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  • Regulators recommending Guidelines To Better Monitor High-Frequency Trading 0 comments
    Oct 25, 2011 1:06 PM
    Reuters reports that global regulators published guidelines on Thursday to better monitor automated transactions while saying there was little hard evidence to justify reining in high-frequency trading. Leaders of the world's G20 major economies last November called on the International Organization of Securities Commissions (IOSCO) to mitigate risks from technological advances in trading technology.. This topic will also be discussed further by 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), at The Speed Traders Workshop 2011, "The Present and Future of High-Frequency Trading" (http://www.thespeedtradersworkshop.com), in Singapore, Hong Kong and Sao Paulo. The Speed Traders Workshop 2011 will be extremely helpful for all delegates who are working in finance and investments, from financial institutions, investment banks, hedge funds, pension funds, broker dealers, consultancy groups, prime brokers, solution providers and exchanges, who wish to gain a thorough understanding and practical knowledge of high-frequency trading.
    HFT accounted for 56 percent of U.S. and 36 percent of European equity volume last year, according to TABB Group. There is no agreed definition of HFT but it typically involves algorithms that instruct ultra-fast computers to trade across assets, darting in and out of markets to exploit small price changes.
    IOSCO said that the available evidence fails to find a consistent and significant negative effect of HFT on liquidity.However, IOSCO, which groups regulators -- such as the U.S. Securities and Exchange Commission and Britain's Financial Services Authority -- from some 100 countries, said the submission of large numbers of orders and trades across multiple venues poses significant challenges to competent authorities.
    IOSCO's recommendations, which its members will begin implementing straight away, focus on closer monitoring of HFT rather than trying to curb it. A rule from the SEC takes full effect next month, forcing broker dealers to block reckless orders piped by clients directly on to markets. IOSCO also requires trading venues to be able to halt dealings quickly to avoid flash crashes, and to have controls on clients that allowed direct access to markets using its systems.
    The Speed Traders Workshop 2011, led by Edgar Perez, author of The Speed Traders, 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. Highlights of The Speed Traders Workshop 2011 include:
    ·         The first and most comprehensive initiation to the world of high-frequency trading
    ·         Study materials provided by Edgar Perez, the author of the latest book on the subject of speed trading, and a well-known presenter in America, Europe and Asia
    ·         Latest update on high-frequency trading in the world and current regulatory initiatives
    ·         Techniques to detect high-frequency trading in the markets
    ·         Key enablers of high-frequency trading in the U.S., Europe and Asia
    ·         Proposed regulatory initiatives after the "flash crash”
    ·         Up-to-date review of the future of high-frequency trading
    The Speed Traders, published by McGraw-Hill Inc., available online at amazon.com, Barnes & Noble, BORDERS, and INDIEBOUND, among multiple bookstores, 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. In this new title, The Speed Traders, Mr. Perez opens the door to the secretive world of high-frequency trading. Inside, prominent figures drop their guard and speak with unprecedented candidness about their trade.
    Mr. Perez is widely regarded as the pre-eminent networker in the specialized area of high-frequency trading. He has been featured on CNBC Cash Flow with Oriel Morrison (http://video.cnbc.com/gallery/?video=2023403523), BNN Business Day with Kim Parlee (http://watch.bnn.ca/business-day/august-2011/business-day-august-19-2011/#clip519647), TheStreet.com with Gregg Greenberg (http://www.thestreet.com/video/11144274/high-frequency-traders-not-the-enemy.html), Channel NewsAsia Cent & Sensibilities with Lin Xue Ling, The Wall Street Journal, The New York Times, Los Angeles Times, iMoney Hong Kong, Hedge Fund Brief, Oriental Daily News Hong Kong, and more. 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), Middle East Hedge Funds Investors Summit 2012 (Riyadh, Saudi Arabia), 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.
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