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| Financial Services and Information Technology Firms from Brazil Building Bridges to Serve HFTHigh-Frequency Trading Leaders Forum 2011, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" , Hosted by Golden Networking, now in Hong Kong, Chicago, Sao Paulo and Singapore
As reported by the Brazilian Association of Information Technology and Communication Companies (BRASSCOM), information technology plays a major role in all productive sectors in Brazil, and there is an increasing awareness of its essential role in achieving real economic gains for the economy. This explains why the country can put itself forward as a global strategic player in the IT-BPO industry. Brazilian companies in the sector have created a very strong industry over the years. They have accumulated knowledge through decades of experience, they have innovated to achieve excellent results in various business and governmental areas, and they have grown in step with increased domestic demand. The financial area is one of the best examples of this strength. Having faced through the difficult years of hyper-inflation and constant rule-changes in the 1970s and 1980s, Brazilian professionals have developed an unmatched agility and innovative capacity. The Brazilian Payment System (SPB) is amongst the most sophisticated, efficient and reliable in the world Brazil is one of the few countries in which inter-banking fund transfers can be made electronically in real time. The country provides technological solutions that are benchmarks in banking automation, internet banking, operations via mobile phone, ATMs, serving Brazilian giants such as Itaú/Unibanco, Bradesco, Banco do Brasil and Caixa Econômica Federal, as well as international banks, such as ABN/Amro/Real, Santander, HSBC and Citi leaders amongst more than 100 banks in operation. The most recent far-reaching project involving banking operations was launched in 2009: authorized direct debit (DDA), a system that will allow all payments to be received electronically by the banks that serve individuals and corporations. To illustrate the impact of this change, monthly school bills, purchases, mortgages and car loans, amongst others, leave a paper trail of around 2 billion printed banking slips per year. Besides saving paper and postage, DDA will offer benefits in terms of speed and security. The implementation of the system once again confirms Brazil`s position as a pioneer and a global reference point in business-related technology solutions for the financial services sector. Brazil`s Stock Market and Commodities Exchange (BM&F Bovespa) is a leader in Latin American equity and derivatives, and an international financial center trading shares, commodities and other financial instruments. BM&F Bovespa is recognized for its IT-supported operational excellence. Brazil has a sound and dynamic payment system. Electronic payments have been made in the country for over 50 years, supported by innovative IT companies, In 2009, according to the Brazilian Credit Card and Services Association (Abecs), there were 565 million cards on the market, including credit, debit, and private label cards. That year around 667 million transactions were performed, 15% more than in the previous year. The companies that make up the financial system, such as banks, private pension, insurance, finance and brokerage firms, account for around 20% of the total spent on IT in Brazil, according to IDC. In 2008 the segment was responsible for 42.8% of the total investment in servers (including mainframes) and 29.3% of the investment in data storage. 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 New York (http://www.hfthappyhour.com), August 9th, New York City • High-Frequency Trading Happy Hour Chicago (http://hfthappyhourchicago.eventbrite.com), August 23rd, Chicago • High-Frequency Trading Happy Hour Hong Kong (http://hfthappyhourhongkong.eventbrite.com) • High-Frequency Trading Happy Hour Singapore (http://hfthappyhoursingapore.eventbrite.com) • 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) • High-Frequency Trading Leaders Forum 2011 Chicago, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumchicago.eventbrite.com) • 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) • High-Frequency Trading Leaders Forum 2011 Singapore, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsingapore.eventbrite.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" # # # GoldenNetworking.net is the premier networking community for businessmen, entrepreneurs, professionals and diplomats, to experience what’s hot, new and next End
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