the victims of 9-11 who were killed because of inadequate immigration security measures and enforcement of existing immigration laws. ALIPAC’s goal has always been to unite Americans of all races, parties, and walks of life behind candidates who support America’s current borders, immigration laws, and the US Constitution instead of any nation destroying form of Amnesty for illegal immigrants.

ALIPAC is known nationwide because of its regular appearances in the national media, and currently endorses 151 federal candidates with the addition of Scott Desjarlais at http://www.alipac.us/campaign/.

ALIPAC’s more than 40,000 national supporters and more than 130,000 social media supporters are encouraged to vote, donate, and volunteer for the endorsed candidates. For more information or to schedule interviews with William Gheen, please visit http://www.alipac.us.

Business

Bloomberg TV’s Stephanie Ruhle and Erik Shatzker with Knightmare on Wall Street’s Edgar Perez on HFT

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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 23, 2013) — Bloomberg TV’s anchors of its flagship show Market Makers, Stephanie Ruhle and Erik Shatzker, talked to Edgar Perez, the celebrated author of The Speed Traders (http://www.TheSpeedTraders.com) and Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets (http://www.KnightmareonWallStreet.com), on the perceived dangers of high-frequency trading. The full interview can be accessed at http://www.bloomberg.com/video/searching-for-a-high-frequency-speed-limit-Y_P3wbjSSvyly15~So02yw.html.

The interview with Perez touched upon Knight Capital’s unprecedented number of erroneous orders into the market sent on August 1, 2012, due to an error in installing new software. 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. Perez has been interviewed on FOX Business’s Countdown to the Closing Bell, CNBC Worlwide Exchange, 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, Perez has been globally featured on FXFactor, Columbia Business, OpenMarkets, 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.

Perez has been engaged to present at the Council on Foreign Relations, Vadym Hetman Kyiv National Economic University (Kiev), 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 (London and Shanghai) and Pace University (New York), among other public and private institutions. In addition, Perez has spoken at a number of global conferences, including Emerging Markets Investments Summit 2013 (Warsaw), CME Group’s Global Financial Leadership Conference 2012 (Naples Beach), Harvard Business School’s Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago, London), 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).

Perez was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co. in New York City. 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. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.

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

Business

Behind Trading Errors at Knight, Everbright and Goldman Sachs with Perez’s 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 23, 2013) — A trading error originated on Tuesday 20 at Goldman Sachs has once again shaken investors’ confidence in the markets. What is behind these trading errors is explored in amazing detail by Mr. Edgar Perez in his latest book 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.

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

Knightmare on Wall Street’s Perez with Fox Business’ Liz Claman on Goldman Sachs’ Trading Mishap

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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 23, 2013) — Edgar Perez, the celebrated author of The Speed Traders (http://www.TheSpeedTraders.com) and Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets (http://www.KnightmareonWallStreet.com) spoke with Fox Business’ anchor Liz Claman, Countdown to the Closing Bell, on the similarities between the trading errors at Goldman Sachs last Tuesday August 20 and those at Knight Capital last year on August 1, 2012. The full interview can be accessed at http://video.foxbusiness.com/v/2621122369001/did-goldman-sachs-trading-mishap-resemble-knight-capital.

Perez (http://www.MrEdgarPerez.com) is widely regarded as the preeminent global expert in the specialized area of high-frequency trading. Perez has been interviewed on Bloomberg TV’s Market Makers, CNBC Worlwide Exchange, 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, Perez has been globally featured on FXFactor, Columbia Business, OpenMarkets, 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.

Perez has been engaged to present at the Council on Foreign Relations, Vadym Hetman Kyiv National Economic University (Kiev), 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 (London and Shanghai) and Pace University (New York), among other public and private institutions. In addition, Perez has spoken at a number of global conferences, including Emerging Markets Investments Summit 2013 (Warsaw), CME Group’s Global Financial Leadership Conference 2012 (Naples Beach), Harvard Business School’s Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago, London), 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).

Perez was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co. in New York City. 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. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.

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

Art

Call for Entries – 3rd Annual Animals Online Art Competition

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Light Space & Time Online Art Gallery announces their 3rd Annual “Animals” Online Art Competition for the month of September 2013.

Jupiter, FL, USA (August 21, 2013) — Light Space & Time Online Art Gallery announces their 3rd Annual “Animals” Online Art Competition for the month of September 2013. 2D artists from around the world are called upon to make online submissions for inclusion into the Gallery’s October 2013 online group exhibition. The art gallery encourages entries from artists, regardless of where they reside to apply to this competition by submitting their best animal art. Animal art may include any mammals, birds and animals that live in the water.

Light Space & Time encourages entries from all 2D artists regardless of their experience or education in the art field. A group exhibition of the top ten finalists will be held online at the Light Space & Time Online Art Gallery during the month of October 2013. Awards will be for top ten finalists. In addition, depending on the amount and the quality of the entries received, Special Merit and Special Recognition awards will also be presented as well. The submission deadline will be midnight on September 26, 2013.

Winners of the “Animals” Art Exhibition will receive extensive worldwide publicity in the form of email marketing, 70+ press release announcements, 75+ event announcements, and wide-spread social media marketing and promotion in order to make the art world aware of the artist’s accomplishments. There will also be links back to the artist’s website as part of this achievement.

Interested artists should provide the gallery with your best animal art now or before the September 26th deadline. For more information and to apply online here http://www.lightspacetime.com.

About Light Space & Time Online Art Gallery

Light Space & Time Online Art Gallery offers monthly art competitions and monthly art exhibitions for new and emerging artists. Light Space & Time’s intention is to showcase this incredible talent in a series of monthly themed art competitions and art exhibitions by marketing and displaying the exceptional abilities of these artists. Their online gallery website can be viewed here: http://www.lightspacetime.com.

Media Contact:
John R. Math
Light Space & Time Online Gallery
118 Poinciana Drive
Jupiter, FL 33458
888-490-3530
info@lightspacetime.com
http://www.lightspacetime.com