Tag Archives: low-latency

The High-Frequency Trading Conference Every Trader and Quant in London is Talking About, December 5

November 7, 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 7, 2013) — Which is the high-frequency trading conference every trader and quant in London is talking about? 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 one of the world’s financial capitals, London, on December 5.

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.

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 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

Business

Chicago University Professor, Yuri Balasanov, Speaker at High-Frequency Trading Leaders Forum 2013

October 4, 2013 staronepr Leave a comment

Building off of the momentum of past conferences, Golden Networking brings back High-Frequency Trading Leaders Forum 2013 Chicago, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, October 8, at UBS Conference Center.

New York City, NY, USA (October 4, 2013) — Mr. Yuri Balasanov, Professor of Financial Mathematics at the University of Chicago, will be among other high-profile panelists at Golden Networking’s High-Frequency Trading Leaders Forum 2013 Chicago, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” (http://www.HFTLeadersForum.com), forum that will provide investors and speed traders on October 8 with the most up-to-date review of where this ever-changing industry stands through an inspiring keynote speeches and thought-provoking panels with leaders in the field.

Mr. Balasanov was recently Head of Trading Research at Toji Trading Group. He serves as Faculty at The Stevanovich Center for Financial Mathematics and Program on Financial Mathematics at the University of Chicago. Research Software International has provided consulting services for the financial industry for more than 20 years. The Stevanovich Center for Financial Mathematics of the University of Chicago advances the understanding of the increasingly complex world of financial markets by integrating mathematics, statistics, and economics.

Mr. Balasanov has worked in the financial industry since 1991. He has been teaching Financial Mathematics at the University of Chicago since 1997. Mr. Balasanov has served as a leading quantitative researcher at Chicago Research and Trading, Bank of America, and Ritchie Capital Management. He has more than 10 years of experience as a quantitative trader and risk manager. He has held the positions of chief investment officer at Lotsoff Capital Management and AQ Strategies.

Prior to becoming an industry practitioner, Mr. Balasanov taught at the Moscow State University, Russia, where he also received his Master’s degree in Applied Mathematics and Ph. D. in Probability and Statistics.

High-Frequency Trading Leaders Forum 2013 Chicago 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 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

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 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).

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

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.

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 info@goldennetworking.net.

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

Business

Chi-X Co-Founder, Hirander Misra, to Speak at High-Frequency Trading Leaders Forum 2013 London

March 18, 2013 staronepr Leave a comment

Golden Networking brings the World’s Most Influential High-Frequency Trading Conference Series, High-Frequency Trading Leaders Forum 2013 London, March 21 (www.High-Frequency-Trading.info).

New York City, NY, USA (March 18, 2013) — Mr. Hirander Misra, Chairman of Forum Trading Solutions, will speak at Golden Networking‘s upcoming High-Frequency Trading Leaders Forum 2013 London, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, March 21, forum that will provide attendees in London with the most up-to-date review of where this ever-changing industry stands through an inspiring keynote speeches and thought-provoking panels with leaders in the field.

Mr. Hirander is the Chairman of trading technology provider Forum Trading Solutions and Managing Director of Misra Ventures, a consultancy providing specialist senior level advisory services helping firms deliver change in market structure, trading and regulatory compliance.

Previously he was a Co-Founder and the Chief Operating Officer of Chi-X Europe Ltd, instrumental in taking the company from concept to successful launch. Established in 2007 by Nomura Holdings subsidiary Instinet, Chi-X Europe was eventually owned by a consortium of major global financial institutions including BNP Paribas, Citadel, Citigroup, Credit Suisse, Fortis, GETCO Europe Ltd, Goldman Sachs, Merrill Lynch, Morgan Stanley, Optiver, Société Générale and UBS. When it launched, Chi-X Europe was the first multilateral trading facility that launched in anticipation of the European Union’s November 2007 Markets in Financial Instruments Directive (MiFID), which paved the way for the introduction of alternative trading venues in Europe. At the time of Mr. Hirander’s departure in February 2010, Chi-X Europe was the second largest equities trading venue in Europe, just behind the LSE Group and was subsequently sold to BATS Global Markets in November 2011 for $365M.

Earlier in his career, Mr. Hirander held a variety of roles in the electronic trading space during his 8 year tenure with Instinet, most notably SVP Head of Product Development and Head of the European Exchange Linkages Group, delivering Instinet, Europe’s direct exchange connectivity product suite, and launching the first European Smart Order Routing system.

Mr. Hirander has continuously urged for stronger exchange-level controls to halt trading in India to avoid a repeat of the crash that occurred on the National Stock Exchange (NSE) in October 2012. “Algo trading and HFT isn’t inherently bad. It’s not the volume of orders that’s the problem, it’s about having the right level of monitoring and controls in the core system. Any well-designed modern system with the right checks in place should be able to handle high volumes and unexpected market events.” The India flash crash drew parallels to the 2010 US flash crash that saw the Dow Jones Industrial Average to plunge by 9% within five minutes, due to an unconstrained algo trade deployed by a mutual fund, only to recover the majority of losses 20 minutes later.

High-Frequency Trading Leaders Forum 2013, “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, every time more attuned to the use of bots, the regulatory environment, how new technologies are changing the game, including a look at the upcoming regulatory changes that no doubt will be precipitated by Knight Capital’s trading glitch:

– Low Latency: How to achieve Ultra-Low Latency for High-Frequency Trading? As high-frequency trading 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?

– Emerging Markets: How will Emerging Markets from Brazil to China Affect the Scope of High-frequency Trading? With emerging markets on the rise, high frequency trading and algorithmic trading are shifting to geographies in Asia, Eastern Europe and Latin America. Which markets hold the most promise? Which asset classes can be traded in high-frequency in those markets? Are there restrictions to frequency and speed in place in any of those promising lands? What is the outlook for high-frequency trading among regulators in those markets?

– Robotic Markets: As High-frequency Trading Embraces Robotic Markets Worldwide, how Participants will be Able to Find new Opportunities to Sustain Alpha Creation? Algorithms are becoming more prevalent, faster, smarter, more self-adaptive and geographically distributed and embracing cross asset classes trading and geographies. How will robotic market impact trading, and high-frequency trading in particular? What will be the benefits quants can expect from this evolution? Will there be any disadvantages? New alpha versus alpha retention?

– Regulatory Impact: With High-frequency Trading in the Spotlight, how new Regulations will Change the Industry? 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?

– The Future of HFT: How High-frequency Trading will Evolve in Ever-changing Technology and Regulatory Environments? 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.info) 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.

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

Business

The High-Frequency Trading Conference Every Trader and Quant in London is Talking About Now March 21

March 15, 2013 staronepr Leave a comment

New York City, NY, USA (March 15, 2013) — Which is the high-frequency trading conference every trader and quant in London is talking about? 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). Later in the year, High-Frequency Trading Leaders Forum 2013 is coming to New York City (May 30) and Chicago (October 8).

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.

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

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

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

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.

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

Edgar Perez, High-Frequency Trading Leaders Forum 2013 London Debunks Yuri Milner’s Wishful Thinking

March 11, 2013 staronepr Leave a comment

New York City, NY, USA (March 9, 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, gives Facebook, Wikipedia and Google’s dominant positions only ten years, before new entrants steal their crowns and establish new ways to do business.

In an interview at the South by Southwest Interactive conference in Austin, Texas, Yuri Milner, the Russian investor whose early bet on Mark Zuckerberg’s firm made him a billionaire, had said companies like Facebook, Google and Wikipedia would still exist a century from now because their services gain momentum the more people use them. “All three have amazing network effects,” said Milner, the co-founder and chief executive officer of DST. “Chances are that those are long survivors.”

Milner has long believed that the internet would develop into a “global brain”, which is often described as an intelligent network of individuals and machines, functioning as a nervous system for the planet Earth. He also has envisaged that the advent of the Internet of things and ever increasing use of social media and participatory systems such as Twitter, Facebook, and Wikipedia would increase our collective intelligence.

Richard Foster, the Creative Destruction author referred by Forbes as The Wizard of Innovation and speaker at China Leaders Forum, was in the 80s in a search for “the excellent company”, the all-seeing, all-knowing, all-wise company that made all the right moves in advance, and that made more money for its shareholders than any of its competitors. This was the permanent outperformer stock, the really good deal, he said. Foster looked at 4,000 companies over 40 years; he concluded there was no such company, and there never had been such a company! No company had been able to outperform the market for any substantial length of time. (GE once came as close as any, but didn’t do any better than the overall market index, Foster reflects). Somehow the market, managed by nobody in particular, was performing better than all the brains on the planet.

Why is it that no company can outperform the markets for a long time? Foster thinks there are several reasons, but the most important is something called legacy cost. All companies have legacy costs, which are created the moment a company makes a commitment of time or resources to a particular course of action. And when a company is challenged to do something new, to take a new course of action, it has a hard time abandoning its legacy costs. Companies argue that the incremental cost of making a slight improvement to an existing product or service is much better than the full cost of developing something new from scratch. In doing so, the company attempts to optimize between the old and the new. This takes the decision making power away from the customer, and it’s a bad direction to go in. Markets, however, just charge on ahead with the new, because new entrants don’t have any legacy costs to deal with, says Mr. Perez.

Just last week, Facebook’s new News Feed made some welcome cosmetic changes. But it didn’t go very far in addressing the social network’s deeper issues. Fortune’s Kevin Kelleher talks about the vulnerabilities Facebook is facing since it went public. Facebook is facing more powerful competitors and two important yet sometimes contradictory mandates, to create a service that will engage its users, and to make money that will satisfy investors; Facebook’s presentation played down those facts. How intrusive these ads strike users will depends on the algorithms Facebook designs to insert them in feeds.

So while Facebook’s new news feed makes some cosmetic fixes that users are likely to welcome in time, they don’t go very far in addressing rising competition from newer social networks and the uneasy balancing act between users and advertisers. Those are the legacy costs Foster refers too, which new entrants that will grow into becoming new leaders never face. Legacy costs never stopped Wikipedia and Google from dethroning leading institutions called Britannic Encyclopedia and Yahoo!

For Mr. Perez, to think that new companies will take a century to remove Facebook, Wikipedia or Google from their leadership positions is no more than wishful thinking; these firms have at most 10 years to milk their cows and make the big decision: change or die. While Milner appears not to have a vested interest in Wikipedia or Google, he might as well start cashing in on his already wildly profitable Facebook bet. Somebody in some garage is already building a better mousetrap, Mr. Perez concludes.

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.

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.

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.

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

Business

Rock Stars Traders and Quants to be Announced for High-Frequency Trading Leaders Forum 2012 in New York, Chicago and London

September 4, 2012 staronepr Leave a comment

Building off of the momentum of past conferences, Golden Networking brings back High Frequency Trading Leaders Forum 2012, “How Knight Capital’s ‘Knightmare on Wall Street’ Could Transform the Regulatory Landscape and Impact Investors, Speed Traders and Brokers”, now in New York, Chicago and London (www.High-Frequency-Trading-Conference.com).

New York City, NY, USA (September 4, 2012) — The list of rock stars quants and traders coming to speak at Golden Networking’s High Frequency Trading Leaders Forum 2012, “How Knight Capital’s ‘Knightmare on Wall Street’ Could Transform the Regulatory Landscape and Impact Investors, Speed Traders and Brokers” (http://www.High-Frequency-Trading-Conference.com), in New York, (September 25), Chicago (October 9) and London (December 12), will be announced this week by Golden Networking, organizer of some of the most influential conferences in the financial services industry.

August 1st, 2012, marks the day when electronic trading powerhouse Knight Capital’s trading algorithms went berserk and nearly bankrupted the company. In the weeks following the incident, global reactions were swift and harsh, with some pundits calling for more regulatory oversight with others insisting that the market will sort this out by itself. However, even the most steadfast electronic market structure supporters admit that something needs to be done.

“How Knight Capital’s ‘Knightmare on Wall Street’ Could Transform the Regulatory Landscape and Impact Investors, Speed Traders and Brokers” is exactly the theme of High-Frequency Trading Leaders Forum 2012 (http://www.HFTLeadersForum.com), forum that will provide attendees in New York, Chicago and London with the most up-to-date review of where this ever-changing industry stands through insightful keynote speeches and thought-provoking panels.

High Frequency Trading Leaders Forum 2012, How Knight Capital’s ‘Knightmare on Wall Street’ Could Transform the Regulatory Landscape and Impact Investors, Speed Traders and Brokers”, will provide attendees in New York, Chicago and London with the most up-to-date review of where this ever-changing industry stands and how new technology and regulatory developments will impact it. Recognized experts, regulators, and strategists, will return to High-Frequency Trading Leaders Forum 2012 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

With insightful keynote speeches and highly regarded panels, everybody involved in high-frequency trading will gain inside knowledge about the latest technologies that can drastically optimize HFT infrastructures and take a first look at upcoming regulations that could radically change the HFT firms’ business model. Topics that will be discussed at High Frequency Trading Leaders Forum 2012 include the movement toward emerging markets, every time more attuned to the use of bots, the regulatory environment, how new technologies are changing the game, including FPGA applications, and a look at the upcoming regulatory changes that will definitely impact how speed traders capture alpha.

High Frequency Trading Leaders Forum 2012 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.

Media Contact:
Sangeeta Nandi
Media Relations Coordinator
Golden Networking
516-761-4712
snandi@goldennetworking.net
http://www.goldennetworking.net