GoldenNetworking.net Hosting Most Well-Attended High-Frequency Trading Conference of 2010, High-Frequency Trading Leaders Forum 2010, May 27th at Flatotel Hotel, in New York City
New York, NY, May 03, 2010 — “A chorus of critics have recently begun asserting that so-called ‘high frequency’ traders, which now make up approximately 60 percent of trading volumes in the United States equities markets and provide critical liquidity to all investors, are harming the market with unfair, speculative trading that causes stock prices to needlessly fluctuate to the detriment of investors.’ That’s how Quantlab Financial’s Cameron Smith introduces his evaluation of the impact of High-Frequency Trading for investors, published in Traders Magazine last month. Now that High-Frequency Trading is attracting increased interest, GoldenNetworking.net is hosting High-Frequency Trading Leaders Forum 2010, “Innovating and Profiting from High-Frequency Trading in 2010 and Beyond” (http://www.HFTLeadersForum.com), May 27th, 2010, at New York City’s Flatotel Hotel.
Mr. Smith continues: “Investors have reaped the benefits of the SEC reforms that led to the rise of high frequency traders and electronic markets; the most obvious direct benefits to investors are reflected in the dramatic reductions in trading costs and spreads over the past 10 years. Less direct but substantial benefits have also been realized by investors and, indeed, our overall economy from the improved efficiency of the markets brought about by the emergence of both competitive electronic markets and high frequency traders. One invaluable benefit to investors is the dramatic increase in trading volume, which makes it easier for investors to cheaply buy and sell securities. High frequency traders are not in the business of stock investing but are service providers, providing liquidity and transparent price discovery to all investors; without high frequency traders, trading costs would go up for all investors, making our capital markets a less attractive alternative for capital raising and pushing companies into overseas markets or into issuing debt.”
After further elaborating on his train of thought, he concludes: “As the past regulatory actions against the traditional Wall Street traders and the rapid emergence of electronic markets demonstrate, investors prefer a fair and transparent trading environment to one that favors a select group over other market participants. Accordingly, any debate about electronic markets and the role of high frequency traders must be viewed in light of the un-controvertible fact that our nation’s equity markets are far fairer, more efficient, more liquid and have lower transaction costs for investors than ever before. And it must be further recognized that high frequency traders, as the heir to the roles played by the traditional market makers and specialists, are responsible for a significant portion of this dramatic improvement along with the Securities and Exchange Commission which worked to create and nurture the fair, transparent and efficient environment we enjoy today.”
High-Frequency Trading Leaders Forum 2010, “Innovating and Profiting from High-Frequency Trading in 2010 and Beyond” will provide attendees with the most up-to-date and enlightening overview of the present and future of High-Frequency Trading, discussing topics like strategies, access methods to venues, regulatory overview, technology key success factors, latency, co-location, proximity, fragmented market data, compliance and risk management. High-Frequency Trading Leaders Forum 2010 is produced by GoldenNetworking.net (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez. Upcoming Leaders Forums and Business Networking receptions include:
High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com), May 3rd, New York City
Real Estate Leaders Forum 2010, “Successfully Investing in Distressed Real Estate Assets” (http://www.RealEstateLeadersForum.com), June 17th, New York City
Panelists, speakers and sponsors are invited to contact GoldenNetworking.net by sending an email to [email protected]. GoldenNetworking.net has been frequently featured in the press, including recent articles in The New York Times, “Golden Networking Helps Job Seekers Make Overseas Connections” (http://www.nytimes.com/2009/11/07/nyregion/07network.html) and Columbia Business School’s Hermes Alumni Magazine, “10 Under 10” (http://www7.gsb.columbia.edu/alumni/news/ten-under-ten).
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Contact:
Edgar Perez
Founder
GoldenNetworking.net
New York, NY
516-761-4712
[email protected]
http://www.goldennetworking.net
