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 (March 18, 2013)
-- Mr. Hirander Misra, Chairman of Forum Trading Solutions, will
speak 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.
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:
-
Low Latency: How to achieve Ultra-Low Latency for High-Frequency
Trading? As high-frequency trading moves towards multi-asset
classes running multi-legged strategies demanding even faster
execution, ultra-low latency performance becomes the focus. How will
architectures evolve to meet the latency challenge? How helpful
overclocking CPUs and leveraging FPGA coprocessors can result? How
will wireless, cloud and big data technologies play in the speed
race? How technology can enable modern applications to minimize
latency while managing for high throughput?
-
Emerging Markets: How will Emerging Markets from Brazil to China
Affect the Scope of High-frequency Trading? With emerging markets
on the rise, high frequency trading and algorithmic trading are
shifting to geographies in Asia, Eastern Europe and Latin America.
Which markets hold the most promise? Which asset classes can be
traded in high-frequency in those markets? Are there restrictions to
frequency and speed in place in any of those promising lands? What is
the outlook for high-frequency trading among regulators in those
markets?
-
Robotic Markets: As High-frequency Trading Embraces Robotic Markets
Worldwide, how Participants will be Able to Find new Opportunities to
Sustain Alpha Creation? Algorithms are becoming more prevalent,
faster, smarter, more self-adaptive and geographically distributed
and embracing cross asset classes trading and geographies. How will
robotic market impact trading, and high-frequency trading in
particular? What will be the benefits quants can expect from this
evolution? Will there be any disadvantages? New alpha versus alpha
retention?
-
Regulatory Impact: With High-frequency Trading in the Spotlight, how
new Regulations will Change the Industry? With high-frequency
trading the subject of great controversy and debate, many regulations
will be bound to change. How will regulations impact the way traders
are capturing alpha? Would there be restrictions that can possibly
harm algorithmic trading? How the economic and political landscape
might impact the pace and severity of these changes?
-
The Future of HFT: How High-frequency Trading will Evolve in
Ever-changing Technology and Regulatory Environments? There has
been a dramatic shift in how instruments are traded in the market.
With high frequency trading able to detect price discrepancies in
microseconds, aided by technology, regulators have grown increasingly
concerned about its impact in market structure and fairness. What is
the outlook for the markets when all participants engage in the arms
race of super smart algorithms? Where will institutional and retail
investors find opportunities? Conversely, could we imagine a world
without high-frequency trading?
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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