Tag Archives: wall street

Business

Global HFT Expert Edgar Perez Presents Definitive Knight Capital Story, Knightmare on Wall Street

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Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop 2012, Proudly Introduces Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, a Behind-the-scenes Look at Knight Capital’s 17 years of Tumultuous Existence as an Independent Company.

New York City, NY, USA (August 2, 2013) — Edgar Perez, the celebrated author of The Speed Traders (http://www.TheSpeedTraders.com) and global speaker on the topics of high-frequency trading (HFT) and investing, introduces Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, a fascinating account of what it took to elevate Knight Capital (now acquired by GETCO and renamed KCG Holdings) to the cusp of the retail investing revolution of the late 1990s to end up ultimately being ignominiously bought up by a competitor. Knightmare on Wall Street is now exclusively available at http://www.KnightmareonWallStreet.com.

Perez (http://www.MrEdgarPerez.com) 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, 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). He contributes to The New York Times and China’s International Finance News and Sina Finance.

Perez has been interviewed on CNBC Worlwide Exchange, 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.

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.

Media Contact:
Julia Petrova
Media Relations Coordinator
Knightmare on Wall Street
516-761-4712
info@knightmareonwallstreet.com
http://www.knightmareonwallstreet.com

Business

Edgar Perez’s Latest Thriller, Knightmare on Wall Street, Rise and Fall of Knight Capital, Out Now

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Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop 2012, Proudly Introduces Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, a Behind-the-scenes Look at Knight Capital’s 17 years of Tumultuous Existence as an Independent Company.

New York City, NY, USA (August 2, 2013) — Edgar Perez, the celebrated author of The Speed Traders (http://www.TheSpeedTraders.com) and global speaker on the topics of high-frequency trading (HFT) and investing, introduces Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, a fascinating account of what it took to elevate Knight Capital (now acquired by GETCO and renamed KCG Holdings) to the cusp of the retail investing revolution of the late 1990s, to struggle through booms and busts, and to bring the firm down, to end up ultimately being ignominiously bought up by a competitor. Knightmare on Wall Street is now exclusively available at http://www.KnightmareonWallStreet.com.

The firm, founded by Kenneth Pasternak and Walter Raquet in 1995, had seen its fortunes change as U.S. regulators made a series of changes in the structure of financial markets and computers were progressively expanding their share of trading. The Flash Crash, the infamous 1,000 point drop of the DJIA on May 6, 2010 (the largest one-day point decline in history), illustrated how market structure problems could almost instantaneously cascade from one market participant to the rest.

Thomas Joyce, CEO of Knight Capital since 2002 and an unapologetic advocate of electronic trading, had been scornful of those companies that struggled to keep up with ever-changing stock markets. So it was certainly shocking that at 9:30 A.M. on August 1, 2012, right after the markets opened for the day, Knight Capital began issuing an unprecedented number of erroneous orders into the market, due to an error in installing new software. No rogue trader or regulatory change; operational risk was passing the bill to Knight Capital and becoming the biggest risk in the financial markets.

Knight Capital announced later a staggering loss of $440 million. What followed after this shocking announcement were several rounds of desperate conversations with a number of vulture players who had smelled opportunity and were readying themselves to pick up bargain-priced pieces. On August 6, 2012, Joyce confirmed that Knight Capital had struck a deal with Jefferies, TD Ameritrade, Blackstone, GETCO, Stephens, and Stifel Financial, staving off collapse days after the trading mishap.

While Knight Capital was back in the game, its limping recovery quickly prompted hungry competitors to bid for the entire company. On December 19, 2012, the board decided to accept an acquisition proposal from GETCO rather than Virtu Financial. For GETCO, acquiring Knight Capital represented a gigantic fast forward step. For Knight Capital, it was the end of its wild ride as an independent entity, told from beginning to end by Knightmare on Wall Street.

Perez (http://www.MrEdgarPerez.com) 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, 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). He contributes to The New York Times and China’s International Finance News and Sina Finance.

Media Contact:
Julia Petrova
Media Relations Coordinator
Knightmare on Wall Street
516-761-4712
info@knightmareonwallstreet.com
http://www.knightmareonwallstreet.com

Financial, Government, Society

Pinstripes For Banksters And Justice For All. It’s Only Right.

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Peaceful restoration of our freedoms and justice for all is what all of us want. Over two hundred years ago when we fought against tyranny for our independence, many lives were lost, some of those were innocent people but in that instance it was necessary, today we hope that our govenrmnet comes to it’s senses and realizes that they can’t and mustn’t favor one class of people over others and justice should be doled out equally to all if a law has been broken-we must not just tolerate crime and look the other way for certain people.

Turn off the TV, don’t let them divert your attention any longer, wake up because your freedoms are slowly and surely being stripped from you. It won’t be long before they knock on the door to your home, they tell you to surrender your guns and issue a decree that you are no longer authorized to protest in any way against the government. This will also include postings online, speech and that your opinions and dissent must be kept to yourself or you will be imprisoned for inciting violence against the government or should I say, the monarchy.

The banks and the government created this financial mess but the citizens, taxpayers and homeowners have had to take the brunt of it and it’s now weighing so much on our shoulders that we can’t tolerate in any further. Stop the insanity now, these people have the misconception that they are Gods, perfect in every way and they put it across to all of us in an arrogant and belittling way. All of us deserve better, we deserve a media that reports the truth, not what the government authorizes or we aren’t any better than Venezuela, where Hugo Chaves controls the media in every way and tries to keep the people uninformed and preoccupied with news and reports of a mundane nature so no one will catch on that he’s fattening his vault just as the leaders of all of the countries in the Middle East that have fallen already to the uprising of the people. If you recall when you read the bible last that Jesus only got angry with one group of people-they were the moneychangers and he cast them out, this is what we must do without hesitation.

The people of this country fought the second World War and defeated two dictatorships that wanted to control the world, but the U.S. men and women of that generation got the job done, everyone worked together, over 20 million men joined the armed forces, while the women took their places in the factories and that’s how it’s done. A peaceful resolution is what we all want but we must leave all options on the table as the government and the banks have already bought the police and they will be utilizing the returning troops to stand guard over all of us but we have hopes that they would not shoot us down like dogs as they may be killing their own loved ones, friends and co-workers at the behest of the real animals that are threatening the values, democracy and economic structure of this country.

If we are going to restore the freedoms and stop the fraudulent bankers from pilfering and betting on our economy and threatening our futures than we deserve what we get, otherwise, let’s get together and demand a stop to his treachery and debauchery orchestrated and implemented by Washington D.C. and Wall Street elitists. Their plan is simple, financial destruction of the multitudes.

Justice for all, no exceptions and If the bankers commit fraud, they must be treated as any other citizen no matter what, including prison sentences if the crime is serious enough to warrant it.

Contact Details: John Reid (203)745-1251 Calls taken 7 days 9 a.m. to 3 p.m.

Your suggestions as to how to properly approach this problem and solve it for the better interest of the masses-not the few.

 

Business

New Book by The Speed Traders Edgar Perez to Cure Investors Knightmare on Wall Street

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Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop 2012 (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai, Jakarta, London, Mexico City, Moscow, Ho Chi Minh, New York, Dubai and Chicago) to Bring New Book that will Cure Investors’ “Knightmare on Wall Street”.

New York City, NY, USA (August 13, 2012) — Edgar Perez, author of The Speed Traders and global speaker on the topics of high-frequency trading and investing, is back at work with the forthcoming Knightmare on Wall Street: Do Facebook’s Botched IPO and Knight Capital’s Technology Error Mark the Beginning of the End of Equities Investing? (http://www.KnightmareonWallStreet.com).

Knightmare on Wall Street will provide a comprehensive look at current market structure, including the earth-shaking reforms that were brought by the SEC in the equities world. It will begin by looking at the traditional model that was dominated by the New York Stock Exchange, the SEC’s effort to create an advanced national market system to ensure that orders get the best available pricing and the emergence of alternative trading systems and dark pools. After a detailed explanation of headline-grabbing incidents, starting with the Flash Crash, the Pipeline Trading’ SEC investigation, the failed BATS IPO, the botched Facebook IPO and, ultimately, what has been called, the “Knightmare on Wall Street”, involving Knight Capital’s trading system malfunction.

The reader of Knightmare on Wall Street will come away with a thorough understanding of the history of market structure in the U.S. equities world and the contrasting viewpoints about the impact of regulation and technology, and why the author believes that the sky is not falling, and we are instead experimenting the initial hiccups of what will be a new era of investing and trading in the U.S. that will be adopted around the world.

Reviews for Perez’s first title, The Speed Traders, which was published in English by McGraw-Hill Inc. and in Mandarin by China Financial Publishing House, were overwhelmingly positive. “The Speed Traders, written by Edgar Perez, offers cutting-edge intelligence on the relatively concealed industry of High-Frequency Trading. The substantial foundation of HFT is laid out and combined with thorough interviews to make sense of the complicated technicalities in HFT. Perez gives the whole picture by critically defining HFT, charting its inconspicuous emanation into the securities market, breaking down the flash crash of 2010, forecasting the indisputable role that HFT will play in the financial world, and perhaps most importantly, walking the reader through 6 different evaluations with actual high frequency traders.”

“The interviews were the most valuable asset in making this industry understandable. The first person narrative is key because it’s easy to comprehend and relatively scarce in current literature for many reasons, two of which are that traders are reluctant to disclose strategies on generating alpha and the barriers of entry to the HFT industry are so high that there is only a limited amount of traders that actually know what they are talking about. Readers searching for break-through information on HFT have met their match because The Speed Traders is in a class of its own. Its exceptionally designed equilibrium between fleshed-out mentorship and historical HFT knowledge delivers core comprehension of a challenging topic.”

Perez is widely regarded as the preeminent global expert in the specialized area of high-frequency trading. 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, http://www.TheSpeedTradersWorkshop.com, (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai, Jakarta, London, Mexico City, Moscow, Ho Chi Minh, New York, Dubai and Chicago), and was Adjunct Professor at the Polytechnic Institute of New York University, where he taught Algorithmic Trading and High-Frequency Finance. He contributes regularly to China’s International Finance News.

Perez has been interviewed on CNBC Cash Flow, CNBC Squawk Box, BNN Business Day, CCTV China, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media, Channel NewsAsia Business Tonight and Cents & Sensibilities. In addition, Perez has been featured on Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, ifeng.com, International Finance News, hexun.com, Finance.QQ.com, Finance.Sina.com, The Korea Times, The Korea Herald, The Star, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and Business Times.

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

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

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