Tag Archives: high frequency trading

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

July 22, 2013 staronepr Leave a comment

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

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

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

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

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

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

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

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

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

High Frequency Trading Leaders Forum 2013 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to download our Information Package or contact Golden Networking directly by calling +1-414-FORUMS0 or sending an email to information@goldennetworking.net.

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

Business

‘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

How High Is High-Frequency Trading at Tech2Trade Expo 2013 New York City, World Financial Center

July 12, 2013 staronepr Leave a comment

New York City, NY, USA (July 12, 2013) — PBS News Hour just reviewed high-frequency trading, which represents more than half of all transactions of American stocks these days; but just 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 this week 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? That is a 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), at the World Financial Center.

– 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
http://www.goldennetworking.net

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.

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

Business

In Search of Liquidity at Tech2Trade 2013, World’s Most Influential High-frequency Trading Conference

June 25, 2013 staronepr Leave a comment

New York City, NY, USA (June 25, 2013) — A deeply liquid market is considered a sign of a healthy market with lots of participants, but Commissioner Bart Chilton, Commodity Futures Trading Commission, says all liquidity may not be the same and could be distorting markets. The CFTC is concerned that some of the liquidity that may be provided by high-frequency traders could be “fantasy liquidity created by ‘wash’ sales,” which is prohibited under both the Commodity Exchange Act and exchange rules.

High-frequency traders enter and exit the market quickly and can do so multiple times a day, helping to create a more liquid market. But they’re a relatively new addition to the trading world and Chilton said how they operate needs closer scrutiny, especially since at times they can be 30% to 50% of a market. The concern is over “wash” trades, which happens a trader trades with himself, in other words puts out a bid price and matches it. “If you’re trading with yourself, you have nothing to lose, you’re not taking a risk. If this was occurring a little bit, it would be no harm, no foul,” Chilton said.

However, he said, this is happening more than a little bit, calling the wash trades “voluminous.” Chilton said there may be two reasons why these wash trades are happening. One is to make it look like there is deep volume to entice other people to trade those markets. Second, these traders may be part of legitimate market-maker programs, which is when an exchange pays a market-maker to provide liquidity. “But it’s dangerous if you’re trading with yourself and taking no risk. It can also affect price discovery and hurts consumers,” he said.

To discuss the eternal liquidity challenge, Golden Networking is pleased to host Tech2Trade Expo 2013’s High Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading-Conference.com), “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, this July 30 in New York City, September 18 in London., October 8 in Chicago, October 24 in Singapore and November 21 in Frankfurt.

“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 New York City, London, Chicago, Singapore and Frankfurt 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. “High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access.” said Edgar Perez, author of The Speed Traders and the forthcoming Knightmare on Wall Street. Recognized experts, regulators, and strategists, will return to High-Frequency Trading Leaders Forum 2013 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

High Frequency Trading Leaders Forum 2013, co-located with Hedge Funds Leaders Forum 2013 and Derivatives Trading 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

Golden Networking’s Tech2Trade Expo Now Bringing High Frequency Trading Most Influential Conference

June 3, 2013 staronepr Leave a comment

New York City, NY, USA (June 3, 2013) — Golden Networking is pleased to announce the launching of Tech2Trade Expo 2013‘s High Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading-Conference.com), “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, this July 30 in New York City, September 18 in London., October 8 in Chicago, October 24 in Singapore and November 21 in Frankfurt.

“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 New York City, London., Chicago, Singapore and Frankfurt 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 to provide the information practitioners 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 (http://www.HFT-Leaders-Forum.com), “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, include the movement toward emerging markets and multi asset trading in pursue of alpha, how new technologies are dramatically changing the game and a thorough look at the upcoming regulatory changes in America, Europe and Asia.

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

Business

For Futures Magazine, Edgar Perez’s The Speed Traders An Enlightening Read on High-Frequency Trading

May 28, 2013 staronepr Leave a comment

Edgar Perez, Author, The Speed Traders: An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, Published by in English by McGraw-Hill Inc. (2011), Mandarin by China Financial Publishing House (2012), and Bahasa Indonesia by Gramedia (2012) and Course Director, The Speed Traders Workshop 2012 (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, Beijing and Shanghai).

New York City, NY, USA (May 28, 2013) — An enlightening read is how John Siewers III, a commodity broker for more than 20 years with 15 years experience on the Chicago trading floors, summarizes Edgar Perez’s book, The Speed Traders for Futures Magazine. “When a successful money making machine enters the picture, the expansion from the few to the many will occur naturally. The book is very clear on the evolutionary line. Perez has cornered a few of the success stories and had the luck/gumption to interrogate (er, interview) the few who would sit for it. It’s seems to be a cross technique he follows, while not exactly exposing the traders, and not exactly a promotional piece. I am sure their publicist, if they have one, couldn’t have been happier.”

“The fact that active players in this high-speed shuffle have different ideas of what constitutes high-frequency trading is logical when a new strategy evolves out of breathtakingly fast technological changes. High-frequency trading developers and entrepreneurs have chosen to remain, from inception through the recent flurry of regulation, litigation and bad press, in the shadows as any extremely profitable format of trading logically would. Many rumors and preconceived ideas have sprung up among the general public as well as the animosity of more traditional investors. As a natural result a continuation of secrecy remains, as you would expect in any number of highly successfully systems. An insider’s look is right. Perez does a fine job of laying out the argument FOR high frequency trading.”

The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World has been published in English by McGraw-Hill Inc. (2011), in Mandarin by China Financial Publishing House (2012) and Bahasa Indonesia by Gramedia and Portuguese. The author contributes regularly to The New York Times and 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 Council of Foreign Relations and 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 and is an accomplished salsa and hustle dancer.

Media Contact:
Julia Petrova
Media Relations Coordinator
The Speed Traders
+1-516-761-4712
jpetrova@thespeedtraders.com
http://www.thespeedtraders.com

Business

Edgar Perez, The Speed Traders, at Hedge Funds Happy Hour, on HFT Regulation after Flash Crash

May 13, 2013 staronepr Leave a comment

Hedge Funds Happy Hour, Best Alternative Investments Networking, (www.HFHappyHour.com), Evenings of Networking and Cocktails around the Globe.

New York City, NY, USA (May 13, 2013) — On May 6th, 2010, the U.S. stock markets experienced an unusual decline (and an immediate upswing) that temporarily erased $1 trillion in market value (the Dow Jones Industrial Average plunged about 1000 points) and puzzled both actors and experts following the markets. Electronic trading, like any other area of finance, should have sensible regulations imposed to promote sound trading practices and protect the average American investor. Regulators can restore trust in the market without eliminating high-speed trading. They simply must be armed to analyze trading activity in real time. What has been the progress so far since the Flash Crash?

Practitioners are invited to join Edgar Perez for an insightful talk on “Still Waiting on Real Time Regulation 3 Years after Flash Crash”, at Hedge Funds Happy Hour New York City (http://hfhappyhour.eventbrite.com), May 14, 6PM, business receptions organized by Golden Networking that bring together a who’s who of the speed trading world for productive evenings of networking and cocktails.

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), 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).

Mr. 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.

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 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.

Mr. Perez has been engaged to present to the Quant Investment & HFT Summit APAC 2012 (Shanghai), U.S. Securities and Exchange Commission (Washington DC), CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University, University of International Business and Economics (Beijing), Hult International Business School (Shanghai) and Pace University (New York), among other public and private institutions. In addition, Mr. Perez has spoken at a number of global conferences, including CME Group’s Global Financial Leadership Conference 2012 (Naples Beach, FL), Harvard Business School’s Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago), MIT Sloan Investment Management Conference (Cambridge), Institutional Investor’s Global Growth Markets Forum (London), Technical Analysis Society (Singapore), TradeTech Asia (Singapore), FIXGlobal Face2Face (Seoul) and Private Equity Convention Russia, CIS & Eurasia (London).

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 Manager
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business

Edgar Perez in London and Kiev Previewing Knightmare on Wall Street, the Knight Capital Story

April 15, 2013 staronepr Leave a comment

Edgar Perez, Author, ‘The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World’ and Course Director, The Speed Traders Workshop 2013, Previewing ‘Knightmare on Wall Street’ in London and Kiev.

New York City, NY, USA (April 15, 2013) — Edgar Perez, 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), spoke at High-frequency Trading Leaders Forum 2013 London (http://www.HFT-Leaders-Forum.com) and Vadym Hetman Kyiv National Economic University (http://kneu.edu.ua), and offered a preview of his forthcoming book Knightmare on Wall Street (http://www.KnightmareonWallStreet.com).

Knight Capital was one of the companies whose fortune had risen as U.S. regulators made a series of changes in the structure of financial markets over the last 15 years. On Wednesday August 1, 2012, 9:30am, right after the markets opened for the day, the firm would issue an unprecedented number of erroneous orders into the market. What followed after this shocking announcement were rounds of conversations with a number of players that had smelled blood and were ready to pick up the pieces, if not stopped by an unprecedented frantic telephone activity in an industry where everybody knows everybody. Knightmare on Wall Street is the behind-the-scenes story of this epic event; it will provide a comprehensive account of what took to elevate Knight Capital to the cusp of the investing revolution of the late 1990s and what almost brought down the firm.

Edgar Perez’s first book, The Speed Traders. published in English by McGraw-Hill Inc. (2011), Mandarin by China Financial Publishing House (2012), and Bahasa Indonesia by Kompas Gramedia (2012), provides “a clear and informative read that can be useful to both seasoned industry professionals and those who are only exploring the financial industry” and 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, 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 The New York Times and China’s International Finance News and Sina.

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 Sohu, News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio, CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com, CBNweek.com, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, ifeng.com, International Finance News, hexun.com, Finance.QQ.com, Finance.Sina.com, The Korea Times, The Korea Herald, The Star, The Malaysian Insider, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and Business Times.

Perez has been engaged to present to the 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).

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

Business

Edgar Perez, Keynote at London HFT Conference, Warns of Impending Correction in US Equities Markets

March 19, 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 19, 2013) — Mr. Edgar Perez, author of The Speed Traders and the forthcoming Knightmare on Wall Street, and keynote speaker at Golden Networking’s High-Frequency Trading Leaders Forum 2013 London, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, March 21, warned of an impending correction in the US equities markets coming as early as in the second quarter. The full article can be read at his blog, http://www.TheSpeedTraders.com, though this link: http://thespeedtraders.wordpress.com/2013/03/17/the-correction-in-the-us-equities-markets-nobody-wants-to-talk-about-edgar-perez-hft-speaker.

Mr. Perez attributed the recent Dow Jones Industrial Average’s (DJIA) longest winning streak since 1996 to very good corporate earnings and monetary policy that pushes investors to take risks in equities. So he asked himself if the earnings momentum is sustainable. “Unfortunately, savings from the smaller share of the pie from labor, government spending and earnings coming from emerging markets (EM) outside the US are all factors that will be curtailed at some moment. Is the Fed eager to continue being the huge player in this equation? Some of its members are increasingly worried about the effectiveness of the continued QE; if the labor market recovers, as the January numbers showed, the Fed most probably might be ending its bond purchases soon.”

“What the equity markets want indeed is stable and/or predictably increasing US profits and the Fed to stay in the bond markets. Somebody has ironically suggested that markets’ best hope might be a cut in government spending deep enough to kill job growth and indefinitely extend QE, something that nobody else would agree with. Instead, markets would be happy with a bit of positive news today followed by another bit of negative news tomorrow. Unfortunately for the markets, profits will start showing stagnation starting with first quarter results. Federal Reserve said in September 2012, when QE3 was announced, that it would start pumping $40 billion a month to purchase agency mortgage-backed securities (MBS) until the labor market improves substantially. When will the Fed determine that the job market has made enough progress to reduce stimulus? The numbers for February will prove paramount in this regard. As these two important factors converge in a nightmarish scenario, equities markets should beware of the ensuing correction, coming as early as in the second quarter.”

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.

High-Frequency Trading Leaders Forum 2013 (http://www.high-frequency-trading-conference.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 sending an email to info@goldennetworking.net.

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Julia Petrova
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Golden Networking
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