Why Emerging Markets Represent the Future for HFTs at The Speed Traders Workshop 2012 Sao Paulo, February 8th
Emerging markets are an inviting target for high-frequency traders going forward, proclaims Advanced Trading’s Justin Grant. He contrasted it to a suggestion by Utah Senator Orrin Hatch to institute a tax on high-frequency trading. One of these key markets is Brazil, where Mr. Edgar Perez, Adjunct Professor at the Polytechnic Institute of New York University, will lead The Speed Traders Workshop 2012 Sao Paulo: How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX, February 8th, BM&FBovespa.
Earlier this year, the note continues, India’s Bombay Stock Exchange predicted computer based-trading in its $1.5 trillion stock market will double over the next three years. Meanwhile the Association of South East Asian Nations (ASEAN) is planning to debut the ASEAN Trading Link next year, which would electronically link exchanges in Thailand, Singapore and Malaysia. Vietnam, the Philippines, and Indonesia are also slated to link their exchanges to ASEAN Trading Link in 2012. Liquidity in those markets will undoubtedly surge as they mature, making them an enticing target for high-frequency trading firms.
Brazil probably represents the best opportunity for high-frequency traders over the near term. Earlier this month it lifted a financial transaction tax of its own for foreign investors and the BM&FBovespa has been aggressive in its efforts to boost trading volumes and attract liquidity.
So even as lawmakers in the U.S. and Europe weigh the merits of a Tobin Tax, a world of opportunity awaits high-frequency traders overseas. Perhaps the CBO is wrong in its assessment. The U.S. doesn’t need a tax to diminish its role as the premier market. Seems that’s happening anyway.
The Speed Traders Workshop 2012 Sao Paulo will reveal how high-frequency trading players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds from the U.S. and Europe to India, Singapore and Brazil. The Speed Traders Workshop 2012 Sao Paulo kicks off a series of presentations in the world’s most important financial centers: Dubai, January 25; Seoul, South Korea, March 28; Kuala Lumpur, Malaysia, April 11; Warsaw, Poland, May 11; Kiev, Ukraine, May 18; Singapore, May 26; Shanghai, China, June 6; Jakarta, Indonesia, June 13; Mexico City, Mexico, July 27; Hong Kong, August 4, and Moscow, Russia, August 10.