Tag Archives: hft conference

Expert in German Hedge Funds Marcus Storr at Noted High-frequency Trading Leaders Forum 2013 London

November 10, 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”, December 5 (www.HFTLeadersForum).

New York City, NY, USA (November 10, 2013) — Marcus Storr, Head of Hedge Funds with Feri Trust GmbH, will speak at 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, forum that will bring the latest on speed trading to one of the world’s financial capitals, London, on December 5.

Mr. Storr joined Feri Trust GmbH in 2005. He is responsible for the portfolio management, hedge fund manager selection (offshore & UCITS) and due diligence within the hedge fund department. Furthermore he is responsible for hedge fund operations including client reporting. Within the Asset Management division he is also responsible for Absolute Return mandates and general asset allocation. He has strong contacts to institutional investors in German-speaking Europe.

Before joining Feri, Mr. Storr was Head of the Strategic Advisory Team at Sachsen LB in Leipzig reporting directly to the CEO. From 1999 to 2003 he was a Director within the Global Equities department of Dresdner Kleinwort Wasserstein in London, being responsible for European equity research within the Capital Goods sector as well as being the lead analyst on several successful IPOs and M&A transactions. Prior to this he was working for Robert Flemings (acquired by JPMorgan) in London. He has over 20 years of experience in capital markets, financial transactions and manager selection.

Mr. Storr has been speaking at numerous conferences worldwide and is a sought-after interview partner. He has written several articles on hedge funds which have been published in professional academic journals, industry magazines and financial books.

Mr. Storr holds a masters’ degree in Finance/Capital markets and international management / economics from the Humboldt University Berlin.

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 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.

High Frequency Trading Leaders Forum 2013 is produced by Golden Networking (http://www.goldennetworking.com), 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 information@goldennetworking.com.

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

hft conference, trading show, tech2trade, hedge funds conference, german hedge funds, marcus storr

Business

Oliver Linton, Faculty of Economics, University of Cambridge, Keynote at Foremost London HFT Summit

November 10, 2013 staronepr Leave a comment

New York City, NY, USA (November 10, 2013) — Professor Oliver Linton, Chair of Political Economy at Cambridge University and Foresight Project Member of the Lead Expert Group on Algorithmic and High-Frequency Trading, will speak at 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, forum that will bring the latest on speed trading to one of the world’s financial capitals, London, on December 5.

Professor Linton is a member of the Government Office for Science Foresight Lead Expert Group on The Future of Computer Trading in Financial Markets. Their final report, published in 2012, sheds new light on technological advances which have transformed market structures in recent years. This independent and international study has involved 150 leading experts from more 20 countries to provide the best possible analysis on computer trading to date. 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 in the field and explored how computer generated trading in financial markets will evolve over the next 10 years. It assembled and analyzed evidence on the effect of HFT on financial markets looking out to 2022.

Professor Linton holds the Chair of Political Economy at Cambridge University, having previously held the post of Professor of Econometrics at the London School of Economics. He is a Fellow of the Econometric Society, of the Institute of Mathematical Statistics and of the British Academy. A former Professor of Economics at Yale University, he is the author of over one hundred articles in the areas of econometric theory and financial econometrics. Within financial econometrics he is interested in high frequency data and in low frequency panel data issues.

His research interests are nonparametric and semiparametric methods, particularly as applied to bandwidth choice and to efficiency comparisons between first order equivalent procedures, leading to examination of practical problems such as how to choose bandwidth, the curse of dimensionality, and how to obtain good approximations to the actual sampling variability of the estimators. He is also interested in financial econometrics. Professor Linton has also acted in a consulting or advisory capacity for (among others) Hargreaves Lansdown, Rio Tinto, the Financial Services Authority (FSA), Royal and Sun Alliance and Concordia Asset Management.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
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Business

FGS Chief Executive Officer, Giovanni Beliossi, at High-frequency Trading Leaders Forum 2013 London

November 10, 2013 staronepr Leave a comment

New York City, NY, USA (November 10, 2013) — Giovanni Beliossi, expert in equity-market-neutral portfolios, will be joining other high-profile panelists at the most influential high-frequency trading conference in 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, forum that will bring the latest on speed trading to one of the world’s financial capitals, London, on December 5.

Mr. Beliossi is Managing Partner at FGS Capital LLP, where he has been CEO and is responsible for portfolio management since co-founding the firm in 2002. Previously he was Associate Director of hedge funds at First Quadrant Ltd, where he set up and managed its Pan European long/short equity market neutral portfolios, and was responsible for UK-based hedge fund business. His experience of managing equity-market-neutral portfolios dates back to 1995, when he joined the firm.

Prior to that he was a tenured Research Fellow with the Economics Department of the University of Bologna in Italy, and he has held appointments with BARRA International and Eastern Group Plc.

Mr. Beliossi is also a Board and Research Committee member of Inquire UK and Inquire Europe, and a Board member of the International Association of Financial Engineers (IAFE). He is the European Chair of the Steering Group of the Investor Risk Committee (IRC) of IAFE working on guidelines for disclosure and transparency for hedge funds. Mr. Beliossi is a CFA Charterholder.

Mr. Beliossi received a Master of Arts, Financial Economics, from University of Essex and a Bachelor in Economics from Università di Bologna.

Media Contact:
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Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
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Business

New SEC Regulations after Knight Capital at High-frequency Trading Leaders Forum 2013 in New York

July 23, 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 23, 2013) — According to SearchCompliance, the speed and complexity of software designed for high-frequency stock trading propelled Knight Capital Group’s success in recent years, but those same properties drove the firm to the brink of bankruptcy. When New York Stock Exchange trading opened the morning of Aug. 1, 2012, a technology breakdown in Knight Capital’s newly installed trading software caused a deluge of erroneous stock orders that severely disrupted the market. The new software had been deployed the day before, the company said, and it took about half an hour to halt the erroneous orders once the problem was discovered.

After Knight Capital Group lost $440 million in about 45 minutes of trading that day, regulators redoubled efforts to limit stock exchange damages inflicted by faulty technology. Specifically, they launched a review of the testing and control requirements needed to prevent highly complicated and interconnected IT systems from causing market upheaval when errors occur.

Lessons to be after the Knight Capital incident 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 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.

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 High Is High-Frequency Trading at World’s Most Influential HFT Conference in New York City

July 23, 2013 staronepr Leave a comment

New York City, NY, USA (July 23, 2013) — According PBS Newshour’s Simone Pathe, high-frequency trading represents more than half of all transactions of American stocks these days. How fast is high-frequency? So fast, it turns out, that data companies now provide financial data to their most premium subscribers early — as little as two milliseconds early in the case of a $20,000-per-month service the Nasdaq and Chicago Mercantile Exchange debuted in May using microwave networks. That time difference is enough to gain quite the financial advantage.

One key data provider, Thomson Reuters, announced it was suspending its 9:54:58 a.m. release of the University of Michigan’s consumer confidence data to about a dozen premium subscribers (not to be confused with those regular money management customers who pay to receive the data at 9:55 a.m., a measly five minutes before the University of Michigan posts the consumer confidence index online) while New York Attorney General Eric Schneiderman investigates the practice.

Thomson Reuters maintains that their 9:54:58 a.m. release, for which some clients pay more than $6,000 a month, does not violate federal insider trading laws since they disclose the tiered pricing to all customers.

So how and why do traders capitalize on those all-important two seconds? The answers will be debated 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
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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

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.

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

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
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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 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.

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

The Rise of the Machines at Tech2Trade Expo 2013’s High-Frequency Trading Leaders Forum 2013 New York

July 12, 2013 staronepr Leave a comment

New York City, NY, USA (July 12, 2013) — In the 17th century, it is said that the Rothschilds were able to balance stock markets in their favor by flying carrier pigeons to relay information before their peers. Today’s equivalent is high-frequency trading, the main topic of discussion 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).

According to Public Service Europe, HFT creates extreme market volatility and has even resulted in a ‘flash crash’. On May 6, 2010, US index the Dow Jones plunged 1,000 points – or 9 per cent of its total – only to recover those losses within minutes. This shock was a direct result of HFT. And the sequence of events was triggered by a single sale of $4.1bn in futures contracts by a mutual, in an aggressive attempt to hedge its investment position. This was quickly magnified by HFTs, creating a snowball effect.

Not only that, the limited uses for such a trading device are simply to pump up pension funds or to create greater wealth for the super-rich. All this without truly investing in a productive asset – a company that might make a difference to wider society. Any integrity markets might have once had now lies in tatters.

At this precise moment, the world of HFT is analogous to a frontier town. Only this time, it is not humans displaying wild west-style behavior but the machines we have created. The flash crash of 2010 was a wake-up call. However, it seems the regulators are still asleep and we all know where that leads – circa the 2008 global economic crisis we are still coming to terms with today. Perhaps, carrier pigeons were not such a bad idea after all.

– Alexander Fleiss, CIO and Co-Founder, Rebellion Research
– Thomas Kirchner, President, Pennsylvania Avenue Funds
– Jitesh Thakkar, President, Edge Financial Technologies
– James Koutoulas, CEO, Typhon Capital Management
– Sayena Mostowfi, Senior Analyst, The Tabb Group
– Marcus Storr, Head of Hedge Funds, Feri Institutional
– Carol Clark, Sr. Policy Specialist, Federal Reserve Bank of Chicago
– R. Scott Morris, President, Morris Consulting
– Nimesh Bharadia, CEO and Founder, The Kaiman Group
– Alison Graham, Chief Investment Officer, Voltan Capital Management
– Jonathan Kanterman, Partner, Institutional Asset Advisors
– Matthew Magidson, Partner, Lowenstein Sandler PC
– V.J. Angelo, Director, Global Markets Exchange Group
– Sanjeev Sharma, Contributing Writer, SeekingAlpha.com
– Dr. Juan Pablo Pardo-Guerra, Lecturer, London School of Economics
– Kieron O’Brien, Director, Rosenblatt Group
– Sanjay Awasthi, Director, East Spring Investments
– Scott Nichols, Director of Trading, Rotella Capital
– Dr. Tommi A. Vuorenmaa, Head of Research and Trading, Valo Research and Trading
– Sam Tyfield, Partner, Vedder Price
– Hendrik Klein, Head Portfolio Manager, Da Vinci Invest AG
– Bill Barry, Former Managing Director, Knight Capital
– Dan Keegan, Options Instructor and Head Options Mentor, The Chicago School of Trading
– Ram Ahluwalia, Portfolio Manager, Winged Foot Capital
– Dr. Walter Distaso, Professor of Financial Econometrics, Imperial College London
– Edgar Perez, Author, The Speed Traders
– Robert Cohen, Assistant Director, U.S. Securities and Exchange Commission
– Morgan Hill, Chief Operating Officer, Attis Capital
– Daniel Gramza, President, Gramza Capital Management

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