London, United Kingdom (PressExposure) December 03, 2012 -- Mr. Edgar Perez, author, The Speed Traders, was featured on industry community blog HFT Review with an extensive interview on How The Speed Traders are Adapting to Changing Markets. Mr. Perez will be joining Golden Networking's High Frequency Trading Leaders Forum 2012 London ([http://www.High-Frequency-Trading-Conference.com]), "How Knight Capital's 'Knightmare on Wall Street' Could Transform the Regulatory Landscape and Impact Investors, Speed Traders and Brokers", December 12, conference that will include insightful keynote speeches and highly regarded panels that will provide everybody involved in high-frequency trading with critical inside knowledge.
On the highly debated definition of high-frequency trading, Mr. Perez claimed that not to be set in stone. "What I can give you is a definition that is practical at this moment: high-frequency trading is really a number of techniques to facilitate speed trading. This is of course an evolving definition. Whatever is HFT today was probably ultra HFT in the past and will probably be low HFT in the future. What we can say at this moment about HFT is the big impact speed has on it."
"Speed plays an important role and it is a big component of the definition of HFT. By that we mean speeds in the millisecond or microsecond range. In addition to that, in order to minimize the latency of the trading systems, co-location is an inherent part of the definition. As speed traders try to reduce any latency, they will want to trade from computers hosted on the exchanges themselves. As a trader, you don't want your computers to be placed somewhere far away from the exchanges. Therefore, you rent space from the exchange; that will be the second component."
"As third component of the definition, you are talking at people who trade in and out throughout the day. As a high frequency trader, you are not interested in holding instruments for any longer that it is required by the strategy, and almost never overnight, as that would expose to additional risks. It's been said that high frequency traders are in the moving business and not in the storage business. That means that they will buy share and then sell them at a profit almost immediately. It that is not the case in the transaction itself, it will become profitable thanks to the rebate that exchanges pay traders either for providing or taking liquidity."
Finally, "the fourth component I can think of is that we are looking at trading instruments that are very liquid; if you look at the markets, the most liquid instrument in recent months was probably Citigroup: it was liquid, low priced and therefore easy to buy and sell, until they engineered a reverse merger. Bank of America eventually took that place."
Mr. 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 (http://www.thespeedtraders.com), published in English by McGraw-Hill Inc. (2011), in Mandarin by China Financial Publishing House (2012) and currently being translated into Bahasa Indonesia. He 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, Jakarta, London, Mexico City, Moscow, Ho Chi Minh, New York, Dubai and Chicago), and was Adjunct Professor at the Polytechnic Institute of New York University, where he taught Algorithmic Trading and High-Frequency Finance. He contributes regularly to The New York Times and China's International Finance News.
Mr. Perez has been interviewed on CNBC Cash Flow, CNBC Squawk Box, BNN Business Day, CCTV China, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media, Channel NewsAsia Business Tonight and Cents & Sensibilities. In addition, Mr. Perez has been featured on Sohu, News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio, CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com, CBNweek.com, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, ifeng.com, International Finance News, hexun.com, Finance.QQ.com, Finance.Sina.com, The Korea Times, The Korea Herald, The Star, The Malaysian Insider, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor EconÃ´mico, FIXGlobal Trading, TODAY Online, Oriental Daily News and Business Times.
Mr. Perez has been engaged to present to the CME Group's Global Financial Leadership Conference 2012, 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 (Shanghai) and Pace University (New York), among other public and private institutions. In addition, Mr. Perez has spoken at a number of global conferences, including Harvard Business School's Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago), 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).
Mr. Perez was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co. in New York City. Mr. 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. Mr. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.
High Frequency Trading Leaders Forum 2012 is produced by Golden Networking, the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to firstname.lastname@example.org