| | TheStreet: High Frequency Traders Not The Enemy, Says Edgar Perez, Author, The Speed Traders | | Edgar Perez, Author of The Speed Traders: An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World. | | Posted on : NetForce Press (20 June, 2011) | | | |
New York, NY, Jun 20, 2011 -- In an interview with Gregg Greenberg, TheStreet Staff Reporter, Edgar Perez, Author, The Speed Traders, http://www.TheSpeedTraders.com, said that high frequency trading is not as dangerous as politicians make it out to be. He went on to express his views about High-Frequency Trading, a set of tools that encompasses a rather diverse number of strategies that prioritize speed, low-latency, volume, liquid instruments and short timeframes. The full interview can be found at: http://www.thestreet.com/video/11144274/high-frequency-traders-not-the-enemy.html
According to Mr. Perez, high-frequency trading can be referred to as the natural progression of technology applied to the investing and trading worlds. In the process, High-frequency trading has unmasked structural issues in the U.S. equity markets that are currently being examined by legislators and regulators. Ultimately, speed traders (or ‘cheetah traders’, as CFTC'S Commissioner Bart Chilton calls them), will continue finding alpha-generating opportunities by trading new asset classes in new geographies employing more sophisticated tools than ever.
Regarding the "flash crash", regulators had singled out an unnamed Midwestern mutual-fund company's computer-driven trade as the catalyst that sent a shaky market into an unprecedented tailspin. The fund had been later identified by Reuters in May 14 as Waddell & Reed Financial Inc. The SEC-CFTC report, released almost 5 months after the "flash crash", placed relatively little blame on the broad structure of U.S. financial markets, created and overseen by both regulators. Their 104-page report painted a mixed picture of high-frequency traders, who had taken heat for leaving the market that day. High-speed traders magnified the impact of the selling by the mutual-fund firm by quickly dumping futures contracts that they had bought back on the market, the report said. And broadly, these trading firms were aggressive sellers during the downdraft. But it also noted that some high-speed firms remained active traders and contributed to the market recovery in the next 20 minutes.
The Speed Traders, published by McGraw-Hill Inc., is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access. The Speed Traders explains everything there is to know about how today's high-frequency traders make millions—one cent at a time.
Mr. Perez is widely regarded as the pre-eminent networker in the specialized area of high-frequency trading. He is the founder of Golden Networking and host of High-Frequency Trading Happy Hour business receptions (http://www.hfthappyhour.com) in New York City, which have drawn the world's top industry practitioners. He has organized high-frequency trading forums (http://www.hftleadersforum.com) and workshops (http://www.hftexpertsworkshop.com), as well as conferences on subjects as diverse as hedge funds, derivatives, private equity, distressed investing, and China, attracting thousands of executives and professionals in the world's major business centers. Mr. Perez has presented at Harvard Business School's 17th Annual Venture Capital & Private Equity Conference and at forums organized by Columbia Business School's Career Management Center and Alumni Club of New York.
Mr. Perez was a vice president at Citi, a senior consultant at IBM, and a consultant at McKinsey & Co. in New York City. Mr. Perez has an undergraduate degree from Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administration from Columbia Business School, with a dual major in Finance and Management (2002). He is a member of the Beta Gamma Sigma international honor society. Mr. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.
Mr. Perez is one of the great business networkers and motivators on the lecture circuit; he is available worldwide for the following speaking engagements: Present and Future of High-Frequency Trading, The Real Story behind the "Flash Crash", Networking for Financial Executives, and Business Networking for Success.
Contact :
Edgar Perez
The Speed Traders
New York, NY
Singapore,
Hong Kong,
+1-516-761-4712
info@goldennetworking.net
http://www.TheSpeedTraders.com |
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