Golden Networking’s High-Frequency Trading Happy Hour to Attract Hundreds of Executives from Hedge Funds, Fund of Funds, Private Equity, Electronic Trading and High-Frequency Trading
New York, NY, October 09, 2010 — The effects of Algorithmic Trading and the May 6 Flash Crash will be discussed in detail at Golden Networking’s High-Frequency Trading Happy Hour (http://www.HFTHappyHour.com), October 12th, New York City. Hundreds of private investors, managers, executives and professionals in the alternative investment industry meet every 2nd Tuesday at Golden Networking’s WSJ-featured business reception.
As reported by The Wall Street Journal’s Kristina Peterson: “‘High-frequency trading on its own could never prevent a stampede for the exits like what we saw on May 6,’ Narang said. ‘That’s purely a phenomenon created by herd-like behavior by long-term investors.’ Others pointed to the firms’ aggressive selling as proof that without requirements, high-frequency firms have no incentive to help stabilize the market. ‘When there’s no obligation to supply liquidity, you can do whatever you want,’ said Joe Saluzzi, co-head of equity trading at Themis Trading, an agency brokerage. ‘They did nothing wrong, nothing illegal, they broke no rules. The problem with the system is you can’t have everyone walking away at the same time.'”
[email protected]. 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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Contact:
Edgar Perez
Golden Networking
New York, NY
516-761-4712
[email protected]
http://www.goldennetworking.net
