All posts by staronepr

World’s First Sugar Daddy Cruise – News Cameras Welcome

July 23, 2013 staronepr Leave a comment

Sugar Babies and their wealthy mentors are invited to socialize as they sail around the New York Harbor, August 14, 2013.

SAN RAFAEL, CA, USA (July 23, 2013) — Contact: Tom Andrews, 415-507-9962

Beautiful Women, 21-39, are invited to meet Wealthy Men, 30+, on the World’s First Sugar Daddy Cruise, Wednesday, August 14, 2013, 6:30pm-12:30am. The Cabana Boat will depart from New York Skyports, E 23rd St & FDR Dr, New York NY. TV camera crews and print media photographers are welcome to memorialize the cruise.

The cost is $80/door for gentlemen and $40/door for ladies, which includes:

– Gourmet food, including hot and cold food stations
– Live DJ
– Outstanding views of Manhattan
– Cigar Lounge
– Complimentary after party for men at Sapphire
– Models displaying make up, body painting, and latest fashions
– Invited casts of Jerseylicious, Sopranos, Car Fellas, Real Housewives of NY, Mob Wives
– Entertainment lawyer Stephanie Ovadia and her guests
– Free Matchmaking services by Alan Action & Associates
– Official launch of the new Playboy Energy Drink, with business opportunities for attendees
– Raffles and giveaways from all vendors to benefit the Alan Action Network of Charities

The Cruise is sponsored by SugarDaddyforMe.com and AlanAction.com. Alan Action, Host of the Cruise, is available to the news media for interviews by calling 415-507-9962.

Anyone wishing more information may visit http://www.sugardaddyforme.com.

Contact:
Rich Gosse
Society of Single Professionals
205 Mark Twain Avenue, San Rafael CA 94903
415-507-9962
richgosse@richgosse.com
http://www.thepartyhotline.com

Business

Rosendin Electric Receives Top 2013 National and Regional Safety Honors from The Associated General Contractors of America

July 22, 2013 staronepr Leave a comment

Outstanding Safety Practices Garners Rosendin Electric National AGC/Willis Construction Safety Excellence Award and Regional Safety Awards in Oregon and California.

SAN JOSE, Calif. (July 22, 2013) — Rosendin Electric, the nation’s largest private electrical contractor and an employee-owned company, has received top honors in safety from the Associated General Contractors (AGC) of America, including the National 2013 AGC/Willis Construction Safety Excellence Award and regional safety awards for the Oregon and California offices.

Rosendin Electric was awarded the First Place National 2013 AGC/Willis Construction Safety Excellence Award, Specialty Division, for contractors with more than one million hours worked. The Award was created to recognize companies that have developed outstanding safety and loss prevention programs through a combination of management commitment, employee involvement, and program innovation.

Rosendin Electric received this award for its safety record and company-wide safety culture that empowers every employee to promote on-the-job safety. For example, the company issues “Stop Work” cards that can be used by any employee to promote safety on the job site. A “no-knife” policy has also been established, requiring all employees, office and field, to use only safe tools to minimize accidents. Furthermore, Rosendin Electric requires every Apprentice to maintain a safety portfolio, so Journeymen can track their equipment and procedures training. Safety is also a key part of Rosendin Electric project planning, and all field safety personnel are equipped with tablet computers so they have access to safety performance data and can identify potentially high-risk procedures.

In addition to the National Award, the AGC Oregon-Columbia Chapter has recognized Rosendin Electric’s Hillsboro, Oregon, office with a Recognition of Safety Excellence (ROSE) Award in the Specialty Division, more than one million man hours worked. The ROSE Award is presented by AGC area contractors to recognize their peers for best safety practices. Rosendin Electric was singled out for its passion and commitment to safety, and the empowerment given to employees when it comes to addressing safety issues.

Rosendin Electric also received a 2012 Safety Award of Excellence in the Specialty Division category for contractors with more than one million worker hours from the California AGC Chapter. This marks the seventh year in a row that Rosendin Electric has received recognition from the AGC California Chapter for its safety record.

“Every Rosendin Electric employee understands that safety is part of their job responsibility,” said Marty Rouse, Vice President of Safety for Rosendin Electric. “We have always prided ourselves on maintaining a corporate culture centered on safety. The fact that we have garnered three AGC awards in a single year, including the top award for safety in the Specialty Division, is a welcome acknowledgement of our ongoing commitment to maintaining a safe workplace.”

About Rosendin Electric
Rosendin Electric, Inc., headquartered in San Jose, California, is an employee-owned electrical engineering, power and communications provider and is the largest privately held electrical contractor in the United States. With over 3,000 employees and experience worldwide, Rosendin Electric has built upon a 90-year reputation for quality design and installations. For additional information, visit http://www.rosendin.com.

Contact:
Shelly Goulart
Marketing Manager
Rosendin Electric
880 Mabury Road
San Jose, CA 95133
(408) 534-2819
sgoulart@rosendin.com
http://www.rosendin.com

Art

California Artist Mary Karlton Debuts Two New Collections at Santa Cruz Museum of Art and History

July 22, 2013 staronepr Leave a comment

The Santa Cruz Museum of Art and History (MAH) is exhibiting the work of fine artist and Santa Cruz resident Mary Karlton at the Octagon Café.

SANTA CRUZ, Calif. (July 22, 2013) — The Santa Cruz Museum of Art and History (MAH) is exhibiting the work of fine artist and Santa Cruz resident Mary Karlton at the Octagon Café. Opening on July 23 and running through September 22, the show will feature two series from Ms. Karlton’s extensive body of work: the “Pomegranate Series” and the “Anduze Series,” which celebrate human diversity and individuality. The public is invited to meet the artist at the opening night event on Friday, August 2, from 5 pm to 8 pm at the Octagon Café at the MAH. This coincides with the Santa Cruz First Friday Art Walk.

The bright and vibrant Pomegranate Series portraits depict individuals from all walks of life and diverse ethnic backgrounds. The first painting in the Pomegranate Series, “How Are You, M’ Lord?” received first prize in the Madera County Arts Pomegranate Festival in 2012. This painting is an homage to the late Frank Snell of Santa Cruz, medical professional in the US Army who served in Vietnam, professor at Cabrillo College and Hartnell College, world traveler, and benefactor. The pomegranate held special significance to Mr. Snell, as he had hoped to publish a book about his life experiences which he planned to call “The Pomegranate.” The project was cut short by his untimely death.

In the Anduze Series, Ms. Karlton explores the lively and fascinating characters encountered during a recent trip to the South of France and Paris. In this collection, Ms. Karlton brings together mixed media and bold contemporary design inspired by street art and the Cubist style of Picasso to capture the rich personality of each figure.

Fine art giclée prints on canvas of all works from the two collections will be available for purchase.

About Mary Karlton
Mary Karlton studied painting and printmaking in Chicago, San Francisco, and Santa Fe. Her style is eclectic with highly textured works that combine elements of collage, photography, and abstraction. She is captivated by the versatility and expressive potential of acrylic media. Her heroes in the art world are multifaceted and innovative – DaVinci, Lautrec, Van Gogh, Picasso, Dali, Magritte, Klimt, Kandinsky, Schiele, DeKoonig, and Richter. Her award-winning work has been included in a wide array of exhibitions in Northern and Southern California, including various books, galleries, and wine labels.

Ms. Karlton lives in the scenic coastal town of Santa Cruz, CA with her husband, musician and photographer Peter Sterbach. To learn more about Mary Karlton or to view her online gallery, please visit http://www.marykarlton.com.

Contact:
Mary Karlton
Mary Karlton Fine Art
303 Potrero St., Suite 12B
Santa Cruz, CA 95060
(831) 466-9660
mkarlton@earthlink.net
http://www.marykarlton.com

Business

The Sins of SAC Capital’s Steven Cohen at Tech2Trade Expo 2013’s HFT Conference in New York City

July 22, 2013 staronepr Leave a comment

Golden Networking brings Tech2Trade Expo 2013 (www.Tech2TradeExpo.com), World’s Most Influential Alternative Investments Conference Series, including High Frequency Trading Leaders Forum 2013, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” New York City, London, Chicago, Singapore and Frankfurt (www.High-Frequency-Trading-Conference.com).

New York City, NY, USA (July 22, 2013) — According to The Wall Street Journal, the Securities and Exchange Commission (SEC) recently filed a civil-enforcement action against SAC Capital Advisors LP chief Steven A. Cohen, alleging he ignored “red flags” that should have alerted him to insider trading “under his watch.” The SEC said Mr. Cohen “failed to take reasonable steps to investigate and prevent” insider trading at the Stamford, Conn., hedge-fund firm.

The move is the first time regulators in the investigation have brought an action against Mr. Cohen personally. His firm, one of the most successful on Wall Street over the past two decades, has in recent years been the subject of a long-running investigation into insider-trading that has resulted in criminal charges against a number of traders and others with ties to SAC. But, while trading involving Mr. Cohen has been cited in government documents related to those cases, he hasn’t been criminally charged in those matters or any other.

According to the SEC’s order, Mr. Martoma and Mr. Steinberg obtained material nonpublic information about publicly traded companies in 2008, and they traded on that information. The government charged Mr. Martoma with insider trading last year and charged Mr. Steinberg earlier this year. Messrs. Martoma and Steinberg have pleaded not guilty. Mr. Steinberg’s lawyer has said he did nothing wrong. Mr. Martoma’s lawyer has said the case against him is based on innuendo. The SEC alleges Mr. Cohen ignored “highly suspicious information” that should have prompted “any reasonable hedge fund manager” to investigate.

To further elaborate on SEC enforcement issues in the world’s most highly sophisticated market structure, Robert Cohen, Assistant Director of Market Abuse Unit, Division of Enforcement, U.S. Securities and Exchange Commission, will keynote High Frequency Trading Leaders Forum 2013 New York City (http://www.HFTLeadersForum.com), July 30th, as part of Tech2Trade Expo 2013 New York City (http://www.Tech2TradeExpo.com).

Cohen joined the Securities and Exchange Commission in 2004. He has been involved in significant enforcement actions involving investment advisers and companies, insider trading, market manipulation, public company accounting and financial disclosure violations. Currently, he is responsible for supervising investigations of large-scale market conduct. Prior to joining the SEC, Cohen was in private practice and served as a law clerk to the Honorable Alexander Williams, Jr., United States District Court for the District of Maryland. He received his J.D. from New York University School of Law, where he served on the Law Review, and received a B.S. from Cornell University.

Golden Networking’s High Frequency Trading Leaders Forum 2013 will examine the speed trading industry from various angles, in an opened and unbiased environment highly conducive to networking. Topics to be discussed at High Frequency Trading Leaders Forum 2013 will include:

– Low Latency: How can Ultra-Low Latency be Achieved for High-Frequency Trading?
– Emerging Markets: How will Emerging Markets from Brazil to China Affect the Scope of High-frequency Trading?
– Robotic Markets: As High-frequency Trading Embraces Robotic Markets Worldwide, How Will Participants be Able to Find new Opportunities to Sustain Alpha Creation?
– Regulatory Impact: With High-frequency Trading in the Spotlight, how will New Regulations Change the Industry?
– The Future of HFT: How will High-frequency Trading Evolve in Ever-changing Technology and Regulatory Environments?

Tech2Trade Expo 2013, to be held in New York City, London, Chicago, Singapore and Frankfurt, is the world’s most influential alternative investments forum for the hedge fund, high-frequency trading and derivatives communities. With dozens of practitioners, experts and regulators speaking in our programs, Tech2Trade Expo 2013 provides hundreds of investors, traders and portfolio managers with the key lessons, proven recipes and penetrating insights they are looking for to capture alpha in up and down markets.

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 download our Information Package or contact Golden Networking directly by calling +1-414-FORUMS0 or sending an email to information@goldennetworking.net.

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

Business

How the SEC and CFTC can Work Together at Golden Networking’s HFT Conference in New York City

July 22, 2013 staronepr Leave a comment

New York City, NY, USA (July 22, 2013) — As reported by Law360, Senate Democrats told Secretary of the Treasury Jacob Lew that the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should streamline their cross-border swaps rules, saying “conflicting approaches” may create new risk in global financial markets.

“Creating an overly complicated compliance system for market participants will result in conflicting, duplicative or inconsistent rules that could foster new and unforeseen risks and lead to international regulatory arbitrage.”

The SEC has proposed its own international derivatives trading rules allowing for so-called substituted compliance in which European regulators can substitute their own rules if the SEC deems them comparable to the Dodd-Frank Act.

But the CFTC and its Chairman Gary Gensler have taken a tougher stance than the SEC in seeking to impose capital, reporting, margin and other rules on foreign firms with at least $8 billion in annual swaps trading volume. That effort has drawn the ire of European regulators and House Republicans, who say it could lead to regulatory confusion and fragmented markets.

“Unfortunately, to avoid uncertainty, the CFTC, SEC and international regulators need additional time to get on the same page and resolve their differences, and ensure that the world’s financial regulations are robust enough to stymie future risks posed to our economy.”

Senate Democrats have applauded the CFTC’s approach to extending oversight of the $700 trillion swaps market under Dodd-Frank to foreign subsidiaries of U.S. financial institutions. What the impact will be on HFT will be discussed at High Frequency Trading Leaders Forum 2013 New York City (http://www.HFTLeadersForum.com), July 30th, part of Tech2Trade Expo 2013 New York City (http://www.Tech2TradeExpo.com).

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

Business

‘Is HFT Dead’ Industry Leaders to Discuss at High-frequency Trading Leaders Forum 2013 New York City

July 22, 2013 staronepr Leave a comment

New York City, NY, USA (July 22, 2013) — According to Robert Anglos, HFT is still around, but is being done by fewer people. “There is, no doubt, numerous reasons but my take, as a HF trader, is that a lot of people that got in was when the markets were tanking and it was being touted as a ‘get rich quick’ approach to making money. When the reality set in most went away, just like small investors that lost a lot of money either did not come back or not as strong.”

Anglos is an HFT and admits there is some misconception of what most HFT do and where. “Generally we, and almost never for me, are we trading stock. We do not, and are not capable of moving the markets. We do have the ability to exploit and perhaps extend a movement when the markets are highly sensitive (probably the basis for the argument that HF traders help them get where they are going quicker).”

Trading is not investing, he said. “In many respects investing, in my view, is the equivalent of hope or taking advantage of a situation. In the old days you could buy AT&T, or its equivalent, and believe that it was going to appreciate until the end of time (and pay dividends). Keep this in mind only 1 in 100 people that try day trading make a living at it. Some make excellent money, but I wonder how many investment professionals that are at the same in their profession make at least as much. I have no statistics but I believe any of the senior execs at Goldman Sachs, J.P. Morgan are making far more.”

So apparently, HFT is still alive; perhaps the reports of its death are a bit premature. Perhaps not? Leaders will be discussing these issues at High Frequency Trading Leaders Forum 2013 New York City, July 30th, as part of Tech2Trade Expo 2013 New York City (http://www.Tech2TradeExpo.com).

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

Entertainment

Stacy Smith is Crowned Ms. International™ 2013

July 19, 2013 staronepr Leave a comment

Using her crown for a purpose to make a difference in her community and across America.

Costa Mesa, CA, USA (July 19, 2013) — Stacy Smith representing Colorado was crowned Ms. International™ 2013 on June 23 in Southern California in a contest hosted by the Ms. America® Pageant. She also received the “Woman of Distinction” award at the pageant during the Special Awards ceremony.

Smith overcame dozens of contestants vying for the coveted title of Ms. International™ 2013 – a demonstration of her experience, grace and allure. The Ms. International™ 2013 title is part of the special awards of the Ms. America® Pageant system. This prestigious title must not only represent the pageant but also the Ms. America® fans as well. National and international internet users voted her in as the “Judges and People’s Choice” award on the Ms. America® Pageant website. The contestant with the most Internet votes and Good Luck Wishes ads, combined with scores from the Judges receives the prestigious title of Ms. International ™ 2013! “I am truly grateful and humbled to have received the honor of Ms. International™ 2013, this is an exciting opportunity!”

Ms. International™ 2013, Stacy Smith was born in San Luis Obispo on February 14th, 1983 to parents Janet Trimmer and Patrick Smith. Since Stacy could walk she has always enjoyed performing in front of an audience, beginning at home with her parents and two brothers, Ryan and Jason. Developing from this, she soon discovered her passions in life to be beauty, dance, and charity work through volunteering.

Stacy has a background of more than 20 years in performing in dance recitals throughout the world. From these experiences, she gained the confidence and maturity to progress into modeling and acting. After attending the University of Idaho and graduating with a major in Journalism Mass Media and a minor in Dance Choreography, she decided to enroll in cosmetology school. Immediately finding this the perfect fit for her, upon graduation she began to professionally apply these skills and founded in 2011 her own company, OC Hair and Makeup where she manages a team of stylists working with brides and undertaking numerous formal events. It is through this high level of artistic ability and dedication that OC Hair and Makeup http://www.OCHairandMakeup.com has been voted the #1 Beauty Service of Orange County of 2013 by theknot.com.

Throughout her community, Stacy is known as a strong leader who enjoys giving back to those around her. She has dedicated herself to her charity of choice, Parent Project Muscular Dystrophy. This lifelong commitment began at an early age as her older brother Ryan was unfortunately born with the disease, and Stacy works hard to get the community involved to raise awareness and to find a cure.

Not only does Stacy lead by example, but she is also a working mom with a four-year-old son named James, and even though she has an abundance of responsibility, she always makes time for her son to give him the love and care that he needs to grow up to be a healthy, educated individual and the best reflection of all that is good in her.

Ms. International 2013 first runner-up was Robin Griffin, Ms. California Coast; second runner-up was Stephanie Mills, Ms. New England; third runner-up was Tes Scanlon, Ms. Maryland and fourth runner-up was Malinda Koncar, Ms. Pennsylvania.

Video of crowning can be found at: http://www.youtube.com/watch?v=-BEp7UkxgoE&feature=player_embedded

To schedule an appearance for 2013 Ms. America®, please contact the pageant at: MsAmericaPageant@aol.com or call 949.679.8888.

About the Ms. America® and Ms. International™ Pageant
Richard Simon from Houston, Texas founded The Ms. America® Pageant in 1997. The first pageant was held on December 4, 1997 at the Luxor Hotel in Las Vegas. Contestants competed representing their state in the pageant. Susan Jeske from Colorado was crowned the first Ms. America® – http://www.SusanJeske.com. Ms. Jeske became the owner of the pageant in 1999. The pageant is for women 26 years of age and up who are single, divorced or married and is a registered federal trademark with the USPTO in Washington DC since February 2000. The pageant was created to empower women across the nation, celebrate their accomplishments, encourage involvement in community service, honor and advance the status of women and to use the “crown for a purpose” to make a difference across the nation and around the world. For more information visit: http://www.MsAmericaPageant.com.

The first Ms. International™ 2010-11 is Amanda Delgado; Deana Molle’ was crowned Ms. International™ 2011-12 and Ms. International™ 2013 is Stacy Smith.

Follow Ms. America®:
Facebook: http://www.Facebook.com/MsInternationalPageant
Facebook: http://www.Facebook.com/MsAmericaPageant
Twitter: http://www.Twitter.com/MsAmerica

Pageant Contact:
Ms. America® Pageant
Susan Jeske – CEO
Phone: 949.679.8888
E-Mail: MsAmericaPageant@aol.com
Websites: http://www.MsAmericaPageant.com / http://www.SusanJeske.com

Business

URALCHEM has registered its calcium nitrate in accordance with REACH requirements

July 18, 2013 staronepr Leave a comment

URALCHEM has registered its anhydrous calcium nitrate with the European Chemicals Agency in accordance with the European Community Regulation on chemicals and their safe use (EC 1907/2006), which deals with the Registration, Evaluation, Authorisation and Restriction of Chemical substances (REACH).

Moscow, Russia (July 18, 2013) — URALCHEM has registered its anhydrous calcium nitrate with the European Chemicals Agency in accordance with the European Community Regulation on chemicals and their safe use (EC 1907/2006), which deals with the Registration, Evaluation, Authorisation and Restriction of Chemical substances (REACH). This registration allows the company to seamlessly deliver the product onto the EU market.

Anhydrous calcium nitrate Ca(NO3)2 is a new product for the company and was launched at the company’s plant in Kirovo-Chepetsk. Currently, calcium nitrate is widely used as an additive in concrete and construction mixes, as a constituent of process fluids in the petroleum industry and as raw material for the chemical industry.

The product can also be used as fertilizer. It contains nitrate nitrogen and calcium in the best form for absorption by plants. Among the useful properties of calcium is its ability to increase the strength of cell walls. Use of calcium nitrate increases the yield by 10-15% and significantly improves consumer quality of vegetables and fruit. It also stimulates root development, especially the development of root hairs. Calcium nitrate aids the formation of membranes and strengthens cell walls of plants; it stimulates enzyme activity and metabolism; it also promotes photosynthesis and speeds up the transportation of hydrocarbons and nitrogen assimilation in plants. Usage of the product increases plants’ resistance to environmental stress factors as well as fungal and bacterial diseases.

“Compliance with the requirements of the REACH regulation is a necessary condition for the supply and turn over of chemical substances on the EU market. URALCHEM is closely following developments in this area, and strictly complies with all requirements concerning circulation of chemicals in the EU”, commented Tatiana Rozarenova, Head of Customers and Regulators Department at URALCHEM.

Today, the REACH regulation is one of the most complex technical regulations in the European Union. In 2010, URALCHEM registered 27 substances according to the requirements of the regulation and became one of the first Russian manufacturers in the chemical industry to submit data on its products to the European Chemicals Agency.

-Ends-

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

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilisers in Russia and the CIS with production capacities of over 2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of complex fertilisers and 1.2 million tonnes of urea. URALCHEM, OJSC is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilisers in Russia. Key production assets of URALCHEM, OJSC 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 Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

Business

SEC Enforcement Issues in the World’s Most Highly Sophisticated Market Structure at HFT Conference

July 18, 2013 staronepr Leave a comment

New York City, NY, USA (July 18, 2013) — Mary Jo White, the recently named chairman of the Securities and Exchanges Commission, had the opportunity to highlight the new priorities for the agency. Enforcement and high-frequency trading figured prominently in the brief to-do-list she presented to members of the Senate Banking Committee.

Further strengthening the enforcement function of the SEC, fair but also bold and unrelenting, was top of mind in her presentation. Investors and all market participants, she said, needed to know that the playing field of the markets was level and that all wrongdoers, individual and institutional, of whatever position or size, would be aggressively and successfully pursued by the SEC. Strong enforcement, she noted, was necessary for investor confidence and was essential to the integrity of financial markets. Proceeding aggressively against wrongdoers was not only the right thing to do, but it also would serve to deter the sharp and unlawful practices of others who must be made to think twice, and stop in their tracks, rather than risk discovery, pursuit, and punishment by the SEC.

The SEC needed, she added, to be in a position to fully understand all aspects of today’s high-speed, high-tech, and dispersed marketplace so that it could be wisely and optimally regulated, which meant without undue cost and without undermining its vitality. High frequency trading, complex trading algorithms, dark pools, and intricate new order types raised for her many questions and concerns. Were they problematic for retail and non-institutional investors? Did they result in unnecessary volatility, or create an uneven playing field? Or did these modern-day features bring benefits such as efficiency, price reduction, and healthy competition to our markets? Did they do all of these things? The experts and studies to date, she claimed, had not been consistent or definitive in their observations and findings about whether and to what extent harm was caused by the current market structure and practices. There must be a sense of urgency brought to addressing these issues to understand their impact on investors and the quality of the markets so that the appropriate regulatory responses could be made. Finally, chairman White committed herself to work not only to ensure that the SEC had the cutting-edge technology and expertise necessary to enable it to keep pace with the markets and its responsibilities to monitor, regulate, and enforce the securities laws, but also to see around the corner and anticipate issues.

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

Business

Lessons to be Learned from Flash Crash, BATS, NASDAQ & Knight Capital at HFT Conference in New York

July 18, 2013 staronepr Leave a comment

New York City, NY, USA (July 18, 2013) — Shell-shocked from the worst financial crisis since the Great Depression, retail investors have been welcomed to the post-2008 world by a string of structural hiccups that has further eroded confidence in the safety and soundness of the increasingly-complex capital markets. According to FOX Business, with the Flash Crash and the Facebook fiasco still within view, the latest challenge to investor confidence came last August in the form of a software glitch at Knight Capital Group that caused the market maker to take a stunning pretax loss of $461 million and launch a frantic search for a lifeline. The aftermath has investing professionals concerned about the ongoing retreat of retail investors and grasping for potential solutions to restore confidence in the system.

“We’ve seen enough of these computer mistakes since the Flash Crash that it makes you wonder the impact of computer trading on the market,” Robert Steven Kaplan, a professor at Harvard and former vice chairman at Goldman Sachs (GS), said. Darrell Duffie, a finance professor at Stanford, also said the Knight Capital incident could “raise concerns that the May 6 Flash Crash risks still exist.”

If nothing else, the Knight Capital trading glitch underscores the complexity of today’s capital markets, which have become increasingly dominated by complicated trading algorithms. “Consumers don’t understand markets any longer so they increasingly distrust our stock markets and are withdrawing,” David Weild, a senior advisor at Grant Thornton and former vice chairman at the Nasdaq Stock Market, wrote. “Deregulation stimulated competition but in extremis: The computer arms race that ensued, enabled by the SEC, has introduced a level of complexity and behaviors that is undermining investor confidence.”

Lessons to be learned from Flash Crash, BATS, NASDAQ and Knight Capital incidents are at the heart of the keynote speech Edgar Perez, author of The Speed Traders and the forthcoming Knightmare on Wall Street, will give to attendees at High Frequency Trading Leaders Forum 2013 New York City (http://www.HFTLeadersForum.com), July 30th, part of Tech2Trade Expo 2013 New York City (http://www.Tech2TradeExpo.com).

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 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.

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, 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.

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