Edgar
Perez, Author, The Speed Traders, and Course Director, The Speed
Traders Workshop 2012, Proudly 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 City, NY, USA (August 23, 2013) -- Bloomberg TV's anchors of
its flagship show Market Makers, Stephanie Ruhle and Erik Shatzker,
talked to Edgar Perez, the celebrated author of The Speed Traders
(http://www.TheSpeedTraders.com)
and Knightmare on Wall Street, The Rise and Fall of Knight Capital
and the Biggest Risk for Financial Markets
(http://www.KnightmareonWallStreet.com),
on the perceived dangers of high-frequency trading. The full
interview can be accessed at
http://www.bloomberg.com/video/searching-for-a-high-frequency-speed-limit-Y_P3wbjSSvyly15~So02yw.html.
The
interview with Perez touched upon Knight Capital's unprecedented
number of erroneous orders into the market sent on August 1, 2012,
due to an error in installing new software. Knight Capital announced
later a staggering loss of $440 million. What followed after this
shocking announcement were several rounds of desperate conversations
with a number of vulture players who had smelled opportunity and were
readying themselves to pick up bargain-priced pieces. On August 6,
2012, Joyce confirmed that Knight Capital had struck a deal with
Jefferies, TD Ameritrade, Blackstone, GETCO, Stephens, and Stifel
Financial, staving off collapse days after the trading mishap. While
Knight Capital was back in the game, its limping recovery quickly
prompted hungry competitors to bid for the entire company. 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.
Perez
(http://www.MrEdgarPerez.com)
is widely regarded as the preeminent global expert in the specialized
area of high-frequency trading. Perez has been interviewed on FOX
Business's Countdown to the Closing Bell, CNBC Worlwide Exchange,
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, 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.
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, Perez has spoken at a number of
global conferences, including 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).
Perez
was a vice president at Citigroup, a senior consultant at IBM, and a
strategy consultant at McKinsey & Co. in New York City. 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.
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
516-761-4712
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