Edgar
Perez, the author of "The Speed Traders: An Insider's Look at
the New High-Frequency Trading Phenomenon That Is Transforming the
Investing World" and 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?,"
featured in The New York Times' Room for Debate, with "Don't Ban
the Trades; Regulate Them in Real Time".
New
York City, NY, USA (August 7, 2012) -- Edgar Perez, author of The
Speed Traders, and former McKinsey & Co.
consultant and New York University Adjunct Professor, was featured in
The New York Times' Room for Debate opinion page on How
to Regulate High-Frequency Trading, alongside other
recognized experts on the subjects of speed trading and regulation.
Perez is currently presenting The
Speed Traders Workshop 2012, How High Frequency
Traders Leverage Profitable Strategies to Find Alpha in Equities,
Options, Futures and FX (The Speed Traders Workshop 2012), in a
number of cities around the world, including Moscow, Shanghai,
Jakarta, Kuala Lumpur, Singapore, Ho Chi Minh, New York, Chicago,
Dubai and London.
In
his article, "Don't Ban the Trades; Regulate Them in Real Time",
Perez argued that wrongdoing in financial markets has existed long
before the advent of high-frequency trading, and it would always be a
part of markets. High-frequency trading is simply a tool, he said; it
can be positive or negative for investors and markets. To maximize
the benefit and minimize the downsides, regulators need to catch up
with the technology.
"High-frequency
trading has been under a microscope since the
infamous 'flash crash' in 2010. Let’s remember, though: The market
rebounded that day almost as fast as it fell, and regulators
ultimately determined that the crash was initiated by human error.
But many in the financial sector and in government were uncomfortable
at the thought that high-frequency trading programs could vaporize
huge amounts of equity in a matter of minutes."
Perez
concluded that real-time policing for potential malfeasance was the
most efficient way to regulate high-frequency trading. Analysis of
real-time data would provide for effective regulation of these
trades. This in turn would provide peace of mind for market
participants big and small.
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), in Mandarin by China Financial
Publishing House (2012) and currently being translated into Bahasa
Indonesia and Portuguese, and 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?. He 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,
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.
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 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.
Mr.
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, Mr. 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).
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
IngenierÃa, 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 Coordinator
The
Speed Traders
516-761-4712
