The Speed Traders' Edgar Perez to CNBC's Oriel Morrison, Criticism of High-Frequency Trading Phenomenon Unfair

Edgar Perez, Author of The Speed Traders: An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, Published by McGraw-Hill Inc, Interviewed Today by CNBC Cash Flow’s Oriel Morrison.

(June 27, 2011, New York) -- Edgar Perez, Author, The Speed Traders: An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, explained in detail the role high-frequency trading has been playing in the equity markets to CNBC Cash Flow’s Oriel Morrison; the interview is available on CNBC’s website at High-frequency trading, in which computers may buy and sell thousands of shares in fractions of a second, had come under criticism after the Dow Jones Industrial Average lost almost 1,000 points intraday on May 6, 2010, before recovering just as quickly.

The Speed Traders' Edgar Perez to CNBC's Oriel Morrison, Criticism of High-Frequency Trading Phenomenon Unfair

Mr. Perez described high-frequency trading as the natural progression of technology applied to the investing and trading worlds. In the process, high-frequency trading has certainly unmasked structural issues in the U.S. equity markets that are currently being examined by legislators and regulators in an effort to further strengthen financial markets. He indicated that, on balance, the impact of high-frequency trading is positive for all other market participants thanks to the increased liquidity it provides to retail and institutional investors.

High-frequency traders replace traditional specialists in providing liquidity in a much more competitive frame work. Liquid and efficient capital markets are extremely important for economic development. While some feel that high-frequency traders spending millions of dollars on infrastructure to be a few microseconds faster than the other guy, is somehow, from a social perspective, not money "well spent", it can be argued that this is just the way that competitive markets find equilibrium.

As expressed by Stuart Theakston, Head of Quantitative Research and Automated Trading with GLC and one of the practitioners featured in The Speed Traders, high-frequency trading has all the attributes required to make a perfect scapegoat:

- It is hard to understand, or at least, it takes a bit of effort to understand (even professional long-only institutional investors have difficulty understanding it)
- It is fairly exclusive, as the firms involved, either have no incentive to talk about what they do (because they are proprietary trading firms and don't need to attract external capital), or are not allowed to (because they are hedge funds and have regulatory constraints on marketing themselves)
- It employs individual participants having very high levels of academic qualifications, mostly PhDs
- It has some large dollar numbers associated with it (though more in terms of turnover than profitability, as further detailed in The Speed Traders)
- It has lots of terminology associated with it that sounds geeky and confusing to the uninitiated: ‘microsecond’, ‘co-location’, ‘momentum ignition’, ‘temporal arbitrage’ etc.
- Some intelligent, well informed and eminently quotable people are railing against it (Mario Gabelli, Paul Wilmott, Richard Bookstaber, among others)
- It is prone to occasionally be a contributory factor (or, in fact, its switching off was a contributory factor) to events perceivable by the public, like the "flash-crash"

The Speed Traders,, published by McGraw-Hill Inc., is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access. The Speed Traders explains everything there is to know about how today's high-frequency traders make millions-one cent at a time.”

Mr. Perez is widely regarded as the pre-eminent networker in the specialized area of high-frequency trading. He is the founder of Golden Networking and host of High-Frequency Trading Happy Hour business receptions ( in New York City, which have drawn the world's top industry practitioners. He has been interviewed by CNBC,, Bloomberg and Channel NewsAsia, and engaged as speaker at Harvard Business School's 17th Annual Venture Capital & Private Equity Conference, Columbia Business School's Career Management Center and Alumni Club of New York, High-Frequency Trading Leaders Forum 2011 (New York, Hong Kong, Chicago, Sao Paulo, Singapore), CFA Singapore, and Hong Kong Securities Institute, among others prestigious forums.

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

Mr. Perez is one of the great business networkers and motivators on the lecture circuit; he is available worldwide for the following speaking engagements: Present and Future of High-Frequency Trading, The Real Story behind the "Flash Crash", Networking for Financial Executives, and Business Networking for Success.

Natalia Nuzhnova
Media Relations Coordinator
The Speed Traders

HIV Workshop Focuses on Curative Strategies

The 5th International Workshop on HIV Persistence is coming up at the end of the year, and anticipation in the HIV research community is increasing as the event draws closer.

Toulon, France, June 27, 2011 -- The 5th International Workshop on HIV Persistence is coming up at the end of the year, and anticipation in the HIV research community is increasing as the event draws closer. It'll be held in the West Indies this year. The location was chosen for its pleasant climate, but don't let the resorts and tropical breezes fool you. Some top quality HIV research will be disseminated at this event, and it's a tough ticket to acquire. Throughout the eight years of its existence, the Workshop on HIV Persistence has been a trend setter in research on the topic of HIV reservoirs, and why their role in finding a cure for HIV is so important.

During the workshop, seven major topics will be discussed: Basic Science & Animal Models of Viral Persistence; Cellular Biology & Reservoirs; Immunology & Reservoirs; Resistance & Reservoirs; Pharmacology, Compartments & Reservoirs; New Therapeutic Approaches; and Primary HIV Infection & Eradication Issues. Within each topic, a set of speakers will discuss their research with the group. Over the course of three days, researchers and physicians from around the world will come together and learn new ideas and innovative strategies for attacking HIV, in the hopes of one day finding a cure for the disease.

This workshop is not open to general public; in fact, there is only room for around 150 delegates. In order to attend the workshop, a prospective attendee must submit an application first. This limits the audience to only those who are truly interested in both attending and hearing what is going to be discussed at the workshop. The workshop may be taking place at a resort facility in a tropical setting, but it's nearly a 24/7 working holiday!

The 5th International Workshop is being held in St. Maarten, West Indies, from December 6-9, 2011. After an initial welcome meeting on December 6th, the workshop begins in earnest the following morning, continuing for the next three days. Some of the best minds in the HIV research field will be there, as will select policy makers who are involved in the HIV/AIDS field. The amount of new presentations on the subjects being discussed is very encouraging, and for the few people who do get to go, the information they learn will help them in their future research toward finding an HIV cure. Everyone who attends this workshop benefits in some way.

The workshop is supported by the NIH (National Institutes of Health) and the ANRS (French Agency for AIDS and Hepatitis Research).

For more information about the workshop, please visit to learn more.

Alain Lafeuillade
General Hospital
1208 Avenue Colonel Picot
Toulon, France

AAA Recommends Attending Alternative Investment Conference

Alternative Investment Analysis (AAA) is advising prospects thinking about investing in alternative assets to visit this year’s Alternative Investment Conference, which takes place in Chicago this Fall.

Boston, MA, USA, June 27, 2011 -- Alternative Investment Analysis (AAA) is urging anyone seeking refuge in alternative investments to visit this year’s Alternative Investment Conference, which takes place in Chicago this Fall.

Alternative Investment Analysis (AAA) is an organization that provides analysis and advocacy services for those interested in diversifying their portfolios with alternative investments. It is recommending that all interested parties attend the conference, which will also attract delegates from the fund management and investment banking industries.

The event is sponsored by Investment News and is the place to learn about the many different asset classes that can offer alternative investment opportunities as opposed to traditional investments such as equities, which are sometimes hit hard when the economy struggles.

Anthony Johnson of AAA stated, “This event really is a must-see for anyone looking to spread the risk in their investment portfolio and select an alternative asset class that with withstand even the toughest economic conditions.”

Mr Johnson recommends considering forestry as a lucrative and ethical option. Through investment firms like Greenwood Management, which runs plantations in developing countries like Brazil, more and more people now have the opportunity to buy a piece of forest land and make cash as their trees grow.

It’s a simply enough premise,” explained Johnson. “Trees grow - therefore, money invested in trees grows and owners can decide when they want to sell. If timber prices fall, they can simply hold off until the market picks up,” he added.

The Alternative Investment Conference, which takes place October 2 and 3 at the Westin Chicago North, will provide guidance on how alternative investments can complement and enhance existing asset management and investment strategies, which techniques are best for individual investors, and the pros and cons of various assets, investment structures and vehicles.

The event organizers said, "Attendees will enhance their ability to diversify clients' portfolios, mitigate risk and enhance overall performance through the use of alternatives."

Anthony Johnson
Alternative Asset Analysis
71 Commercial St
Boston, MA 02109-1320
Tel: 617-898-6317