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 (January 16, 2013) -- Mr. Hirander Misra,
Chairman of Forum Trading Solutions, will call for stricter exchange
controls in the wake of "flash crash" events 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:
-
Professor Alex Preda, Professor of Accounting, Accountability and
Financial Management, King's College
-
Mr. Chris Skinner, Chairman, Financial Services Club
-
Mr. Edgar Perez, Author, The Speed Traders
-
Ms. Izabella Kaminska, Blogger, FT Alphaville
-
Dr. Magrino Bini, Statistical Arbitrage Portfolio Manager, Millennium
Partners
-
Professor Oliver Linton, Chair of Political Economy, Cambridge
University
-
Mr. Philip Stafford, FT Trading Room Deputy Editor, Financial Times
-
Mr. Philippe Guillot, Executive Director of the Markets Division,
Autorité des Marchés Financiers (AMF)
-
Mr. Sam Tyfield, Partner, Katten Muchin Rosenman UK LLP
-
Professor Walter Distaso, Professor of Financial Econometrics,
Imperial College London
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.
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
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