Edgar
Perez, former McKinsey and IBM consultant, is a global expert, author
of The Speed Traders, Knightmare on Wall Street, and the course
director of The Speed Traders Workshop 2014 Singapore, "How
Banks, Hedge and Mutual Funds and Brokers Battle Markets 'RIGGED' by
Wall Street's 'Flash Boys', High-frequency Trading, Exchanges and
Dark Pools".
New
York, NY, USA (September 16, 2014) -- Wall Street's biggest
high-frequency trading spokespeople are taking more fire lately from
proactive regulators seeking to eliminate "abuses" in the
controversial HFT markets. For instance, one HFT group that executes
stock orders on high-speed platforms is trying to enlist experienced
Washington players to defend its practices in the corridors of power.
Regulators
are circling the wagons indeed. BATS Global Markets is said to be
nearing a regulatory settlement over allegations it unfairly favored
certain high-speed customers. This follows the abrupt departure last
month of its CEO, Bill O'Brien, of CNBC fame. At the same time, New
York Attorney General Eric Schneiderman and the SEC are pressing
forward as some of the biggest dark-pool operators, including Goldman
Sachs, Morgan Stanley, Credit Suisse and Barclays, are caught in the
crossfire.
According
to Mr. Edgar Perez, sophisticated regulation is necessary in Asia to
avoid controversies as the ones mentioned above. Mr. Perez is the
course director of The Speed Traders Workshop 2014 Singapore, "How
Banks, Hedge and Mutual Funds and Brokers Battle Markets 'RIGGED' by
Wall Street's 'Flash Boys', High-frequency Trading, Exchanges and
Dark Pools" (http://www.thespeedtradersworkshop.com).
This seminar covers the latest research currently available and
reveals how high-frequency trading players are operating in global
markets and driving the development of electronic trading at
breakneck speeds from the U.S. and Europe to Japan, India, and
Brazil. The "flash crash", the suspended BATS IPO, the
botched Facebook IPO, Knight Capital's trading malfunction and
Nasdaq's Flash Freeze are just a few of the milestones in the history
of high-frequency trading that will be dissected with participants.
Knightmare
on Wall Street, the fascinating story of Knight Capital put together
by course director Edgar Perez, was the most favorably reviewed
Kindle edition book on Amazon in 2013, with an average rating of 5
out of five stars. Knight Capital 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 notorious 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.
Mr.
Perez is widely regarded as the preeminent global expert and speaker
in the specialized areas of algorithmic and high-frequency trading.
He is also 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, Chinese and Bahasa Indonesia. He
contributes to The New York Times, UltraHighFrequencyTrading.com and
China's International Finance News and Sina Finance.
Media
Contact:
Julia
Petrova
Media
Relations Coordinator
Knightmare
on Wall Street
+1-414-FORUMS0
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