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 17, 2013) -- During the holidays you have
a lot going-a lot more than usual, anyway. The addition of travel,
family and year-end work quotas can make you feel like the stress is
piling on. What can business executives and professionals can do to
keep it all at bay? 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 celebrated author
of The Speed Traders, is now available in his website
http://www.MrEdgarPerez.com
with immediate shipping now available at
http://www.KnightmareonWallStreet.com.
Knightmare
on Wall Street provides a fascinating account of what it took to
elevate the firm 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 will 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.
At
9:30 A.M. on August 1, 2012, right after the markets opened for the
day, Knight Capital began issuing an unprecedented number of
erroneous orders into the market, 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.
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).
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.
Edgar
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, Edgar 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.
Media
Contact:
Julia
Petrova
Media
Relations Coordinator
Knightmare
on Wall Street
+1-414-FORUMS0
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