The Huffington Post Praises Knightmare on Wall Street: Perez’s Book Takes the Reader on a Wild Ride

Edgar Perez, former McKinsey and IBM consultant, is a global speaker and author of The Speed Traders, Knightmare on Wall Street, and the forthcoming The 11th-Hour Deal, Behind Washington’s Closed Doors During the 16-day Government Shutdown of October 2013.

Knightmare on Wall Street - Cover

New York, NY, USA (February 14, 2014) — Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, was recently reviewed by The Huffington Post which praised its “great historical analysis and insights into what exactly went wrong” with Knight Capital. “Edgar Perez’s book takes the reader on a wild ride. A forensic analysis showed how an old forgotten line of code, like an ex-girlfriend, showed up and turned itself on, which began instantly trading a cascade of orders. By 10:00 am that morning, the Knight Capital IT team was able to stop the program, but it continued finishing trades for the next fifteen minutes. Then they began to assess the damage.

James Grundvig, author of the review and CEO/Founder of CloudNician LLC, concludes: “From a platform launch with a morning cup of coffee, to the brink of bankruptcy in less than an hour, Knightmare is a book that is both a page-turner and modern historical drama with outsized egos, supersized packages, and bailouts from rivals who turn into sharks in a chum feeding frenzy.” The full review can be accessed here: http://www.huffingtonpost.com/james-grundvig/book-review-the-meltdown-_b_4719207.html.

Knightmare on Wall Street (http://www.knightmareonwallstreet.com), the fascinating story of Knight Capital, was also the most favorably reviewed Kindle edition book on Amazon in 2013, with an average rating of 5 out of five stars. Knight Capital, founded by Kenneth Pasternak and Walter Raquet in 1995, had seen its fortunes change as U.S. regulators made a series of changes in the structure of financial markets and computers were progressively expanding their share of trading. The Flash Crash, the infamous 1,000 point drop of the DJIA on May 6, 2010 (the largest one-day point decline in history), illustrated how market structure problems could almost instantaneously cascade from one market participant to the rest.

Thomas Joyce, CEO of Knight Capital since 2002 and an unapologetic advocate of electronic trading, had been scornful of those companies that struggled to keep up with ever-changing stock markets. So it was certainly shocking that at 9:30 A.M. on August 1, 2012, right after the markets opened for the day, Knight Capital began issuing an unprecedented number of erroneous orders into the market, due to an error in installing new software. No rogue trader or regulatory change; operational risk was passing the bill to Knight Capital and becoming the biggest risk in the financial markets.

Knight Capital announced later a staggering loss of $440 million. What followed after this shocking announcement were several rounds of desperate conversations with a number of vulture players who had smelled opportunity and were readying themselves to pick up bargain-priced pieces. On August 6, 2012, Joyce confirmed that Knight Capital had struck a deal with Jefferies, TD Ameritrade, Blackstone, GETCO, Stephens, and Stifel Financial, staving off collapse days after the trading mishap.

While Knight Capital was back in the game, its limping recovery quickly prompted hungry competitors to bid for the entire company. On December 19, 2012, the board decided to accept an acquisition proposal from GETCO rather than Virtu Financial. For GETCO, acquiring Knight Capital represented a gigantic fast forward step. For Knight Capital, it was the end of its wild ride as an independent entity.

Mr. Perez (http://www.mredgarperez.com) is widely regarded as the preeminent global expert in investing and 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). Mr. 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 China’s International Finance News and Sina Finance and The New York Times.

Mr. Perez (http://www.facebook.com/AmericasUltimateNetworker) has been interviewed on CNBC, FOX BUSINESS, Bloomberg TV, CNN en Español, Sina Finance, BNN’s Business Day, CCTV China, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media, Channel NewsAsia’s Business Tonight and Cents & Sensibilities. In addition, Mr. Perez has been globally featured on FXFactor, Columbia Business, OpenMarkets, Sohu, News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio, CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com, CBNweek.com, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, ifeng.com, International Finance News, hexun.com, Finance.QQ.com, Finance.Sina.com, The Korea Times, The Korea Herald, The Star, The Malaysian Insider, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and Business Times.

Mr. Perez (http://www.weibo.com/edgarperez) was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co., the American global management consulting firm that focuses on solving issues of concern to senior management; the firm serves as an adviser to businesses, governments, and institutions around the world. McKinsey is widely considered to be the most prestigious management consulting firm in the world, with over 100 offices in 60 countries.

Mr. Perez (http://en.wikipedia.org/wiki/Edgar_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 (https://twitter.com/mredgarperez) resides in the New York City metro area and is an accomplished salsa and hustle dancer.

Media Contact:
Julia Petrova
Media Relations Coordinator
Knightmare on Wall Street
+1-414-FORUMS0
info@knightmareonwallstreet.com
http://www.knightmareonwallstreet.com

The Huffington Post’s James Grundvig Discusses Money Book Knightmare on Wall Street with Edgar Perez

Edgar Perez, former McKinsey and IBM consultant, is a global speaker and author of The Speed Traders, Knightmare on Wall Street, and the forthcoming The 11th-Hour Deal, Behind Washington’s Closed Doors During the 16-day Government Shutdown of October 2013.

Mr. Edgar Perez

New York, NY, USA (February 11, 2014) — James Grundvig, author of the review and CEO/Founder of CloudNician LLC, recently discussed Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, with author Edgar Perez for The Huffington Post. “Perhaps the SEC read his book, because many of its findings can be found in Knightmare on Wall Street. In fact, Perez had addressed the SEC’s Market Abuse Unit in Washington soon after his first book, The Speed Traders, was published.”

Grundvig describes Perez as “a personable, humble, and talented author. His English is breezy, succinct, uses an economy of words to get to the point, and is a pleasure to read. He knows how to hit the right beats to take this true story and give it the drama it deserves, because many lives were ruined because few precautions were taken.” He reveals a number of parties have expressed interest in acquiring the rights to this story. “With the success of Wall Street: Money Never Sleeps and The Wolf of Wall Street, no doubt there is an appetite for stories that depict the dramatic intersections of money and egos,” said Perez.

Knightmare on Wall Street (http://www.knightmareonwallstreet.com), the fascinating story of Knight Capital, was also the most favorably reviewed Kindle edition book on Amazon in 2013, with an average rating of 5 out of five stars. Knight Capital, founded by Kenneth Pasternak and Walter Raquet in 1995, had seen its fortunes change as U.S. regulators made a series of changes in the structure of financial markets and computers were progressively expanding their share of trading. The Flash Crash, the infamous 1,000 point drop of the DJIA on May 6, 2010 (the largest one-day point decline in history), illustrated how market structure problems could almost instantaneously cascade from one market participant to the rest. The full review can be accessed here: http://www.huffingtonpost.com/james-grundvig/book-review-the-meltdown-_b_4719207.html.

Thomas Joyce, CEO of Knight Capital since 2002 and an unapologetic advocate of electronic trading, had been scornful of those companies that struggled to keep up with ever-changing stock markets. So it was certainly shocking that at 9:30 A.M. on August 1, 2012, right after the markets opened for the day, Knight Capital began issuing an unprecedented number of erroneous orders into the market, due to an error in installing new software. No rogue trader or regulatory change; operational risk was passing the bill to Knight Capital and becoming the biggest risk in the financial markets.

Knight Capital announced later a staggering loss of $440 million. What followed after this shocking announcement were several rounds of desperate conversations with a number of vulture players who had smelled opportunity and were readying themselves to pick up bargain-priced pieces. On August 6, 2012, Joyce confirmed that Knight Capital had struck a deal with Jefferies, TD Ameritrade, Blackstone, GETCO, Stephens, and Stifel Financial, staving off collapse days after the trading mishap.

While Knight Capital was back in the game, its limping recovery quickly prompted hungry competitors to bid for the entire company. On December 19, 2012, the board decided to accept an acquisition proposal from GETCO rather than Virtu Financial. For GETCO, acquiring Knight Capital represented a gigantic fast forward step. For Knight Capital, it was the end of its wild ride as an independent entity.

Mr. Perez (http://www.facebook.com/AmericasUltimateNetworker) has been interviewed on CNBC, FOX BUSINESS, Bloomberg TV, CNN en Español, Sina Finance, BNN’s Business Day, CCTV China, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media, Channel NewsAsia’s Business Tonight and Cents & Sensibilities. In addition, Mr. Perez has been globally featured on FXFactor, Columbia Business, OpenMarkets, Sohu, News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio, CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com, CBNweek.com, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, ifeng.com, International Finance News, hexun.com, Finance.QQ.com, Finance.Sina.com, The Korea Times, The Korea Herald, The Star, The Malaysian Insider, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and Business Times.

Mr. Perez (http://www.mredgarperez.com) is widely regarded as the preeminent global expert in investing and 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). Mr. 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 China’s International Finance News and Sina Finance and The New York Times.

Mr. Perez (http://www.weibo.com/edgarperez) was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co., the American global management consulting firm that focuses on solving issues of concern to senior management; the firm serves as an adviser to businesses, governments, and institutions around the world. McKinsey is widely considered to be the most prestigious management consulting firm in the world, with over 100 offices in 60 countries.

Mr. Perez (http://en.wikipedia.org/wiki/Edgar_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 (https://twitter.com/mredgarperez) resides in the New York City metro area and is an accomplished salsa and hustle dancer.

Media Contact:
Julia Petrova
Media Relations Coordinator
Knightmare on Wall Street
+1-414-FORUMS0
info@knightmareonwallstreet.com
http://www.knightmareonwallstreet.com

The Huffington Post’s Book Review: Knightmare on Wall Street is “so Rich in Detail, so Riveting”

Edgar Perez, former McKinsey and IBM consultant, is a global speaker and author of The Speed Traders, Knightmare on Wall Street, and the forthcoming The 11th-Hour Deal, Behind Washington’s Closed Doors During the 16-day Government Shutdown of October 2013.

Knightmare on Wall Street - Cover

New York, NY, USA (February 10, 2014) — Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, was favorably reviewed by The Huffington Post. “Author Edgar Perez’s book is so rich in detail, so riveting, opening with a brief history of the firm and then following with the dramatic August 1, 2012, morning trading meltdown that it boggled this author’s mind.” James Grundvig, author of the review and CEO/Founder of CloudNician LLC, continued: “With no access to Knight’s management, he compiled all the facts to the trading Titanic, with its many parallel story lines, avenues of deep research, and subplots — which savior turned suitor turned predator — and self-published Knightmare on its one-year anniversary in 2013.” The full review can be accessed here: http://www.huffingtonpost.com/james-grundvig/book-review-the-meltdown-_b_4719207.html.

Knightmare on Wall Street (http://www.knightmareonwallstreet.com), the fascinating story of Knight Capital, was also the most favorably reviewed Kindle edition book on Amazon in 2013, with an average rating of 5 out of five stars. Knight Capital, founded by Kenneth Pasternak and Walter Raquet in 1995, had seen its fortunes change as U.S. regulators made a series of changes in the structure of financial markets and computers were progressively expanding their share of trading. The Flash Crash, the infamous 1,000 point drop of the DJIA on May 6, 2010 (the largest one-day point decline in history), illustrated how market structure problems could almost instantaneously cascade from one market participant to the rest.

Thomas Joyce, CEO of Knight Capital since 2002 and an unapologetic advocate of electronic trading, had been scornful of those companies that struggled to keep up with ever-changing stock markets. So it was certainly shocking that at 9:30 A.M. on August 1, 2012, right after the markets opened for the day, Knight Capital began issuing an unprecedented number of erroneous orders into the market, due to an error in installing new software. No rogue trader or regulatory change; operational risk was passing the bill to Knight Capital and becoming the biggest risk in the financial markets.

Knight Capital announced later a staggering loss of $440 million. What followed after this shocking announcement were several rounds of desperate conversations with a number of vulture players who had smelled opportunity and were readying themselves to pick up bargain-priced pieces. On August 6, 2012, Joyce confirmed that Knight Capital had struck a deal with Jefferies, TD Ameritrade, Blackstone, GETCO, Stephens, and Stifel Financial, staving off collapse days after the trading mishap.

While Knight Capital was back in the game, its limping recovery quickly prompted hungry competitors to bid for the entire company. On December 19, 2012, the board decided to accept an acquisition proposal from GETCO rather than Virtu Financial. For GETCO, acquiring Knight Capital represented a gigantic fast forward step. For Knight Capital, it was the end of its wild ride as an independent entity.

Mr. Perez (http://www.mredgarperez.com) is widely regarded as the preeminent global expert in investing and 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). Mr. 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 China’s International Finance News and Sina Finance and The New York Times.

Mr. Perez (http://www.facebook.com/AmericasUltimateNetworker) has been interviewed on CNBC, FOX BUSINESS, Bloomberg TV, CNN en Español, Sina Finance, BNN’s Business Day, CCTV China, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media, Channel NewsAsia’s Business Tonight and Cents & Sensibilities. In addition, Mr. Perez has been globally featured on FXFactor, Columbia Business, OpenMarkets, Sohu, News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio, CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com, CBNweek.com, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, ifeng.com, International Finance News, hexun.com, Finance.QQ.com, Finance.Sina.com, The Korea Times, The Korea Herald, The Star, The Malaysian Insider, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and Business Times.

Mr. Perez (http://www.weibo.com/edgarperez) was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co., the American global management consulting firm that focuses on solving issues of concern to senior management; the firm serves as an adviser to businesses, governments, and institutions around the world. McKinsey is widely considered to be the most prestigious management consulting firm in the world, with over 100 offices in 60 countries.

Mr. Perez (http://en.wikipedia.org/wiki/Edgar_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 (https://twitter.com/mredgarperez) resides in the New York City metro area and is an accomplished salsa and hustle dancer.

Media Contact:
Julia Petrova
Media Relations Coordinator
Knightmare on Wall Street
+1-414-FORUMS0
info@knightmareonwallstreet.com
http://www.knightmareonwallstreet.com

Immediate Shipping for Best Summer Reading at Knightmare on Wall Street Website

Mr. Edgar Perez Logo

Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop, 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 Knight Capital’s 17 years of Tumultuous Existence as an Independent Company.

9

New York City, NY, USA (August 24, 2013) — Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, is the new book by Edgar Perez, the celebrated author of The Speed Traders. As executives and professionals in the finance world get ready for their Labor Day weekend vacation, immediate shipping is now available for Knightmare on Wall Street at http://www.KnightmareonWallStreet.com.

Readers will discover a thrilling minute-by-minute account of the terrifying hours following Knight Capital’s August 1, 2012 trading debacle, with news-breaking research regarding the firm’s 17 years of tumultuous existence as an independent company. Knightmare on Wall Street provides a fascinating account of what it took to elevate the firm to the cusp of the retail investing revolution of the late 1990s, to struggle through booms and busts, and to bring the firm down, to end up ultimately being ignominiously bought up by a competitor.

At 9:30 A.M. on August 1, 2012, right after the markets opened for the day, Knight Capital began issuing an unprecedented number of erroneous orders into the market, due to an error in installing new software. No rogue trader or regulatory change; operational risk was passing the bill to Knight Capital and becoming the biggest risk in the financial markets.

Knight Capital announced later a staggering loss of $440 million. What followed after this shocking announcement were several rounds of desperate conversations with a number of vulture players who had smelled opportunity and were readying themselves to pick up bargain-priced pieces. On August 6, 2012, Joyce confirmed that Knight Capital had struck a deal with Jefferies, TD Ameritrade, Blackstone, GETCO, Stephens, and Stifel Financial, staving off collapse days after the trading mishap.

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
http://www.knightmareonwallstreet.com

Knightmare on Wall Street, Knight Capital Story, Available at KnightmareonWallStreet Website

Mr. Edgar Perez Logo

Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop, 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 Knight Capital’s 17 years of Tumultuous Existence as an Independent Company.

Mr. Edgar Perez

New York City, NY, USA (August 13, 2013) — “What a book! Who knew that a trading error at a Jersey City firm could end up being so interesting? One year ago, the mother of all electronic trading debacles scared Wall Street, when sophisticated trading outfit Knight Capital erroneously launched thousands of orders that led it to accumulate an impossible $7 billion position.” That’s how ModernFinanceReport.com kicks off its review of Edgar Perez’s book, with the headline “Trading firms would do well to heed lessons in testing and crisis management.”

Edgar Perez, the celebrated author of The Speed Traders, announced the release of Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, exclusively available at http://www.KnightmareonWallStreet.com, book that provides a thrilling minute-by-minute account of the terrifying hours following their August 1, 2012 trading debacle, with news-breaking research regarding Knight Capital’s 17 years of tumultuous existence as an independent company.

The firm, founded by Kenneth Pasternak and Walter Raquet in 1995, had seen its fortunes change as U.S. regulators made a series of changes in the structure of financial markets and computers were progressively expanding their share of trading. The Flash Crash, the infamous 1,000 point drop of the DJIA on May 6, 2010 (the largest one-day point decline in history), illustrated how market structure problems could almost instantaneously cascade from one market participant to the rest.

Thomas Joyce, CEO of Knight Capital since 2002 and an unapologetic advocate of electronic trading, had been scornful of those companies that struggled to keep up with ever-changing stock markets. So it was certainly shocking that at 9:30 A.M. on August 1, 2012, right after the markets opened for the day, Knight Capital began issuing an unprecedented number of erroneous orders into the market, due to an error in installing new software. No rogue trader or regulatory change; operational risk was passing the bill to Knight Capital and becoming the biggest risk in the financial markets.

Knight Capital announced later a staggering loss of $440 million. What followed after this shocking announcement were several rounds of desperate conversations with a number of vulture players who had smelled opportunity and were readying themselves to pick up bargain-priced pieces. On August 6, 2012, Joyce confirmed that Knight Capital had struck a deal with Jefferies, TD Ameritrade, Blackstone, GETCO, Stephens, and Stifel Financial, staving off collapse days after the trading mishap.

While Knight Capital was back in the game, its limping recovery quickly prompted hungry competitors to bid for the entire company. On December 19, 2012, the board decided to accept an acquisition proposal from GETCO rather than Virtu Financial. For GETCO, acquiring Knight Capital represented a gigantic fast forward step. For Knight Capital, it was the end of its wild ride as an independent entity.

Knightmare on Wall Street provides a fascinating account of what it took to elevate the firm to the cusp of the retail investing revolution of the late 1990s, to struggle through booms and busts, and to bring the firm down, to end up ultimately being ignominiously bought up by a competitor.

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
http://www.knightmareonwallstreet.com

Knightmare on Wall Street, The Rise and Fall of Knight Capital, Showcases Rich Cast of Characters

Mr. Edgar Perez

Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop, 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 Knight Capital’s 17 years of Tumultuous Existence as an Independent Company.

Knightmare on Wall Street Logo

New York City, NY, USA (August 12, 2013) — Edgar Perez, the celebrated author of The Speed Traders, follows in its tradition of stellar shows with the release of Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, exclusively available at http://www.KnightmareonWallStreet.com, book that provides a thrilling minute-by-minute account of the terrifying hours following their August 1, 2012 trading debacle, with news-breaking research regarding Knight Capital’s 17 years of tumultuous existence as an independent company.

Knightmare on Wall Street’s rich cast of characters includes the founders, the management team throughout the years and the team at the time of their August 1, 2012, trading debacle.

The Founders
* Walter Raquet, Executive Vice President, the genius behind Knight’s trailblazing idea
* Kenneth Pasternak, Chief Executive Officer, the ultimate trader that led through Knight’s initial years
* Steven Steinman, Founder, Trimark Group
* Robert Lazarowitz, Chief Operating Officer, Trimark Group

Management Throughout The First Years
* John Hewitt, President, Knight Securities
* Peter Hajas, Chief Executive Officer, Arbitrade, and later Chief Executive Officer of Knight Financial Products
* Robert Turner, Chief Financial Officer, Executive Vice President, Treasurer and Director
* Irv Kessler and Efi Gildor, Co-founders, Arbitrade, acquired by Knight
* David Shpilberg, Executive Vice President, Chief Operating Officer
* Diego Baez, Senior Vice President, Electronic Trading
* Anthony Sanfilippo, President and Chief Executive Officer of Knight Capital Markets, and later interim Chief Executive Officer
* John Leighton, Head of Institutional Trading
* Robert Stellato, Head of Institutional Trading and former leader of the NASDAQ sales team at Goldman Sachs

Management when the trading incident happened
* Thomas Joyce, Chairman and Chief Executive Officer
* Steven Sadoff, Executive Vice President, Global Head of Operations, Services, and Technology
* George Sohos, Head of the Electronic Trading Group (ETG)
* Joseph Wald, former EdgeTrade’s Chief Executive Officer, Head of Institutional Electronic Trade Execution Services
* Kara Fitzsimmons, Managing Director of Media Relations
* Meaghan Mullins, Managing Director, Electronic Services, global voice and electronic access products
* Tara Muller, Managing Director, Electronic Trading, Knight Link
* Erica Attonito, Managing Director, Knight Link and Knight Match

The Technology Team
* Michael Strashnov, Managing Director
* Milind Deshpande, Director
* Kok Sang, Director and SMARS leader; ultimately, directly responsible for the August 1 glitch

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
http://www.knightmareonwallstreet.com

Heroes and Villains Populate Knightmare on Wall Street Book as Captured by Perez’s Keen Insight

Mr. Edgar Perez Logo

Edgar 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 Knight Capital’s 17 years of Tumultuous Existence as an Independent Company.

Knightmare on Wall Street - Edgar Perez 2

New York City, NY, USA (August 2, 2013) — “Ever since the Knight Capital trading disaster broke in August 1, 2012, investors and traders have been morbidly fascinated by the incident. How had so sophisticated a company managed to burn though $440 million in a bit more than half an hour? How could the firm endure the bleeding for what amounted to years in electronic trading? Some of us could imagine ourselves among the members of the management team in those tragic minutes; others found an unimaginable relief in watching the financial tragedy unfolds in front of their eyes and not inside their own firms.” That’s how UltraHighFrequencyTrading.com kicks off its review of Edgar Perez’s latest title, Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, now exclusively available at http://www.KnightmareonWallStreet.com.

The editors at UltraHighFrequencyTrading.com praise Knightmare on Wall Street’s “superlative account of the coming-of-age of high frequency trading, and the definitive chronicle of Knight Capital’s impressive ascendancy and lightning toppling.” They continue: “Perez takes the reader on a riveting journey while providing a record of verbatim verbal exchanges between the major players, as their personalities, decisions, ambitions and indecisions send ripples throughout the financial markets. Heroes, villains and human fallibility populate this true story as captured by the author’s keen insight and imaginative presentation.”

“Perez’s story holds us not because of the absorbing details of the incident, but because of its human dimension. ‘Knightmare on Wall Street’ begins by reconstructing the events of that grim morning during which the firm begun spewing orders and scaring traders on the floor of the New York Stock Exchange on the day of the launch of the Retail Liquidity Program. Top managers, including Steven Sadoff and Michael Tobin, failed to act decisively in the absence of their CEO. Perez clearly does not believe that they were ultimate responsible in the extraordinary failure. But in Perez’s telling, they should have known better, much better.”

“Perez takes the reader on a riveting ride through trading rooms where the personalities of the major players are revealed. ‘Knightmare on Wall Street’ is certain to become a seminal classic among the pertinent Wall Street literature, alongside such heavyweight tomes as Barbarians at the Gate, Liar’s Poker, When Genius Failed and Den of Thieves. It is not merely a compelling and essential text for anyone who wishes to comprehend the climate of algorithmic trading, or anyone who wants to gain insight into the future evolution of financial markets and its discontents. This is a highly recommended read for anyone desiring the inside scoop about today’s electronic and high-frequency trading.”

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
http://www.knightmareonwallstreet.com