High-Frequency Trading Experts Workshop, "Practical Implementation of High-Frequency Trading Strategies", the most insightful and comprehensive high-frequency trading 2-day workshop organized by Golden Networking (http://www.goldennetworking.net), now available at http://www.HFTExpertsWorkshop.com, features a session on High-Frequency Trading System Design in Practice.
According to e-forex, as the algorithmic trading market continues to develop and become more accepted in the mainstream, we are more likely to see even the most vanilla of traders using their own customized algorithms rather than the commoditized products available off the shelf. "The mainstream FX traders may not have the time, funding, expertise or effort to develop algorithms. Even at the high end where high frequency traders are looking to develop their own algos and typically use brokers as a pipe, they are looking for an easy-to-use incubator for proving ideas before engaging in full blown development. This is what we saw in the equities market where it started with a 'their algo-our pipe' approach. In time, however, the traders recognized that we brokers are more adept at understanding the idiosyncrasies and microstructure of the market. We have tactical trading algorithms, smart order handlers that are specifically tailored to finding and extracting liquidity and a set of execution consultants that can advise of which ones to leverage to seek a better execution. So in the future FX market, brokers will add more value than just a dumb pipe. It will be more a case of their idea and intelligence, our consultants working with for appropriate algo selection and our pipes. The client still uses their intellectual property in terms of what to trade and what price but they use our raw materials to interact more efficiently in the market and let us make the decision on how best to engage the marketplace."
According to Jeff Grossman, head of sales at Baxter FX, customizing the algorithms is the only way to keep pace with the general fragmentation in the market and the mutation of liquidity. But there are several factors that FX trading firms must consider when deciding whether to customize their algorithms on an in-house basis or leave it to the provider. “They must consider the importance of any proprietary information and also reflect on what the true cost of developing in-house will be. In terms of considering the involvement of a provider they must look at the benefit of support and the ease at which it might be given as well as the reduction in time to market."High-Frequency Trading Experts Workshop DVD Video Package is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Upcoming Golden Networking's Forums and Business Receptions include:
· High-Frequency Trading Leaders Forum 2011 Hong Kong , "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumhongkong.eventbrite.com), September, 19-21, Hong Kong
· High-Frequency Trading Leaders Forum 2011 Chicago, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumchicago.eventbrite.com), October 3-5, Chicago
· High-Frequency Trading Leaders Forum 2011 Sao Paulo, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsaopaulo.eventbrite.com), October 24-26, Sao Paulo, Brazil
· High-Frequency Trading Leaders Forum 2011 Singapore, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsingapore.eventbrite.com), November 13-15, Singapore
Golden Networking has compiled the insights of top experts and industry practitioners and produced DVD Video Packages for its Leaders and Experts Forums, including:
Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to firstname.lastname@example.org. Golden Networking has been frequently featured in the press, including recent articles in The Wall Street Journal, "Happy Hour for High-Frequency Trading", The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections", Los Angeles Times, "Speed-addicted traders dominate today's stock market", Reuters, "Revamp looms as trading experts huddle at SEC" and Columbia Business School's Hermes Alumni Magazine, "10 Under 10".
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