The Present and Future of High-Frequency Trading (Candidates and Non-members)
The U.S. and European capital markets have been through a number of developments, from the implementation of sophisticated trading technology to the evolution of their regulatory frameworks, which have fostered the emergence of High-Frequency Trading strategies. Despite the controversy surrounding high-frequency trading, speed traders will continue finding alpha-generating opportunities by trading new asset classes in new geographies employing more sophisticated tools than ever. While in U.S. equity markets, High-Frequency Trading has decreased to 53% of stock-market trading volume (from 61% in 2009), in U.S. futures markets, High-Frequency Trading now accounts for 28% of the total volume (an increase from 22% in 2009), and on foreign-exchange, roughly 30% as of 2010 (compared with 13% in 2004). Similarly, High-Frequency Trading accounts now for around 15% of Asia-Pacific equity trading volumes, 45% in Japan, 6% of Brazil’s BM&Fbovespa’s total volume and 25% of orders in India’s Bombay Stock Exchange; all in all, penetration levels way below U.S. and European levels, which represents an area of opportunity that has not been lost to financial institutions, hedge funds and traders.
High-Frequency Trading is a set of tools that encompasses a rather diverse number of strategies that prioritize speed, low-latency, volume, liquid instruments and short timeframes High-Frequency Trading has been 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 Speed traders will continue finding
Edgar Perez - Edgar Perez is widely regarded as the pre-eminent networker in the specialised area of high-frequency trading. His book, The Speed Traders*, has been published in May 2011 by McGraw-Hill Inc. He is the founder of Golden Networking and host of High-Frequency Trading Hour business reception in New York City, which have drawn the world’s top industry practitioners. He has organised high-frequency trading forums and workshops, as well as conferences on subjects as diverse as hedge funds, derivatives, private equity, distressed investing, and China, 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 organised by Columbia Business School’s Career Management Center and Alumni Club of New York.
Mr. Perez was a vice president at Citibank, 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, Lime, 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 honour society. Mr. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.
Tuesday, June 21, 2011-
Tuesday, June 21, 2011 TIME:
12:00 p.m.-01:45 p.m. LOCATION:
FTSE Room, Level 9, Capital Tower, 168 Robinson Road
$15 - Candidate
$30 - Non Member