Life After the "Flash Crash", 'The Speed Traders' Book Excerpt at UltraHighFrequencyTrading

July 5, 2012 - PRLog -- "After May 6, 2010, an abundance of unanswered questions remained as the entire financial world sought to find a reasonable explanation for the events that befell the market. Who or what was the culprit? Why did markets spin out of control so rapidly? What needed to be done to prevent this from happening again? The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said they were examining the cause of the unusual trading activity. Mary L. Schapiro, chairwoman of the SEC, and Gary Gensler, head of the CFTC, held conference calls with overseers of the exchanges who were reviewing trading tapes from the day."

It has been two years since the U.S. equity markets were impacted by what was called thereafter the Flash Crash. The immediate reaction by market participants was captured by author Edgar Perez in his book The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, an excerpt of which has been published by industry blog UltraHighFrequencyTrading.com. Readers can see the full excerpt through the link: http://highfrequencytrading911.com/2012/05/07/life-after-....

Perez is widely regarded as the preeminent speaker in the specialized area of high-frequency trading. He is course director of The Speed Traders Workshop 2012, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai, Jakarta, London, Mexico City, Moscow, Dubai and Chicago), and was Adjunct Professor at the Polytechnic Institute of New York University, where he taught Algorithmic Trading and High-Frequency Finance.

Mr. Perez has been featured on CNBC Cash Flow (with Oriel Morrison), CNBC Squawk Box (with Geoff Cutmore), BNN Business Day (with Kim Parlee), TheStreet.com (with Gregg Greenberg), Channel NewsAsiaBusiness Tonight and Cents & Sensibilities (with Lin Xue Ling), NHK World, iMoney Hong Kong, Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, The Korea Herald,  FIXGlobal Trading, The Korea Times, TODAY Online, Oriental Daily News and Business Times.

Mr. Perez has been engaged to present to the U.S. Securities and Exchange Commission, CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University and Pace University, among other public and private institutions. In addition, Mr. Perez has spoken at a number of global conferences, including Harvard Business School’s Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago, London), MIT Sloan Investment Management Conference (Cambridge), Institutional Investor’s Global Growth Markets Forum (London), Technical Analysis Society (Singapore), TradeTech Asia (Singapore), FIXGlobal Face2Face (Seoul) and Private Equity Convention Russia, CIS & Eurasia (London).

Mr. Perez was a vice president at Citigroup, a senior consultant at IBM, and a consultant at McKinsey & Co. in New York City.  Mr. Perez has an undergraduate degree from Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administration from Columbia Business School, New York, with a dual major in Finance and Management (2002). He belongs to the Beta Gamma Sigma honor society. Mr. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.