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Follow on Google News | Edgar Perez Announces Release of Book Knightmare on Wall Street, The Rise and Fall of Knight CapitalEdgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop 2012, Proudly Introduces Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, a Behind-the-scenes Look at...
By: Knightmare on Wall Street "What a book! Who knew that a trading error at a Jersey City firm could end up being so interesting? The editors at ModernFinanceReport.com praise Knightmare on Wall Street's "compelling case about the need for trading firms to rethink their technology management". They ask, "Does anyone on Wall Street will ever really learn anything from this debacle? While all eyes are focused on SEC's new regulations that force companies to show the impossible, the next trading debacle is probably lurking around, ready to storm Wall Street at a time when nobody will expect it." "The book goes into great detail when it analyses the backstories of the main characters involved in the company starting with founders Ken Pasternak and Walter Raquet, CEO Tom Joyce (known as T.J. since his Harvard days) and vulture bidders Daniel Coleman from GETCO and Vincent Viola from Virtu. While other books lose many people early, Perez whets readers' appetites early by hitting the ground running in chapter one focusing on the chaos that ensued Knight's infamous trades at the opening." "Perez does a tremendous job in making the histories of all of the people and companies involved as easy to digest as possible; peg orders are arguably not an easy concept to explain. Again - excellent book, but readers have to invest some time slogging through the first 25% of the book to get back to the action. As soon as Joyce comes back to the office after surgery and realizes the extent of the challenges ahead, all hell breaks loose and things start to get very exciting again." Perez is widely regarded as the preeminent global expert 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 in English by McGraw-Hill Inc. (2011), published in Mandarin by China Financial Publishing House (2012), and Investasi Super Kilat: Pandangan Orang dalam tentang Fenomena Baru Frekuensi Tinggi yang Mentransformasi Dunia Investasi, published in Bahasa Indonesia by Kompas Gramedia (2012). Perez is course director of The Speed Traders Workshop, 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). He contributes to The New York Times and China’s International Finance News and Sina Finance. Media Contact: Julia Petrova Media Relations Coordinator Knightmare on Wall Street 516-761-4712 info@knightmareonwallstreet.com www.knightmareonwallstreet.com End
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