According to Fox Business, data from Trim Tabs Investment Research appears to support the concern that high-frequency trading is a clear and present danger to the equity markets, prompting increasing outflows. Trim Tabs data show outflows from U.S. equity mutual funds in 2008 hit a record $148 billion; in 2009, confidence appeared to be stabilizing as outflows from U.S. equity mutual funds totaled just $28 billion. But Seth Merrin, CEO of Liquidnet, said the "Flash Crash" in 2010 dealt a blow to investor confidence that has yet to recover. Trim Tabs reports outflows from U.S. equity mutual funds in 2010 hit $81 billion, $132 billion in 2011 and last year totaled $130 billion. The note concludes quoting Trim Tabs COO Minyi Chen, who says, "High frequency trading undermines investor confidence and they (investors) want other types of investment vehicles that offer higher liquidity than mutual funds -- for example ETFs." How much of this is a myth? The answer is presented by Edgar Perez, author of The Speed Traders and Knightmare on Wall Street, and former McKinsey & Co. consultant and New York University Adjunct Professor, is presenting The Speed Traders Workshop DVD Video Package: How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (http://TheSpeedTradersWorkshopDVD.eventbrite.com), the most comprehensive review of high frequency trading now available for the very first time on DVD in an insightful 4-disc set. As Mr. Perez covers in The Speed Traders Workshop DVD Video Package, high-frequency trading is the use of sophisticated technological tools to trade securities like stocks or options, and is typically characterized by several distinguishing features: highly quantitative, employing computerized algorithms to analyze incoming market data and implement proprietary trading strategies, investment positions are held only for very brief periods of time, from seconds to hours, and rapidly traded into and out, sometimes thousands or tens of thousands of times a day, no net investment position at the end of a trading day, mostly employed by proprietary firms or proprietary trading desks in hedge funds and banks, and very sensitive to the processing speed of markets and of their own access to the market. The Speed Traders Workshop DVD Video Package displays an agenda full of information and insights: 1. Understanding High Frequency Trading in Equities and other Asset Classes 2. Key Enablers for High Frequency Trading 3. Global Regulatory Overview: from the U.S. and Europe to China and Brazil 4. The Future of High Frequency Trading 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, published in English by McGraw-Hill Inc. (2011), in Mandarin by China Financial Publishing House (2012) and currently being translated into Bahasa Indonesia and Portuguese. 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 China's International Finance News.
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 Ingeniería, 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.The Speed Traders Workshop DVD Video Package reveals 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 DVD Video Package brings the most updated review of high frequency trading to the world's most important financial centers.