Commisioner Bart Chilton on Caging the Financial Cheetahs at High-Frequency Trading Leaders Forum

July 16, 2011 - PRLog -- Bart Chilton, Commissioner, U.S. Commodity Futures Trading Commission, will present at Golden Networking’s High-Frequency Trading Leaders Forum 2011 Chicago, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://www.HFTLeadersForum.com). Building off of the momentum of past conferences in New York City, High-Frequency Trading Leaders Forum 2011 will provide a global audience in Hong Kong, September, 19-21, Chicago, October 3-5, Sao Paulo, October 24-26, and Singapore, November 13-15, the most up-to-date overview of cutting-edge developments and insights to build a competitive advantage in High-Frequency Trading.

Commissioner Chilton admits that technology is an area where changes are occurring at breakneck speed.  “In financial markets, folks screaming at each other in trading pits have quickly become mostly a thing of the past.  Instead, computers are screaming at each other all day and all night—most times regardless of time zones around the world.”

“In the animal kingdom, cheetahs are the fastest, racing from zero to 60 miles per hour in a few seconds. (By the way, there are four adult cheetahs and two six-month-old cubs, Maggie and Nick at the National Zoo). In financial markets today, we also have cheetahs—otherwise known as high-frequency traders or HFTs. This new species of trader, due to the advent of high-speed computing technology and sensitive algorithmic programs, races in and out of markets trying to scoop up micro dollars in milliseconds. They aren't like traditional financial speculators because they are in markets fleetingly. At the end of every trading day, the cheetah's goal is to be flat, or neutral. They don't want to hold risk for very long, most of the time for only seconds. Are any of you interested in hedging your risk for five seconds? Not only are cheetahs new, but this highly sophisticated trading strategy is new, too. It is a different strategy and the cheetahs are a different trading species than producers are used to seeing in markets.”

Finally, referring to the Dodd-Frank act, “The new law goes a long way toward doing many of those things, but it took a market meltdown before government acted, and as we have discussed, there are still folks who may not see the need for reform. If we can do better, be better public servants, it can help ensure more efficient and effective markets and economies and it will help keep markets devoid of fraud, abuse and manipulation. That’s good for commercial traders, for the cheetahs, for traditional investors, and especially for the consumers who depend on these markets for the price discovery of just about everything they purchase.”

High-Frequency Trading Leaders Forum 2011 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 Happy Hour Chicago (http://hfthappyhourchicago.eventbrite.com), July 26th, Chicago
•   High-Frequency Trading Happy Hour Hong Kong (http://hfthappyhourhongkong.eventbrite.com), July 28th, Hong Kong
•   High-Frequency Trading Happy Hour Singapore (http://hfthappyhoursingapore.eventbrite.com), July 28th, Singapore
•   High-Frequency Trading Happy Hour New York (http://www.hfthappyhour.com),  August 9th, New York City
•   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:

•   High-Frequency Trading Leaders Forum 2011 DVD Video Package, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", http://www.HFTLeadersForum.com
•   High-Frequency Trading Experts Workshop DVD Video Package, "Practical Implementation of High-Frequency Trading Strategies", http://www.HFTExpertsWorkshop.com
•   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".

# # #

GoldenNetworking.net is the premier networking community for businessmen, entrepreneurs, professionals and diplomats, to experience what’s hot, new and next