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Business

Lifelong Passion for Dance Revealed in The Star’s Up Close & Personal with Edgar Perez

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Edgar Perez, Author, ‘The Speed Traders’ and ‘Knightmare on Wall Street’, and Course Director, The Speed Traders Workshop 2012, Reveals Passion for Dance in ‘Up Close & Personal with Edgar Perez’ with The Star.

New York City, NY, USA (August 13, 2012) — “The combined forces of speed and technology are turning the stock market into a different animal from the days of our fathers and mothers with small retail players being the casualties of the sweeping changes, particularly in the West. This is the dark side of technology which cannot be ignored but which must be managed by regulators.” That’s how journalist Thean Lee Cheng starts her profile of Edgar Perez, 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, and Mandarin by China Financial Publishing House, 2012) for The Star, Malaysia’s largest newspaper in terms of circulation. The profile is available online at http://biz.thestar.com.my/news/story.asp?file=/2012/5/19/business/11272484.

Perez revealed a passion for salsa and hustle dancing. While salsa needs to no further introduction, hustle dancing might; it refers to the unique partner dance done in ballrooms and nightclubs to disco music, and it is also commonly referred as ‘New York Hustle’ or ‘Latin Hustle’. In fact, Perez has been known to frequent some of the most popular disco parties in New York City; a video of Perez dancing to the hustle has been uploaded to his Facebook page, http://www.facebook.com/AmericasUltimateNetworker.

Cheng went onto inquiring about Perez’s thoughts on speed trading. “High-frequency trading is computer executed trading. Humans are slow by comparison, when identifying the different markets and location and products. It is a field for technology, which is fluid, fast and is able to complete a deal in milliseconds. Let us assume you are interested to sell 500 IBM shares. You are only interested to get your cash immediately. However, selling IBM is not a unique event. Its stock is a component of exchange-traded funds, and is a component of Standard & Poor’s indexes. There are also derivatives which rely on IBM stocks. If I sell IBM, there will be pressure on price, which affects the options and derivatives markets. All these changes take time to compute. Computer can detect the impact of the sale and is able to calculate the next price of the derivatives and options compared with the current price. This happens even before the price is adjusted.”

“It is computers that accelerate the change, be it good or bad. Computers are rationale but people are emotional. Out of emotions, humans may sell a big order, but it is computers that accelerate the decline, says Perez. The impact of this is tremendous on regulators. They are struggling to regulate the market and facing a huge challenge in this new and changing financial system, says Perez. This was clearly seen in the flash crash of May 2010 when the US stock market lost nearly 1,000 points in 20 minutes before it recovered. There were no circuit breakers then. It took the regulators nearly five months to analyze the data and generate a solution, he recalls.”

Perez’s first book, The Speed Traders. “a clear and informative read that can be useful to both seasoned industry professionals and those who are only exploring the financial industry”, has confirmed him as the preeminent global expert in the specialized area of high-frequency trading. Perez has led The Speed Traders Workshop 2012, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX, http://www.TheSpeedTradersWorkshop.com, (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai, Jakarta, London, Mexico City, Moscow, Ho Chi Minh, New York, Dubai and Chicago), and was Adjunct Professor at the Polytechnic Institute of New York University, where he taught Algorithmic Trading and High-Frequency Finance. He contributes regularly to China’s International Finance News.

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 featured on 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, 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 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 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.

Finally, Perez revealed the names of three people he admires: Mother Theresa, Henry Kravis (who also attended his alma mater, Columbia Business School), and Bill Gates. While these outstanding individuals are not in the high-frequency trading world, no doubt they have provided Perez an inspiration as he embarks on the path to be recognized as “author, global entrepreneur and consultant, go-getter”.

Media Contact:
Julia Petrova
Media Relations Coordinator
The Speed Traders
516-761-4712
jpetrova@thespeedtraders.com
http://www.thespeedtraders.com

Business

Edgar Perez, The Speed Traders Workshop 2012, Featured in The New York Times on High-Frequency Trading Regulation

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Edgar Perez, the author of “The Speed Traders: An Insider’s Look at the New High-Frequency Trading Phenomenon That Is Transforming the Investing World” and the forthcoming “Knightmare on Wall Street: Do Facebook’s Botched IPO and Knight Capital’s Technology Error Mark the Beginning of the End of Equities Investing?,” featured in The New York Times’ Room for Debate, with “Don’t Ban the Trades; Regulate Them in Real Time”.

New York City, NY, USA (August 7, 2012) — Edgar Perez, author of The Speed Traders, and former McKinsey & Co. consultant and New York University Adjunct Professor, was featured in The New York Times’ Room for Debate opinion page on How to Regulate High-Frequency Trading, alongside other recognized experts on the subjects of speed trading and regulation. Perez is currently presenting The Speed Traders Workshop 2012, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (The Speed Traders Workshop 2012), in a number of cities around the world, including Moscow, Shanghai, Jakarta, Kuala Lumpur, Singapore, Ho Chi Minh, New York, Chicago, Dubai and London.

In his article, “Don’t Ban the Trades; Regulate Them in Real Time”, Perez argued that wrongdoing in financial markets has existed long before the advent of high-frequency trading, and it would always be a part of markets. High-frequency trading is simply a tool, he said; it can be positive or negative for investors and markets. To maximize the benefit and minimize the downsides, regulators need to catch up with the technology.

“High-frequency trading has been under a microscope since the infamous ‘flash crash’ in 2010. Let’s remember, though: The market rebounded that day almost as fast as it fell, and regulators ultimately determined that the crash was initiated by human error. But many in the financial sector and in government were uncomfortable at the thought that high-frequency trading programs could vaporize huge amounts of equity in a matter of minutes.”

Perez concluded that real-time policing for potential malfeasance was the most efficient way to regulate high-frequency trading. Analysis of real-time data would provide for effective regulation of these trades. This in turn would provide peace of mind for market participants big and small.

Mr. Perez is widely regarded as the preeminent global expert in the specialized area of high-frequency trading. He is author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, published in English by McGraw-Hill Inc. (2011), in Mandarin by China Financial Publishing House (2012) and currently being translated into Bahasa Indonesia and Portuguese, and the forthcoming Knightmare on Wall Street: Do Facebook’s Botched IPO and Knight Capital’s Technology Error Mark the Beginning of the End of Equities Investing?. He 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, Jakarta, London, Mexico City, Moscow, Ho Chi Minh, New York, Dubai and Chicago), and was Adjunct Professor at the Polytechnic Institute of New York University, where he taught Algorithmic Trading and High-Frequency Finance. He contributes regularly to China’s International Finance News.

Mr. Perez has been interviewed on CNBC Cash Flow, CNBC Squawk Box, BNN Business Day, CCTV China, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media, Channel NewsAsia Business Tonight and Cents & Sensibilities. In addition, Mr. Perez has been featured on 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, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and Business Times.

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

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

Media Contact:
Julia Petrova
Media Relations Coordinator
The Speed Traders
516-761-4712
jpetrova@thespeedtraders.com
http://www.thespeedtraders.com

Business

Hear the Scream of the Street on 2-year Anniversary of the Flash Crash at High Frequency Trading Happy Hour

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Initially Reported by Los Angeles Times, High-Frequency Trading Happy Hour, Evenings of Networking and Cocktails around the Globe.

(May 4, 2012, New York) — More than two years ago, Los Angeles Times uncovered the lid on High Frequency Trading Happy Hour business receptions organized by Golden Networking. They said in their note at http://articles.latimes.com/2010/may/16/business/la-fi-new-exchanges-20100516: “Traders toast their successes at bimonthly happy hours in New York bars. They’ll converge next month at Johnny Utah’s, a cavernous watering hole near Rockefeller Center that features a 300-pound mechanical bull.” Not quite right though, as these receptions have now become monthly, attracting a hundred professionals every month in New York.

Golden Networking’s High Frequency Trading Happy Hour on May 8 will be a terrific opportunity to reflect on the industry prospects exactly two years after the Flash Crash. While critics pointed to the steep decline of the Dow Jones as a negative consequence of evolving speed trading, it was clearly established just a few months later by the SEC and CFTC that high-frequency trading didn’t cause this accident; even more so, the sequence of events proved the importance of the liquidity speed traders have been providing to retail and institutional investors.

High Frequency Trading Happy Hour will bring together a who’s who of the speed trading world for a productive evening of networking and cocktails. Traders, quants, managers, investors, allocators, service providers and consultants get together in five cities every month. Service providers have found these receptions tremendously valuable to participate at, as they get to enjoy terrific benefits:

– Unequaled opportunities to reach key decision makers in the high-frequency trading community
– Direct global exposure to hundreds of high-quality attendees
– Enhanced credibility and business opportunity with managers, quants, advisors, consultants, service providers and individual and institutional investors
– Expanded marketing reach by tapping into Golden Networking’s global database of 100,000 finance professionals
– Direct exposure on Golden Networking’s website and the driving of additional, qualified traffic to your website

Practitioners represented in past editions of High-Frequency Trading Happy Hour include companies such as Alaris Trading Partners, Andrews Securities, Atlantic Advisory Group, Avatar, Capital Advisors, Citadel, Citi, CNBC, Comscient, Credit Suisse, DE Shaw, Deutsche Bank, Duane Morris, Eagle View Asset Management, Falcon Technology Systems, Garrett Asset Management, GETCO, Goldman Sachs, Greyfields, Infinium Capital, Lightspeed, Lime Brokerage, Mahogany Partners, MNG Capital , Monolith Capital Trading Partners, Morgan Stanley, MSF Capital Advisors, Nirvana Capital, Nobilis Capital, OneMarketData, OneTick, SBS Securities, Selerity, Silver Leaf Partners, Traderworx, Twin Capital Management, UBS, among others.

More information about sponsorship opportunities can be requested writing to info@goldennetworking.net. High-Frequency Trading Happy Hour is produced by Golden Networking, the premier networking community for business executives, entrepreneurs and investors. Golden Networking has been frequently featured in the press, including recent articles in The Wall Street Journal, “Happy Hour for High-Frequency Trading”, The New York Times, “Golden Networking Helps Job Seekers Make Overseas Connections”, Los Angeles Times, “Speed-addicted traders dominate today’s stock market”, Reuters, “Revamp looms as trading experts huddle at SEC” and Columbia Business School’s Hermes Alumni Magazine, “10 Under 10”.

Contact:
Julia Petrova
Media Relations Manager
Golden Networking
516-761-4712
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business, Financial

Two Years After the Flash Crash, High Frequency Firms on the Move: The Speed Traders Workshop 2012 Warsaw

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Edgar Perez, Presenting The Speed Traders Workshop 2012 Warsaw, Poland, “How Algorithmic and High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX”, May 11, 2012.

(May 3, 2012, New York) — It was reported by Reuters that increased scrutiny by U.S. regulators and politicians of high-frequency traders is creating an incentive for them to move to less regulated markets inside and outside the United States, Duncan Niederauer, chief executive of NYSE Euronext. High-frequency trading had come under increased scrutiny since the May 6, 2010 “flash crash,” when the Dow Jones industrial average dropped more than 800 points in minutes, before rebounding. Some critics said high frequency trading exacerbated the speed and severity of the fall.

Niederauer said that another result of the increased scrutiny in the United States was that high-frequency firms were accelerating shifts to non-U.S. markets. “I don’t think the high frequency guys have left the U.S. market entirely, but I do think that they have shifted some of their volume to the less regulated market, which you have to say is a rational decision on their part.”

This rational decision by high frequency traders to move to other markets includes Poland. That’s why Edgar Perez is bringing The Speed Traders Workshop 2012 Warsaw, “How Algorithmic and High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX” (http://www.TheSpeedTradersWorkshop.com) on May 11 to the Warsaw Stock Exchange. Perez is widely regarded as the preeminent expert in the specialized area of high-frequency trading; he is the author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://www.TheSpeedTraders.com), published by McGraw-Hill Inc. (2011).

The Speed Traders Workshop 2012 Warsaw 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.

Perez has been featured on CNBC Cash Flow (with Oriel Morrison), CNBC Squawk Box (with Geoff Cutmore), BNN Business Day (with Kim Parlee), TheStreet.com (with Gregg Greenberg), Channel NewsAsia Business Tonight and Cents & Sensibilities (with Lin Xue Ling), NHK World, iMoney Hong Kong, Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, The Korea Herald, FIXGlobal Trading, The Korea Times, TODAY Online, Oriental Daily News and Business Times.

Perez has been engaged to present to the U.S. Securities and Exchange Commission, CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University and Pace University, among other public and private institutions. In addition, Perez has spoken at a number of global conferences, including 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 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.

Contact:
Julia Petrova
Media Relations Coordinator
The Speed Traders
516-761-4712
jpetrova@thespeedtraders.com
http://www.thespeedtraders.com