Today High-Frequency Trading Happy Hour in New York City

Dec. 7, 2010 - PRLog -- Golden Networking is hosting its monthly High-Frequency Trading Happy Hour, Tuesday December 7th, at exclusive La Barrique in Midtown Manhattan. Kicking off the networking, Golden Networking’s founder, Edgar Perez, will moderate the panel “How to Get High-Frequency Trading Right First Time”, with Adam Afshar, President and Chief Executive Officer, Hyde Park Global Investments, Milind Sharma, Chief Executive Officer, QuantZ Capital Management, and Peter van Kleef, Chief Executive Officer, Lakeview Arbitrage.

As summarized by PCWorld, “High Frequency Trading (HFT) is the financial industry's short-hand term for how they use computers to analyze the market and rapidly buy and sell shares of stocks and other financial instruments. Such firms rarely refine their trading to only a single exchange, so by necessity they route information around the globe to different exchanges. Some finance firms, for instance, may trade against momentary price discrepancies between the London and New York exchanges.

Typically it takes about 50 milliseconds to send a message from New York to London. Placing a server in between the two could cut the speed of communication in half, which may be enough time to take advantage of some momentary pricing discrepancy. The hyper-competitive finance industry will continue to cut transaction times wherever possible, which will make light-speed delays more pronounced in the years to come. Light travels at 299,792,458 meters per second, or about approximately 186,282 miles per second.

Researchers came up with a general formula that an organization can use to derive the best location to sit in between multiple sources of information. They did not take into account delays inherent in networking due to equipment latencies, assuming an organization could factor these numbers into their own equations. Using this formula, the researchers also triangulated the best locations in the world for locating servers that do high frequency trading across 52 exchanges worldwide. A few of the prime locations include spots in the middle of the ocean, or in small countries with as-of-yet underdeveloped communications infrastructures.”

High-Frequency Trading Happy Hour is produced by Golden Networking (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:

•   Public Finance Leaders Forum 2010, "How Private Funds Can Invest in Government-Owned Property and Public Projects" (http://www.PublicFinanceLeadersForum.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
•   High-Frequency Trading Experts Workshop 2011 New York, "Practical Implementation of High-Frequency Trading Strategies" (http://www.HFTExpertsWorkshop.com), March 3 & 4, New York
•   High-Frequency Trading Experts Workshop 2011 Sydney, "Practical Implementation of High-Frequency Trading Strategies" (http://www.HFTExpertsWorkshop.com), March 14 & 15, Sydney
•   High-Frequency Trading Experts Workshop 2011 Singapore, "Practical Implementation of High-Frequency Trading Strategies" (http://www.HFTExpertsWorkshop.com), March 16 & 17, Singapore
•   High-Frequency Trading Experts Workshop 2011 Mumbai, "Practical Implementation of High-Frequency Trading Strategies" (http://www.HFTExpertsWorkshop.com), April 7 & 8, Mumbai

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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