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The Speed Traders: An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World
  • Samba Dancers, Football, Carnival, Bikini-clad Women, Rum and High-Frequency Trading 0 comments
    Jan 20, 2012 4:29 PM | about stocks: CNBC, IBM, HP
    As reported by the Financial Times, the final item on this list might not normally come to mind when you think of Brazil, but it should. Brazil’s ambition is to become a type of Latin American mecca for “high-frequency traders” and the country’s exchange BM&FBovespa has poured huge amounts of money into its trading platform and offered steep discounts in a bid to make that happen. In addition, BM&FBovespa is hosting The Speed Traders Workshop 2012 Sao Paulo: How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX, February 1st, BM&FBovespa, led by Mr. Edgar Perez, Adjunct Professor at the Polytechnic Institute of New York University.  “None of us dreamed a couple of years ago that we would be talking about high-frequency trading,” said Nilson Monteiro from the city’s Link Investimentos brokerage. “We now receive weekly visits from new companies wanting to learn about it, which shows that it’s here to stay in Brazil.” Technology is another big question mark. “Here we have higher-frequency trading not really high-frequency trading,” said Hamilton Araujo, managing director of Alphastream. “It all depends on the exchange to improve their infrastructure.” On this issue, investors are much more confident, especially about BM&FBovespa’s plans to roll out a new matching engine to reduce “latency” – messaging speed. Derivatives are expected to go live on the new platform this year and equities in 2012. However, in general, the immaturity of the high frequency trading industry in Brazil may actually work in its favor. As is the case with mortgage lending in Brazil, high-frequency trading is growing at exactly the right moment – when the memories of the crises in the US and Europe are still fresh enough to provide useful warning signs. This will make Brazil’s adoption of it smarter and safer, its creators say. “The exchange has also put it very pragmatically, explaining how [high-frequency trading] increases liquidity,” says Delfos Machado, head of Latin American trading at HSBC. “I don’t see the same hysteria that people have in the States. That crisis only lasted 15 minutes. Honestly, if you’re a retail guy you didn’t even notice.” 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.

    Mr. Perez is widely regarded as the preeminent speaker and networker in the specialized area of high-frequency trading. He has been featured on CNBC Cash Flow (with Oriel Morrison), CNBC Squawk Box (with Geoff Cutmore), BNN Business Day (with Kim Parlee), TheStreet.com (with Gregg Greenberg), Channel NewsAsia Asia Business Tonight and Cents & Sensibilities (with Lin Xue Ling), NHK World, iMoney Hong Kong, Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Los Angeles Times, TODAY Online, Oriental Daily News and Business Times. He has been engaged as speaker at Harvard Business School’s 17th Annual Venture Capital & Private Equity Conference, High-Frequency Trading Leaders Forum 2011 (New York, Chicago, Hong Kong, Sao Paulo, Singapore), CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University (New York), Global Growth Markets Forum (London), Technical Analysis Society (Singapore), TradeTech Asia (Singapore), FIXGlobal Face2Face (Seoul), and 2nd Private Equity Convention Russia, CIS & Eurasia (London), among other global forums.

    Mr. Perez was a vice president at Citigroup, 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 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.

    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.

    Stocks: CNBC, IBM, HP
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