Edgar
Perez, Author, The Speed Traders, and Course Director, The Speed
Traders Workshop, 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, NY, USA (December 26, 2013) -- Knightmare on Wall Street,
The Rise and Fall of Knight Capital and the Biggest Risk for
Financial Markets, the new book by Edgar Perez, former McKinsey
consultant and author of The Speed Traders, is now the most favorably
reviewed hardcover book on Amazon in 2013, with an average rating of
5 out of five stars. Knightmare on Wall Street provides a fascinating
account of what it took to elevate Knight Capital 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. Readers discover a
thrilling minute-by-minute account of the terrifying hours following
Knight Capital's August 1, 2012 trading debacle, with news-breaking
research regarding the firm's 17 years of tumultuous existence as an
independent company.
As
commented by Seeking Alpha, the style of the author of Knightmare on
Wall Street (http://www.KnightmareonWallStreet.com)
is imaginative, and keeps the reader's interest alive throughout the
book. It will surely be interesting and useful, particularly for
those who follow or are interested in the world of finance. I think
the book is a great read, and would recommend it.
Knight
Capital, the firm founded by Kenneth Pasternak and Walter Raquet back
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. 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.
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, 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 China's
International Finance News and Sina Finance and The New York Times.
Mr.
Perez has been interviewed on CNBC's Squawk on the Street, Worldwide
Exchange, Cash Flow and Squawk Box, FOX BUSINESS's Countdown to the
Closing Bell and After the Bell, Bloomberg TV's Market Makers, CNN en
Español's Dinero, Sina Finance, BNN's Business Day, CCTV China,
Bankier.pl, TheStreet.com, Leaderonomics, GPW Media, Channel
NewsAsia's Business Tonight and Cents & Sensibilities. In
addition, Mr. 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.
Mr.
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, Mr. Perez has spoken at a number
of global conferences, includingInside Market Data 2013 (Chicago),
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).
Mr.
Perez was a vice president at Citigroup, a senior consultant at IBM,
and a strategy consultant at McKinsey & Co., the American global
management consulting firm that focuses on solving issues of concern
to senior management; the firm serves as an adviser to businesses,
governments, and institutions around the world. McKinsey is widely
considered to be the most prestigious management consulting firm in
the world, with over 100 offices in 60 countries.
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 Coordinator
Knightmare
on Wall Street
+1-414-FORUMS0
