Golden
Networking brings Tech2Trade Expo 2013 (www.Tech2TradeExpo.com),
World's Most Influential Alternative Investments Conference Series,
including High Frequency Trading Leaders Forum 2013, "Strategic
and Tactical Insights for Investors, Speed Traders, Brokers and
Exchanges," New York City, London, Chicago, Singapore and
Frankfurt (www.High-Frequency-Trading-Conference.com).
New
York City, NY, USA (July 23, 2013) -- According to
SearchCompliance, the speed and complexity of software designed for
high-frequency stock trading propelled Knight Capital Group's success
in recent years, but those same properties drove the firm to the
brink of bankruptcy. When New York Stock Exchange trading opened the
morning of Aug. 1, 2012, a technology breakdown in Knight Capital's
newly installed trading software caused a deluge of erroneous stock
orders that severely disrupted the market. The new software had been
deployed the day before, the company said, and it took about half an
hour to halt the erroneous orders once the problem was discovered.
After
Knight Capital Group lost $440 million in about 45 minutes of trading
that day, regulators redoubled efforts to limit stock exchange
damages inflicted by faulty technology. Specifically, they launched a
review of the testing and control requirements needed to prevent
highly complicated and interconnected IT systems from causing market
upheaval when errors occur.
Lessons
to be after the Knight Capital incident are at the heart of the
keynote speech Edgar Perez, author of The Speed Traders and the
forthcoming Knightmare on Wall Street, will give to attendees at High
Frequency Trading Leaders Forum 2013 New York City
(http://www.HFTLeadersForum.com),
July 30th, part of Tech2Trade Expo 2013 New York City
(http://www.Tech2TradeExpo.com).
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 2012, 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) and was
Adjunct Professor at the Polytechnic Institute of New York
University, where he taught Algorithmic Trading and High-Frequency
Finance. He contributes to The New York Times and China’s
International Finance News and Sina Finance.
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.
Golden
Networking's High Frequency Trading Leaders Forum 2013 will examine
the speed trading industry from various angles, in an opened and
unbiased environment highly conducive to networking. Topics to be
discussed at High Frequency Trading Leaders Forum 2013 will include:
-
Low Latency: How can Ultra-Low Latency be Achieved for High-Frequency
Trading?
-
Emerging Markets: How will Emerging Markets from Brazil to China
Affect the Scope of High-frequency Trading?
-
Robotic Markets: As High-frequency Trading Embraces Robotic Markets
Worldwide, How Will Participants be Able to Find new Opportunities to
Sustain Alpha Creation?
-
Regulatory Impact: With High-frequency Trading in the Spotlight, how
will New Regulations Change the Industry?
-
The Future of HFT: How will High-frequency Trading Evolve in
Ever-changing Technology and Regulatory Environments?
Tech2Trade
Expo 2013, to be held in New York City, London, Chicago, Singapore
and Frankfurt, is the world's most influential alternative
investments forum for the hedge fund, high-frequency trading and
derivatives communities. With dozens of practitioners, experts and
regulators speaking in our programs, Tech2Trade Expo 2013 provides
hundreds of investors, traders and portfolio managers with the key
lessons, proven recipes and penetrating insights they are looking for
to capture alpha in up and down markets.
Media
Contact:
Julia
Petrova
Media
Relations Coordinator
Golden
Networking
+1-414-FORUMS0
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