HK Regulators Signal Flexibility on Derivative Reforms; The Speed Traders Workshop 2012 Hong Kong

Edgar Perez, Author, The Speed Traders, Speaker at The Speed Traders Workshop 2012 Hong Kong: How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX, August 4
By: the speed traders
 
July 12, 2012 - PRLog -- (July 12, 2012, New York)  As reported on Reuters, Hong Kong's financial watchdogs said on Wednesday that they planned to offer more flexibility in their proposed new rules for over-the-counter derivative trading.
Regulators around the world are bringing in new rules to force derivatives that are traded over-the-counter to be centrally cleared and for data on those trades to be reported to them.
The aim is to make the $650 trillion over-the-counter derivatives market more transparent and reduce the risk posed to the wider financial system if a bank or broker were to collapse.
The Hong Kong Monetary Authority (HKMA)and the Securities and Futures Commission said following a consultation they will now not force banks to clear at a local onshore clearing house but allow them the option to use a foreign clearer, provided it meets certain regulatory requirements.
This will likely make it cheaper for big global banks to clear trades, as using multiple clearing houses requires more collateral and reduces the chances of getting "netting benefits" by putting offsetting trades through a single clearer.
As Hong Kong regulators signal flexibility on derivative reforms, Mr. Edgar Perez, author of The Speed Traders, will conduct the most thorough review of high-frequency trading at his upcoming The Speed Traders Workshop 2012 Hong Kong: How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX, August 4 (TheSpeedTradersWorkshop).
The Speed Traders Workshop 2012 Hong Kong will reveal how high-frequency trading players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds from the U.S. and Europe to India, Singapore and Brazil. The Speed Traders Workshop 2012 Hong Kong kicks off a series of presentations in the world’s most important financial centers: Jakarta, Indonesia, June 13; London, United Kingdom, June 26; Mexico City, Mexico, July 27 and Moscow, Russia, August 10. More information can be found at TheSpeedTradersWorkshop.

Mr. Perez is widely regarded as the preeminent speaker in the specialized area of high-frequency trading. He is author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, published by McGraw-Hill Inc. (2011) and currently being translated into Chinese, Bahasa Indonesia and Portuguese.  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, Beijing), 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 NewsAsia Business 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.
End
Source:the speed traders
Email:***@goldennetworking.net Email Verified
Tags:High-Frequency Trading Seminar, The Speed Traders, High-frequency Trading
Industry:Banking, Business
Location:United States
Subject:Products
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Golden Networking PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share