High-Frequency Trading Sparks Global Financial Market Frenzy at Golden Networking's Experts Workshop

Oct. 18, 2010 - PRLog -- (October 17, 2010, New York) "Trading billions of shares in the blink of an eye has made stock markets more responsive—and volatile—than ever." The main culprit? Attendees will arrive to their own conclusions at High-Frequency Trading Experts Workshop 2010 (http://www.HFTExpertsWorkshop.com), "Practical Implementation of High-Frequency Trading Strategies", instructional and insightful 2-day workshop organized by Golden Networking in Hong Kong, November 22 & 23 and New York, December 9 & 10.

Newsweek's Matthew Philips explained: "Markets become volatile when liquidity dries up—in other words, when people can’t trade stocks when they want, at a fair price. 'High-frequency traders thrive off volatility, because when liquidity is in short supply, it becomes very profitable to provide it,' says Manoj Narang, founder and CEO of Tradeworx, a hedge fund and high-frequency trading firm in Red Bank, N.J., that trades an average of about 80 million shares a day. 'On days with big movements, in the realm of triple digits, we make a lot of money.'"

"High-frequency traders, who on the whole have maintained a low profile, say that because their frenzied trading provides liquidity, they help markets run smoother, improving the environment for all investors. But combine the speed at which they operate, the outsourcing of decision making to computer codes, and an almost complete lack of regulation, and this shadow market can fuel and exaggerate volatility. Speed traders argue they actually tamp it down. Nonetheless, politicians and regulators are starting to get nervous. 'I’m afraid that we’re sowing the seeds of the next financial crash,' says Sen. Ted Kaufman (D-Dela.), arguably D.C.’s most vociferous critic of high-frequency trading."

Have high-frequency trading firms helped shape positively their public image? Apparently not, Mr. Philips said. "Paranoid and reclusive, they’ve cloaked themselves in secrecy in the name of protecting their black boxes—those trading codes they spend so much time perfecting. They almost never talk to the press and disclose as little as possible about how they operate. No wonder they’ve joined short sellers and vulture investors in the pantheon of perceived market malefactors. 'As a group, we’ve fallen into a trap by erring on the side of secrecy,' Narang says. Concerned by all the bad press surrounding his speed-trading brethren, Narang has become the public face of the industry—appearing on CNBC and PBS, and letting reporters tour his offices (nothing but 20-something physics Ph.D.s in jeans staring at computer screens). 'The public is skeptical as it is,' Narang says. 'Secrecy is equated with doing something bad.'"

High-Frequency Trading Experts Workshop 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 Golden Networking's Forums and Business Receptions include:
•   1st Finance Leaders Forum, "How the New Financial Legislation Will Impact You and Your Business" (http://www.financeleadersforum.com), November 4th, New York City
•   High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com),  November 9th, New York City
•   2nd Banking Leaders Forum, "Private Banking on the Brink of Transformational Change" (http://www.BankingLeadersForum.com), November 18th, New York City
•   Global Energy Leaders Forum 2010, "Proposals and Solutions for Today's Global Energy Challenges" (http://www.GlobalEnergyLeadersForum.com), December 2nd, New York City
•   High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com),  December 7th, New York City
•   2nd Private Equity Leaders Forum, "Setting the Stage for Radical Transformation in 2011 and Beyond" (http://www.PrivateEquityLeadersForum.com), December 9th, New York City

Golden Networking has compiled the insights of top experts and industry practitioners and produced DVD Video Packages for its Leaders and Experts Forums, including:
•   2nd China Leaders Forum DVD Video Package, "Is the Chinese Dragon Poised for Global Dominance or Economic Implosion?", http://www.ChinaLeadersForum.com
•   Distressed Investing Experts Forum 2010 DVD Video Package, "Analyzing and Valuing Distressed Companies, Securities and Real Estate", http://www.DistressedInvestingExpertsForum.com
•   Derivatives Leaders Forum 2010 DVD Video Package, "Strategies for Increasing Profits under an Evolving Regulatory Framework", http://www.DerivativesLeadersForum.com
•   High-Frequency Trading Leaders Forum 2010 DVD Video Package, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond", http://www.HFTLeadersForum.com
•   Hedge Funds Leaders Forum 2010 DVD Video Package, "Generating Alpha in Challenging Times", http://www.HedgeFundsLeadersForum.com
•   High-Frequency Trading Experts Forum 2010 DVD Video Package, "Starting and Running a High-Frequency Trading Operation", http://www.HFTExpertsForum.com
•   Distressed Investing Leaders Forum 2010 DVD Video Package, "Extraordinary Opportunities Investors Cannot Afford to Pass", http://www.DistressedInvestingLeadersForum.com
•   China Leaders Forum 2009 DVD Video Package, "Addressing the Challenges Posed by the Present Wave of Chinese Globalization", http://www.ChinaLeadersForum.com
•   Distressed Investing Leaders Forum 2009 DVD Video Package, "The Most Comprehensive Guide for Any Investor in Distressed Assets", http://www.DistressedInvestingLeadersForum.com

Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net. 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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