Oliver Linton, Faculty of Economics, University of Cambridge, Keynote at Foremost London HFT Summit

Golden Networking

Golden Networking hosts the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013 London “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, December 5 (www.HFTLeadersForum).

Professor Oliver Linton

New York City, NY, USA (November 10, 2013) — Professor Oliver Linton, Chair of Political Economy at Cambridge University and Foresight Project Member of the Lead Expert Group on Algorithmic and High-Frequency Trading, will speak at High-Frequency Trading Leaders Forum 2013,”Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” (http://www.HFT-Leaders-Forum.com), organized by Golden Networking, forum that will bring the latest on speed trading to one of the world’s financial capitals, London, on December 5.

Professor Linton is a member of the Government Office for Science Foresight Lead Expert Group on The Future of Computer Trading in Financial Markets. Their final report, published in 2012, sheds new light on technological advances which have transformed market structures in recent years. This independent and international study has involved 150 leading experts from more 20 countries to provide the best possible analysis on computer trading to date. Sponsored by Her Majesty’s Treasury, the project was led by the Government Office for Science under the direction of the Government’s Chief Scientific Adviser, Professor Sir John Beddington. It has involved leading experts in the field and explored how computer generated trading in financial markets will evolve over the next 10 years. It assembled and analyzed evidence on the effect of HFT on financial markets looking out to 2022.

Professor Linton holds the Chair of Political Economy at Cambridge University, having previously held the post of Professor of Econometrics at the London School of Economics. He is a Fellow of the Econometric Society, of the Institute of Mathematical Statistics and of the British Academy. A former Professor of Economics at Yale University, he is the author of over one hundred articles in the areas of econometric theory and financial econometrics. Within financial econometrics he is interested in high frequency data and in low frequency panel data issues.

His research interests are nonparametric and semiparametric methods, particularly as applied to bandwidth choice and to efficiency comparisons between first order equivalent procedures, leading to examination of practical problems such as how to choose bandwidth, the curse of dimensionality, and how to obtain good approximations to the actual sampling variability of the estimators. He is also interested in financial econometrics. Professor Linton has also acted in a consulting or advisory capacity for (among others) Hargreaves Lansdown, Rio Tinto, the Financial Services Authority (FSA), Royal and Sun Alliance and Concordia Asset Management.

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading-Conference.com) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” will bring insights for investors and speed traders, who need to protect and refine their competitive advantage in a world dominated by algorithmic and high-frequency trading. Recognized practitioners, regulators, experts, and strategists will return to High-Frequency Trading Leaders Forum 2013 London to provide hundreds of attendees with the information they are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

High Frequency Trading Leaders Forum 2013 is produced by Golden Networking (http://www.goldennetworking.com), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by calling +1-414-FORUMS0 or sending an email to information@goldennetworking.com.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

FGS Chief Executive Officer, Giovanni Beliossi, at High-frequency Trading Leaders Forum 2013 London

Golden Networking

Golden Networking hosts the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013 London “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, December 5 (www.HFTLeadersForum).

Mr. Giovanni Beliossi

New York City, NY, USA (November 10, 2013) — Giovanni Beliossi, expert in equity-market-neutral portfolios, will be joining other high-profile panelists at the most influential high-frequency trading conference in the world, High-Frequency Trading Leaders Forum 2013,”Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” (http://www.HFT-Leaders-Forum.com), organized by Golden Networking, forum that will bring the latest on speed trading to one of the world’s financial capitals, London, on December 5.

Mr. Beliossi is Managing Partner at FGS Capital LLP, where he has been CEO and is responsible for portfolio management since co-founding the firm in 2002. Previously he was Associate Director of hedge funds at First Quadrant Ltd, where he set up and managed its Pan European long/short equity market neutral portfolios, and was responsible for UK-based hedge fund business. His experience of managing equity-market-neutral portfolios dates back to 1995, when he joined the firm.

Prior to that he was a tenured Research Fellow with the Economics Department of the University of Bologna in Italy, and he has held appointments with BARRA International and Eastern Group Plc.

Mr. Beliossi is also a Board and Research Committee member of Inquire UK and Inquire Europe, and a Board member of the International Association of Financial Engineers (IAFE). He is the European Chair of the Steering Group of the Investor Risk Committee (IRC) of IAFE working on guidelines for disclosure and transparency for hedge funds. Mr. Beliossi is a CFA Charterholder.

Mr. Beliossi received a Master of Arts, Financial Economics, from University of Essex and a Bachelor in Economics from Università di Bologna.

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading-Conference.com) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” will bring insights for investors and speed traders, who need to protect and refine their competitive advantage in a world dominated by algorithmic and high-frequency trading. Recognized practitioners, regulators, experts, and strategists will return to High-Frequency Trading Leaders Forum 2013 London to provide hundreds of attendees with the information they are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

High Frequency Trading Leaders Forum 2013 is produced by Golden Networking (http://www.goldennetworking.com), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by calling +1-414-FORUMS0 or sending an email to information@goldennetworking.com.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Expert in German Hedge Funds Marcus Storr at Noted High-frequency Trading Leaders Forum 2013 London

Golden Networking

Golden Networking hosts the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013 London “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, December 5 (www.HFTLeadersForum).

Mr. Marcus Storr

New York City, NY, USA (November 10, 2013) — Marcus Storr, Head of Hedge Funds with Feri Trust GmbH, will speak at High-Frequency Trading Leaders Forum 2013,”Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” (http://www.HFT-Leaders-Forum.com), organized by Golden Networking, forum that will bring the latest on speed trading to one of the world’s financial capitals, London, on December 5.

Mr. Storr joined Feri Trust GmbH in 2005. He is responsible for the portfolio management, hedge fund manager selection (offshore & UCITS) and due diligence within the hedge fund department. Furthermore he is responsible for hedge fund operations including client reporting. Within the Asset Management division he is also responsible for Absolute Return mandates and general asset allocation. He has strong contacts to institutional investors in German-speaking Europe.

Before joining Feri, Mr. Storr was Head of the Strategic Advisory Team at Sachsen LB in Leipzig reporting directly to the CEO. From 1999 to 2003 he was a Director within the Global Equities department of Dresdner Kleinwort Wasserstein in London, being responsible for European equity research within the Capital Goods sector as well as being the lead analyst on several successful IPOs and M&A transactions. Prior to this he was working for Robert Flemings (acquired by JPMorgan) in London. He has over 20 years of experience in capital markets, financial transactions and manager selection.

Mr. Storr has been speaking at numerous conferences worldwide and is a sought-after interview partner. He has written several articles on hedge funds which have been published in professional academic journals, industry magazines and financial books.

Mr. Storr holds a masters’ degree in Finance/Capital markets and international management / economics from the Humboldt University Berlin.

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading-Conference.com) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” will bring insights for investors and speed traders, who need to protect and refine their competitive advantage in a world dominated by algorithmic and high-frequency trading. Recognized practitioners, regulators, experts, and strategists will return to High-Frequency Trading Leaders Forum 2013 London to provide hundreds of attendees with the information they are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

High Frequency Trading Leaders Forum 2013 is produced by Golden Networking (http://www.goldennetworking.com), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by calling +1-414-FORUMS0 or sending an email to information@goldennetworking.com.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Tech2Trade Expo 2013 New York City to Discuss HFT not Driving Investors from the Stock Market

Golden Networking

Golden Networking brings Tech2Trade Expo 2013 (www.Tech2TradeExpo.com), World’s Most Influential Alternative Investments Conference Series, including High Frequency Trading Leaders Forum 2013, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” New York City, London, Chicago, Singapore and Frankfurt (www.High-Frequency-Trading-Conference.com).

Tech2Trade Expo

New York City, NY, USA (July 12, 2013) — For a long time, only a tiny group of folks like me cared about the structures through which investors’ orders to buy and sell stocks and other financial instruments were actually traded. Lately, that has changed, as it will be noted at High Frequency Trading Leaders Forum 2013 New York City, July 30th, as part of Tech2Trade Expo 2013 New York City (http://www.Tech2TradeExpo.com).

According to a Financial Times op-ed, a few years ago, during the peak of the financial crisis, the rest of the world started waking up to what my fellow geeks and I had long known: US equity market structure had undergone a vast, long-term transformation – from a simple, mostly manual system to an extraordinarily complex, highly automated one – and that this metamorphosis was spreading to other markets globally.

Once relegated to obscure trade journals and dry industry conferences, market structure is now front-page news. And that coverage tends to focus on episodes in which technology fails: the 2010 “flash crash” in US markets and, in 2012, the aborted initial public offering of exchange company BATS Global Markets, systems troubles that affected the Facebook IPO and a software glitch at Knight Capital Group.

News stories, blogs and social media posts refer ominously to such incidents and, generally, to high-frequency trading, as seriously damaging investor confidence. The average reader could be forgiven for thinking that worries over HFT and modern market structure are driving mom-and-pop investors from the stock market in droves, like so many terrified villagers in a Godzilla film.

Justin Schack, managing director and partner at Rosenblatt Securities in New York, agrees that today’s structure may not be pretty, and elements of it surely need fixing, but it wound up delivering better outcomes for end investors than what it replaced. Transaction cost data from multiple vendors show that institutional investors can implement ideas far more cheaply today than before the transformation. This includes not just exchange fees and broker commissions, but also the price impact of large trades hitting the market. New, fundamental changes to market-structure regulation could trigger another transformative cycle, with no guarantee that investor outcomes would improve in the end.

Golden Networking’s High Frequency Trading Leaders Forum 2013 will examine the speed trading industry from various angles, in an opened and unbiased environment highly conducive to networking. Topics to be discussed at High Frequency Trading Leaders Forum 2013 will include:

– Low Latency: How can Ultra-Low Latency be Achieved for High-Frequency Trading?
– Emerging Markets: How will Emerging Markets from Brazil to China Affect the Scope of High-frequency Trading?
– Robotic Markets: As High-frequency Trading Embraces Robotic Markets Worldwide, How Will Participants be Able to Find new Opportunities to Sustain Alpha Creation?
– Regulatory Impact: With High-frequency Trading in the Spotlight, how will New Regulations Change the Industry?
– The Future of HFT: How will High-frequency Trading Evolve in Ever-changing Technology and Regulatory Environments?

Tech2Trade Expo 2013, to be held in New York City, London, Chicago, Singapore and Frankfurt, is the world’s most influential alternative investments forum for the hedge fund, high-frequency trading and derivatives communities. With dozens of practitioners, experts and regulators speaking in our programs, Tech2Trade Expo 2013 provides hundreds of investors, traders and portfolio managers with the key lessons, proven recipes and penetrating insights they are looking for to capture alpha in up and down markets.

High Frequency Trading Leaders Forum 2013 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to download our Information Package or contact Golden Networking directly by calling +1-414-FORUMS0 or sending an email to information@goldennetworking.net.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

In Search of Liquidity at Tech2Trade 2013, World’s Most Influential High-frequency Trading Conference

Golden Networking

Golden Networking brings Tech2Trade Expo 2013 (www.Tech2TradeExpo.com), World’s Most Influential Alternative Investments Conference Series, including High Frequency Trading Leaders Forum 2013, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” New York City, London, Chicago, Singapore and Frankfurt (www.High-Frequency-Trading-Conference.com).

HFTLF 2013 New York

New York City, NY, USA (June 25, 2013) — A deeply liquid market is considered a sign of a healthy market with lots of participants, but Commissioner Bart Chilton, Commodity Futures Trading Commission, says all liquidity may not be the same and could be distorting markets. The CFTC is concerned that some of the liquidity that may be provided by high-frequency traders could be “fantasy liquidity created by ‘wash’ sales,” which is prohibited under both the Commodity Exchange Act and exchange rules.

High-frequency traders enter and exit the market quickly and can do so multiple times a day, helping to create a more liquid market. But they’re a relatively new addition to the trading world and Chilton said how they operate needs closer scrutiny, especially since at times they can be 30% to 50% of a market. The concern is over “wash” trades, which happens a trader trades with himself, in other words puts out a bid price and matches it. “If you’re trading with yourself, you have nothing to lose, you’re not taking a risk. If this was occurring a little bit, it would be no harm, no foul,” Chilton said.

However, he said, this is happening more than a little bit, calling the wash trades “voluminous.” Chilton said there may be two reasons why these wash trades are happening. One is to make it look like there is deep volume to entice other people to trade those markets. Second, these traders may be part of legitimate market-maker programs, which is when an exchange pays a market-maker to provide liquidity. “But it’s dangerous if you’re trading with yourself and taking no risk. It can also affect price discovery and hurts consumers,” he said.

To discuss the eternal liquidity challenge, Golden Networking is pleased to host Tech2Trade Expo 2013’s High Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading-Conference.com), “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, this July 30 in New York City, September 18 in London., October 8 in Chicago, October 24 in Singapore and November 21 in Frankfurt.

“Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” is the theme of High-Frequency Trading Leaders Forum 2013, forum that will provide attendees in New York City, London, Chicago, Singapore and Frankfurt with the most up-to-date review of where this ever-changing industry stands through an insightful keynote speeches and thought-provoking panels with leaders in the field. “High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access.” said Edgar Perez, author of The Speed Traders and the forthcoming Knightmare on Wall Street. Recognized experts, regulators, and strategists, will return to High-Frequency Trading Leaders Forum 2013 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

High Frequency Trading Leaders Forum 2013, co-located with Hedge Funds Leaders Forum 2013 and Derivatives Trading Forum 2013, is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to download our Information Package or contact Golden Networking directly by calling +1-414-FORUMS0 or sending an email to information@goldennetworking.net.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

New Regulatory Regimes for Derivatives at Tech2Trade Expo’s Derivatives Trading Forum 2013

Golden Networking

Golden Networking brings Tech2Trade Expo 2013 (www.Tech2TradeExpo.com), World’s Most Influential Alternative Investments Conference Series, including Derivatives Trading Forum 2013, “Global Implementation of Regulatory Reform in the $640 Trillion OTC Derivatives Market,” New York City, London, Chicago, Singapore and Frankfurt (www.DerivativesTradingForum.com).

DTF 2013 New York City

New York City, NY, USA (June 25, 2013) — Over the past five years, the European Union and the U.S. have developed separate, new regulatory regimes for derivatives, aimed at protecting our financial systems, economies and taxpayers from a repeat of the 2008 crisis. European Markets and Infrastructure Regulation, the EU’s strict and comprehensive set of rules for derivatives transactions, became law in August and took effect in March. EMIR fulfills the commitments made by the leaders of Group of 20 nations to improve safety and transparency by requiring reporting and mandatory clearing for derivative trades. Trading rules will soon follow.

EMIR is stricter and broader in scope than the Dodd-Frank Act of 2010, which regulates U.S. markets. For instance, in Europe, all financial companies regardless of size are required to clear their derivatives trades and report them to trade repositories, and there is no carve-out for foreign-exchange transactions. The EU’s capital standards for clearing houses are much tougher. EMIR’s transparency obligations, both pre-trade and post-trade, are more rigorous than those in force in the U.S.

Following the entry into force of these regulations, market participants are dealing with a complex list of requirements to be fulfilled at different deadlines in the coming months. For market participants, the key challenge will be to meet the central clearing and trade reporting obligations, while regulators strive to ensure consistency with foreign jurisdictions so as to limit the unintended effects of extraterritoriality.

Golden Networking is pleased to host at Tech2Trade Expo 2013’s Derivatives Trading Forum 2013 (http://www.DerivativesTradingForum.com), this July 30 in New York City, September 18 in London, October 8 in Chicago, October 24 in Singapore and November 21 in Frankfurt. Derivatives Trading Forum 2013, “Global Implementation of Regulatory Reform in the $640 Trillion OTC Derivatives Market”, aims at critically reviewing recent regulatory developments and identifying opportunities and challenges in the implementation process, which may influence its full entry into force in America, Europe and Asia. This recent regulation, with its implementing rules, will certainly reshape OTC derivative markets and produce structural changes in the financial industry, with effects for the real economy.

Golden Networking’s Derivatives Trading Forum 2013, “Global Implementation of Regulatory Reform in the $640 Trillion OTC Derivatives Market”, will provide attendees with answers to all their questions on how to successfully navigate the new regulatory landscape for over-the-counter and exchange-traded derivatives, devise profit-increasing strategies to enhance the performance of their trading desks and anticipate further developments in the industry. Recognized industry experts will provide attendees with the information they are looking for in an open and unbiased environment. Leaders in the industry will also discuss long-term market and industry perspectives, taking into consideration the interaction of the Dodd-Frank Act and EMIR with other pieces of legislation.

Derivatives Trading Forum 2013, co-located with Hedge Funds Leaders Forum 2013 and High Frequency Trading Leaders Forum 2013, is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to download our Information Package or contact Golden Networking directly by calling +1-414-FORUMS0 or sending an email to info@goldennetworking.net.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Chasing Alternative Investments Risk-Adjusted Alpha at Tech2Trade’s Hedge Funds Leaders Forum 2013

Golden Networking

Golden Networking brings Tech2Trade Expo 2013 (www.Tech2TradeExpo.com), World’s Most Influential Alternative Investments Conference Series, now incorporating Hedge Funds Leaders Forum 2013, “Getting Ready to Manage $5 Trillion by 2016,” New York City, London, Chicago, Singapore and Frankfurt (www.HedgeFundsLeadersForum.com).

HFLF 2013 New York City

New York City, NY, USA (June 25, 2013) — As hedge funds have matured as an alternative asset class they have been increasingly embraced by institutional investors of all sizes, as well as high net worth investors, Tim Ng, Managing Director, Clearbrook Global Advisors, says. Their very success or perceived non-success may also be creating confusion for some investors. This issue is more important than ever before due to the changing landscape of hedge fund investing that has shifted from predominantly an asset class filled with high net worth investors, to now being dominated by major institutional investors.

The growing dependence on hedge fund returns by institutional investors to provide alpha and downside risk mitigation versus traditional long only assets makes it more important than ever to properly identify, understand and employ the proper hedge fund to meet the specific return, risk and liquidity objectives of the institutional investors. Over many years and now decades, we believe that hedge funds have been a misunderstood asset class due to investors and advisors alike grouping hedge funds into a single melting pot and believing any hedge fund should be able to accomplish what the client needs.

Institutional investors today are confronted with achieving acceptable rates of return and the need to mitigate downside risk. Pension funds in this low interest rate environment are seeing their underfunding status worsen, and endowments are needing to find other means with which to meet their annual spending needs. Therefore, Ng says, it is important for institutions to ferret out and employ investments that can meet their targeted rates of return without taking on an inordinate amount of risk. The choice of the appropriate hedge fund to either provide risk/adjusted alpha versus equities or a moderate fixed income like return can help institutions to reduce their volatility and enhance returns over time. Lower volatility and smaller potential portfolio draw-downs lead to a greater wealth effect and compounding of return for the institution.

The consistent compounding of returns will permit institutions to better meet their liabilities and spending needs, as hundreds of the most important players in alternative investments in the world will find out at Tech2Trade Expo 2013’s Hedge Funds Leaders Forum 2013 (http://www.HedgeFundsLeadersForum.com), “Getting Ready to Manage $5 Trillion by 2016”, this July 30 in New York City, September 18 in London., October 8 in Chicago, October 24 in Singapore and November 21 in Frankfurt. A virtual who’s who will soon follow as one legendary manager after another will take the stage. Billions of investable assets will be represented by influential local and international investors who will listen with rapt attention as star managers and analysts discuss and debate the biggest issues facing the industry today.

Hedge Funds Leaders Forum 2013, co-located with High Frequency Trading Leaders Forum 2013 and Derivatives Trading Forum 2013, is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to download our Information Package or contact Golden Networking directly by calling +1-414-FORUMS0 or sending an email to information@goldennetworking.net.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net