All posts by staronepr

LSE, UCL, Imperial and Bristol Top Researchers at High-Frequency Trading Leaders Forum 2013 London

March 14, 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.High-Frequency-Trading-Conference.com).

New York City, NY, USA (March 14, 2013) — High-Frequency Trading Leaders Forum 2013, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” (http://www.High-Frequency-Trading-Conference.com), is the unique forum that will provide attendees in London (March 21) with the most up-to-date review of the present and future of the industry coming directly from leading academics:

– Professor Alex Preda, Professor of Accounting, Accountability and Financial Management, King’s College
– Professor Daniel Beunza, Lecturer, London School of Economics
– Professor Dave Cliff, Department of Computer Science, University of Bristol
– Professor Juan Pablo Pardo-Guerra, Lecturer, London School of Economics
– Professor Philip Treleaven, Director, PhD, Centre in Financial Computing, UCL
– Professor Walter Distaso, Professor of Financial Econometrics, Imperial College London

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading.info) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” is bringing the 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. Who better than Professors Preda, Beunza, Cliff, Treleaven and Distaso to provide their insights to the hundreds of attendees to High-Frequency Trading Leaders Forum 2013.

Dr. Preda is Professor of Accounting, Accountability and Financial Management, King’s College London. Professor Preda holds a PhD from the University of Bielefeld. Prior to joining the Department of Management at King’s College he worked at the University of Edinburgh and at the University of Konstanz. His principal research activities relate to global financial markets, and his research interests include: strategic behaviour in financial markets; decision-making and cognitive processes in electronic anonymous markets; market automation and trading technologies; valuation processes in markets; the role of communication in decision-making processes; the public understanding of finance; the governance of global finance. Professor Preda has recently conducted an ESRC-funded research project, Technology, Action and Cognition in Online Anonymous Markets: A Sociological Study of Non-institutional Traders and is investigator on Evaluation Practices in Financial Markets, a five-year project funded by the European Research Council, working together with colleagues from the University of Edinburgh and the London School of Economics. His publications include, among others, Framing Finance: The Boundaries of Markets and Modern Capitalism (University of Chicago Press, 2009) and Information, Knowledge, and Economic Life: An Introduction to the Sociology of Markets, (Oxford University Press, 2009). He is the co-editor (with Karin Knorr Cetina) of the Handbook of the Sociology of Finance (Oxford University Press, 2012) and The Sociology of Financial Markets (Oxford University Press, 2005).

Dr. Beunza is a Lecturer in Management within the Employment Relations and Organisational Behaviour Group at the London School of Economics and Political Science. His research in sociology explores the ways in which social relations and technology shape financial value. His award-winning study of a derivatives trading room on a Wall Street bank traces the roots of extraordinary returns to the use of space and internal organization. He has also studied securities analysts and the systemic risk posed by financial models. Along with other sociologists, Dr. Beunza’s research has led to the development of an emerging discipline, the social studies of finance, that challenges economic and behavioural understandings of finance by incorporating the role of social relations and technology. Dr. Beunza’s current research focuses on financial exchanges and socially responsible investment. His other research interests include management, social studies of finance, organization theory, and sociology of finance. Prior to joining the London School of Economics, Dr. Beunza taught at Universitat Pompeu Fabra (Barcelona) and Columbia Business School in New York City. He obtained his PhD from New York University.

Dr. Cliff is Professor at the Department of Computer Science, University of Bristol and Director of the UK LSCITS (Large Scale Complex IT Systems) Initiative. Professor Cliff is the inventor of the seminal “ZIP” trading algorithm, one of the first of the current generation of autonomous adaptive algorithmic trading systems, which was demonstrated to outperform human traders in research published in 2001 by IBM. Professor Cliff spent the first seven years of his career working as an academic, initially at the University of Sussex UK and then as an associate professor in the MIT Artificial Intelligence Lab, Cambridge USA. Professor Cliff’s early research was in computational neuroscience/neuroethology studying visual control of gaze and flight in airborne insects; in using artificial evolution to automate the design of autonomous mobile robots; and in studying the coadaptive dynamics of competitive co-evolutionary arms-races (e.g. between species of predator and prey). In 1996, while working as a consultant for Hewlett-Packard Laboratories, Professor Cliff invented the “ZIP” trading algorithm. In 1998 he resigned his post at MIT to take up a job as a senior research scientist at the HP Labs European Research Centre in Bristol, UK, where he founded and led HP’s Complex Adaptive Systems research group. In early 2005, Professor Cliff moved to Deutsche Bank’s Foreign Exchange trading floor in London, where he worked as a director in Deutsche’s FX Complex Risk Group. In late 2005, Professor Cliff resigned from Deutsche to serve as a Professor of Computer Science at the University of Southampton. In October 2005, Professor Cliff was appointed Director of a UK national research consortium, addressing issues in the science and engineering of Large-Scale Complex IT Systems (LSCITS). In July 2007, Professor Cliff moved to become Professor of Computer Science at the University of Bristol. In 2011, Professor Cliff and Linda Northrop (Director of the USA’s Software Engineering Institute’s ULSS Project) jointly authored a paper on the global financial markets as ultra-large-scale systems, commissioned by the UK Government Office for Science. Professor Cliff has a Bachelor of Science degree in Computer Science from the University of Leeds, with Master of Science and PhD degrees in Cognitive Science from the University of Sussex.

Dr. Pardo-Guerra is Lecturer in Sociology at the London School of Economics and Political Science. He studied physics at UNAM, Mexico, and holds an MSc and PhD in science and technology studies from the University of Edinburgh. His current research examines the dynamics of technology in financial markets, focusing on the evolution of information dissemination and automated trade execution systems between 1970 and 2010. His research, along with that of other colleagues at LSE and Edinburgh, informed the UK government’s policy on the future computer-based trading in financial markets. More broadly, his research engages with the linkages between markets, technologies, politics and expertise, re-evaluating the role and nature of markets in modern societies. He has published in top-ranking journals and across disciplines, including Economy & Society, Cultural Sociology, Journal of Cultural Economy, (sociology), Technology in Society (innovation studies) and Journal of Empirical Finance (financial economics).

Professor Treleaven is Director of the UK Centre for Financial Computing and Professor of Computing at UCL. The UK Centre is a collaboration of UCL, London School of Economics, London Business School and the major financial institutions and commercial organisations. The Centre undertakes analytics research in finance, retail, healthcare, services and sport. For the past 8 years Prof. Treleaven’s research group has developed algorithmic trading systems with many of the leading investment banks and funds, and for the past 3 years they have worked on HFT trading risk and systemic risk. The UK Centre has over 70 PhD students working on finance and business analytics, and is unique in placing them in banks, funds and companies to develop advanced analytics and software.

Professor Walter Distaso joined Imperial College Business School in September 2006. He holds a PhD from the University of York. Previously, he held positions at the University of Exeter and Queen Mary, University of London. He has also been a visiting professor at the IMF. His research interests are in the area of estimation, specification testing and prediction of financial Volatility in continuous time models; analyzing macroeconomic and financial time series using long memory models; identifying the macroeconomic determinants of stock-market volatility; studying the dependence of multivariate financial time series using copulas; evaluating competing trading strategies; analyzing the features and the effects of market microstructure noise.

High Frequency Trading Leaders Forum 2013 (http://www.hft-leaders-forum.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 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

European Parliament, Chicago Fed, Bank of England and AMF Top Regulators at London HFT Leaders Forum

March 14, 2013 staronepr Leave a comment

– Ms. Arlene McCarthy, Vice Chair – Economics and Monetary Affairs Committee and Draftsperson, Market Abuse Directive, European Parliament
– Mr. Philippe Guillot, Executive Director of the Markets Division, Autorité des Marchés Financiers (AMF)
– Ms. Carol Clark, Sr. Policy Specialist, Federal Reserve Bank of Chicago
– Mr. Joseph Noss, Financial Stability, Bank of England

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading.info) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” is bringing the 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. Who better than Ms. McCarthy, Ms. Clark and Messrs. Noss and Guillot to provide their insights to the hundreds of attendees to High-Frequency Trading Leaders Forum 2013.

Ms. McCarthy is Vice Chair, Economics and Monetary Affairs Committee and Draftsperson, Market Abuse Directive, European Parliament. McCarthy graduated from South Bank Polytechnic (now London South Bank University) in 1983 with B.A. (Hons) proceeding to attend the Free University of Berlin and then later attending the University of Manchester to conduct Ph.D. studies. After completing studies McCarthy was employed as a lecturer in International Politics and Regional Studies at the Free University of Berlin, and was also employed at the European Parliament working for the Socialist Group. Ms. McCarthy holds a number of positions within Parliament, being a member of the Party of European Socialists, she sits in the Progressive Alliance of Socialists and Democrats group. Ms. McCarthy serves as Chair of the Committee on Internal Market and Consumer Protection and has since 2009 served as the Vice-Chair of the Committee on Economic and Monetary Affairs.

Mr. Guillot is Executive Director of the Markets Division at the Autorité des Marchés Financiers (AMF); he was appointed on March 19, 2012. The AMF Markets Division monitors financial markets, infrastructures and market stakeholders. 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.

Ms. Clark is a Senior Policy Specialist in the financial markets group at the Federal Reserve Bank of Chicago. Her work focuses on public policy issues relating to trading (high speed trading, high frequency trading and algorithmic trading), market microstructure, clearing, settlement and payments. Prior to joining the financial markets group, Ms. Clark held a variety of positions at the Bank including national market research manager in the customer relations and support office, payments research manager in the economic research department, examiner in the capital markets unit, research coordinator in the national book-entry securities office and analyst in the loans and reserves department. Her research has been published in the Journal of Payment Systems Law and the Federal Reserve Bank of Chicago’s Chicago Fed Letter and Economic Perspectives. Ms. Clark has a B.A. from St. Xavier College and an M.A. from the University of Chicago.

Mr. Noss is an economist at the Bank of England. His work spans a range of issues connected to bank regulation, and he represents the Bank on a number of international policy groups. His research interests include a range of topics connected to financial markets and their implications for Financial Stability.

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

Business

Quant Investing, Equities Algorithmic and High-Frequency Trading Expert at Top London HFT Conference

March 14, 2013 staronepr Leave a comment

New York City, NY, USA (March 14, 2013) — Stuart Theakston, independent industry expert on Quantitative Investment, Algorithmic Execution and High-Frequency Trading in Equities, covering strategies, market micro-structure and technology, will be joining other high-profile panelists at 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.info) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” which brings insightful keynote speeches and highly regarded panels.

Previously, Mr. Theakston was Head of Quantitative Research and Automated Trading at GLC Ltd, a $1bn London based hedge fund trading short-term Equity Statistical Arbitrage and CTA strategies. Mr. Theakston managed all research and development of the quantitative models and trading systems across Equity and CTA programmes. He originally joined GLC in 2008 to build the firm’s High-Frequency and Automated trading capability in equities.

Prior to GLC, Mr. Theakston worked at Merrill Lynch and Deutsche Bank, with responsibility for delivering quantitative trading tools and high performance execution products to hedge fund clients and internal trading desks. Mr. Theakston started his career at Goldman Sachs and enjoyed a short stint as a Venture Capitalist during the (first) internet investment boom.

Mr. Theakston graduated from Cambridge University with an honours degree in Computer Science and also holds a masters degree in Finance from the London Business School.

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.

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.

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

Future of Automated Trading According to Foresight Report with Bristol’s LSCITS Leader Dave Cliff

March 13, 2013 staronepr Leave a comment

New York City, NY, USA (March 13, 2013) — “What the Foresight Report Tell us About the Future of Computer Trading in Financial Markets” is the topic of closing keynote speaker professor Dave Cliff, Department of Computer Science, University of Bristol and Foresight Project Member of the Lead Expert Group on Algorithmic Trading, at the most influential high-frequency trading conference in the world, Golden Networking’s High Frequency Trading Leaders Forum 2013 London, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, March 21 (http://www.High-Frequency-Trading-Conference.com).

Advances in technology continue to transform how our financial markets operate. The volume of financial products traded through computer automated trading taking place at high speed and with little human involvement has increased dramatically in the past few years. For example, today, over one third of United Kingdom equity trading volume is generated through high frequency automated computer trading while in the US this figure is closer to three-quarters.

The new two-year Foresight study The Future of Computer Trading in Financial Markets – An International Perspective, sheds new light on technological advances which have transformed market structures in recent years. The independent and international study has involved 150 leading experts from more 20 countries to provide the best possible analysis on computer trading to date. The aim of this project is to make a significant contribution to the challenges computer-based trading brings in the coming years and capitalize on the opportunities it has to offer.

It assembles and analyses evidence on the effect of HFT on financial markets looking out to 2022. A High Level Stakeholder Group, comprised of senior individuals from relevant institutions, provided strategic oversight for the project and advised on the key issues to be addressed.

Sponsored by Her Majesty’s Treasury, the project was led by the Government Office for Science under the direction of the Government’s Chief Scientific Adviser, Professor Sir John Beddington. It has involved leading experts, among them, Professor Cliff, member of the computer science team at the University of Bristol and Director of the UK Large Scale Complex IT Systems Initiative. Professor Cliff is the inventor of the seminal “ZIP” trading algorithm, one of the first of the current generation of autonomous adaptive algorithmic trading systems, which was demonstrated to outperform human traders in research published in 2001 by IBM.

Prior to joining the University of Bristol in 2007, Professor Cliff held faculty posts at the University of Sussex School of Cognitive and Computing Sciences, at the MIT Artificial Intelligence Laboratory, and at the University of Southampton School of Electronics and Computer Science. He’d also spent roughly half his career working as a researcher in industry: initially for Hewlett-Packard Labs, where he ended up as a Department Scientist; and latterly for Deutsche Bank London, where he was a Director/Trader in their Foreign Exchange Complex Risk Group.

Since October 2005, Professor Cliff has been Director of the UK Research and Training Initiative in the Science and Engineering of Large-Scale Complex IT Systems (LSCITS). This is funded by almost £10m of UK public funds (from EPSRC), with significant support from partners in industry and the UK public sector.

Most of his personal research work in the ten years before he got involved in LSCITS was centered on adaptive automated trading systems for various types of markets, and on automated design of market mechanisms. He started doing this in 1995, for market-based control of ultra-large-scale data-centres. In 2001 a team at IBM showed his “ZIP” trading software beating human traders, which got the attention of various companies in the global financial markets.

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 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:

– Professor Alex Preda, Professor of Accounting, Accountability and Financial Management, King’s College
– Ms. Arlene McCarthy, Vice Chair – Economics and Monetary Affairs Committee and Draftsperson, Market Abuse Directive, European Parliament
– Mr. Axel Pierron, Sr. VP, Securities & Investments, Celent
– Ms. Carol Clark, Sr. Policy Specialist, Federal Reserve Bank of Chicago
– Mr. Chris Skinner, Chairman, Financial Services Club
– Professor Daniel Beunza, Lecturer, London School of Economics
– Professor Dave Cliff, Department of Computer Science, University of Bristol
– Mr. David Mills, Sales Director EMEA, Azul Systems
– Mr. Edgar Perez, Author, The Speed Traders
– Mr. Giovanni Beliossi, Managing Partner, FGS Capital
– Mr. Hirander Misra, Chairman, Forum Trading Solutions
– Professor Juan Pablo Pardo-Guerra, Lecturer, London School of Economics
– Dr. Magrino Bini, Statistical Arbitrage Portfolio Manager, Millennium Partners
– Mr. Philip Stafford, FT Trading Room Deputy Editor, Financial Times
– Professor Philip Treleaven, Director, PhD, Centre in Financial Computing, UCL
– Mr. Philippe Guillot, Executive Director of the Markets Division, Autorité des Marchés Financiers (AMF)
– Mr. Sam Tyfield, Partner, Vedder Price, P.C.
– Mr. Stuart Theakston, Head of Research and Automated Trading, GLC
– Dr. Tommi A. Vuorenmaa, Head of Research & Trading, Valo Research and Trading
– Mr. VJ Angelo, Director, Global Markets Exchange Group
– Professor Walter Distaso, Professor of Financial Econometrics, Imperial College London

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

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

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.

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

Healthcare

IAPAM Enhances Website with Overview of Xeomin

March 13, 2013 staronepr Leave a comment

The IAPAM has enhanced its globally-respected website (IAPAM.com) with new content on the newest player in the injectables arena: Xeomin.

Las Vegas, Nevada, USA – March 12, 2013 — The IAPAM has enhanced its globally-respected website (http://www.iapam.com) with new content on the newest player in the injectables arena: Xeomin. As part of the IAPAM’s commitment to keeping physicians and patient informed, the Aesthetic Resources pages provide consumers and doctors with treatment-focused content and timely intelligence on the aesthetic medicine industry’s leading products and procedures.

After a 10 month injunction, Xeomin is again being launched in the US as a treatment of glabellar lines. Therefore, the IAPAM announces the launch of a NEW Aesthetic Resources Page on Xeomin (http://iapam.com/xeomin-incobotulinumtoxina). This NEW content provides an overview of this new and recently approved neurotoxin, and is aimed to educate physicians and patients alike on the pros and cons of this new competitor to botox.

Providing physicians, their staff and consumers with DYNAMIC CONTENT is the mission of the International Association for Physicians in Aesthetic Medicine (IAPAM). Comprised of physicians, business experts, researchers and communications specialists, the IAPAM Team is driven to ensure that its website, (IAPAM.com), is the best one-stop ‘window’ for both physicians new to aesthetic medicine, as well as seasoned professionals and patients. IAPAM.com is dedicated to keeping physicians and patients up to date with ever-changing, relevant information on current clinical treatments, costs benefits, business improvements, horizon technologies and global trends in the aesthetic medical arena.

The new page on Xeomin (http://iapam.com/xeomin-incobotulinumtoxina), offers an Executive Summary including intelligence such as:

– The main difference between Xeomin and Botox or Dysport, is that Xeomin contains just one ingredient: botulinum toxin A.
– Xeomin is a “naked injectable,” meaning that it does not contain any additives. A benefit of a pure-form injectable is that the human body is less likely to become resistant to it.
– Xeomin is the only one of the three (Xeomin, Botox and Dysport) that does not need to be refrigerated before use, and much much more.

Come and use the ever-expanding content on the IAPAM’s Website. Also, follow the IAPAM’s Executive Director, Jeff Russell, as he provides timely advice to physicians in his weekly blog (http://iapam.com/category/iapam-blog) and subscribe to our Aesthetic Medicine News RSS Feed (http://feeds.feedburner.com/AestheticMedicineNews) to receive breaking news about aesthetic medicine advances. If you have any questions regarding aesthetic medical treatments, new technologies, new products, or future trends, please contact the IAPAM at 1-800-219-5108 or visit http://www.iapam.com.

Botox is a trademark of Allergan, Inc. Dysport is a trademark of Medicis, Inc. Xeomin is a trademark of Merz Pharmaceuticals LLC.

About the International Association for Physicians in Aesthetic Medicine (IAPAM)

The International Association for Physicians in Aesthetic Medicine is a voluntary global association of physicians and supporters, which sets standards for the aesthetic medical profession worldwide. The goal of the association is to offer education, ethical standards, credentialing, and member benefits to members around the globe. IAPAM membership is open to all licensed medical doctors (MDs), doctors of osteopathic medicine (DOs), physicians assistants (PAs) and nurse practitioners (NPs). The IAPAM offers aesthetic medicine and hCG medical weight management programs, including: Botox training, medical aesthetic training, laser training, physician hCG training, and aesthetic practice business training. Additional information about the association can be accessed through the IAPAM’s website (http://www.iapam.com) or by contacting:

Jeff Russell, Executive-Director
International Association for Physicians in Aesthetic Medicine (IAPAM)
1-800-219-5108 x704

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.

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