Posted on October 2, 2012. Filed under: Technology, Strategies, Practitioners, Event Announcements, Conference, Workshop | Tags: The Speed Traders, High-Frequency Trading, Edgar Perez, Flash Crash, algorithmic trading, proprietary trading, CNBC, Harvard Business School, Columbia Business School, Chicago, High-Frequency Trading Book, automated trading, High-Frequency Trading Conference, Securities and Exchange Commission, BATS Trading, University of Chicago, Institutional Investors, Quantitative Trading, Commodities, The Speed Traders Workshop, High-Frequency Trading Seminar, Futures, Family Offices, Options, The Speed Traders Workshop 2012, Electronic Trading, Facebook IPO, Knight Capital, European Central Bank, Ewald Nowotny, Reuters, high-speed trades, regulatory conference, Vienna, Commodities Trading, Credit Derivatives, Dark Pools Trading, Data Monitoring / Analysis, DMA Analysts, Derivatives Trading, Electronic Execution, Equity Trading, Exchange-Traded Instruments, Financial Engineering, Fixed Income / Currencies Trading, Hedge Funds Traders and Managers, Information Technology, Investment Banking, Market Makers, Operations, Over-the-counter Derivatives, Portfolio Management, Regulatory Entities, Risk Management, Analysis and Control, Statistical Arbitrage, Structured Products Hedging, Trading Technology |
It took some time, but finally it is now a reality. The Speed Traders Workshop 2012 Chicago, October 9, will finally open the door to the secretive world of high-frequency trading, the most controversial form of investing today; in the name of protecting the algorithms traders and quants had spent so much time perfecting, they almost never talked to the press and disclosed as little as possible about how they operate.
The Speed Traders Workshop 2012 Chicago promises to 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 Flash Crash, the suspended BATS IPO, the botched Facebook IPO and Knight Capital’s trading malfunction are just a few of the events in the history of high-frequency trading that will be dissected at The Speed Traders Workshop 2012.
Who should attend? Anybody involved with Algorithmic Trading, Automated Trading, Commodities, Commodities Trading, Credit Derivatives, Dark Pools Trading, Data Monitoring / Analysis, DMA Analysts, Derivatives Trading, Electronic Execution, Electronic Trading, Equity Trading, Exchange-Traded Instruments, Family Offices, Financial Engineering, Fixed Income / Currencies Trading, Futures, Hedge Funds Traders and Managers, High-Frequency Trading, Information Technology, Institutional Investors, Investment Banking, Market Makers, Operations, Options, Over-the-counter Derivatives, Portfolio Management, Proprietary Trading, Quantitative Trading, Regulatory Entities, Risk Management, Analysis and Control, Statistical Arbitrage, Structured Products Hedging and Trading Technology.
After Hong Kong, Sao Paulo, Kuala Lumpur, Seoul, Warsaw, Kiev, Beijing and Shanghai, Chicago finally has the opportunity to experience first-hand The Speed Traders Workshop 2012, seminar that will satisfy both insiders and professionals who are new to the world of high-frequency trading.Read Full Post | Make a Comment ( None so far )
For Edgar Perez, Author, The Speed Traders, Increased Volumes and Volatility to Feed High-Frequency Trading on Monday
Posted on August 6, 2011. Filed under: Economy, Exchanges, Financial Crisis, Fixed Income, Securities | Tags: AAA, algorithmic trading, Asia, automated trading, Barak Obama, Blackrock, Capitalism, CBOE Volatility Index, CFA Singapore, CFTC, Chicago, China, CNBC, Commodities, Congress, David Beers, Derivatives, Dow Jones Industrial Average, Economy, Edgar Perez, Equity Markets, Europe, Exchange Rate, Fannie Mae, FCIC, Federal Farm Credit System Banks, Federal Home Loan Banks, Federal Reserve, Financial Crisis, financial markets, Fitch, Fixed Income Markets, Flash Crash, foreign exchange, Freddie Mac, Global Economy, Gold, Golden Networking, Great Depression, Hedge Funds, High-Frequency Trading, High-Frequency Trading Leaders Forum 2011, Hong Kong Securities Institute, Inflation, Moody’s, Nasdaq, Opinion, Oriel Morrison, Pimco, POTUS, recession, Regulation, S&P, S&P 500, Sao Paulo, Securities and Exchanges Comission, shares, sovereign-debt crisis, Standard and Poor's, Subprime mortgages, The Speed Traders, triple-A credit rating, U.S., U.S. Debt Tagged Financial Crisis, U.S. Federal Reserve, U.S. sovereign rating, U.S. Treasury, US Dollar, Value Investing, VIX, Washington, Yuan |
Mr. Edgar Perez, author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://www.thespeedtraders.com), wrote on Modern Finance Report (http://www.modernfinancereport.com) that a short-term stock plunge (increase of volume) and a spike in volatility on Monday are reasonably expected given S&P’s downgrade of the U.S. debt rating; the U.S. stock market was coming off its worst week since the financial crisis. “So we have here two of the main requirements for high-frequency trading, volume and volatility. Therefore, it will be reasonable to expect Monday to be a busy day for speed traders, as they provide the liquidity long-term investors will need to survive the day.”
Mr. Perez indicated that he would not be inclined to kill the messenger and instead see S&P’s decision in a positive light as it should serve as an effective wake-up call to get Washington’s warring players to the negotiating table again. He gave the example of S&P’s past decision to put the UK’s AAA-rating on negative outlook in May 2009, which fueled a debate on the need for significant fiscal tightening, and tough decisions taken by the new coalition government, which were eventually rewarded by S&P with the UK’s outlook being revised back up to stable in October last year.
Mr. Perez wrote: “We cannot deny the significant psychological impact of S&P’s decision on the markets and the view of foreign governments and investors of the U.S. economy. However, I expect Monday’ stock plunge to be a short-term event that will lose steam quickly. In fact, investors can be tempted to use it as reason to snatch value plays, as there would have not been a fundamental change from where we were last Friday. At the end of the day, S&P’s main theme, that U.S. finances are in bad shape, is not news to investors and traders; for instance, Pimco, the world’s largest bond fund, had stepped away from US government debt back in March; in addition, savvy money managers had already positioned themselves for a potential rating downgrade.”
Finally, he summarized: “I agree with experts who sustain that the downgrade will not lead to sharp rises of lending rates to the corporate sector or households in the U.S., as Fitch and Moody’s still maintain their top rating for U.S. debt. Also, a sudden sell off of U.S. Treasury instruments looks unlikely, as there are still not many safe assets to replace them. Once the dust settles, attention will turn back to the economic fundamentals. Disregarding the S&P downgrade comes with high risk for the U.S. economy, particularly if Washington prioritizes electoral concerns over the long-term health of this great nation, the United States of America.”Read Full Post | Make a Comment ( None so far )