High-Frequency Trading Happy Hour London (http://www.HFTHappyHour.com), November 3, Will Bring Together a Who’s Who of the Speed Trading World, for an Evening of Networking and Cocktails, First Time even in London
FOR IMMEDIATE RELEASE / PRURGENT
Edgar Perez, Author, The Speed Traders, will host High Frequency Trading Happy Hour London, http://www.HFTHappyHour.com, business reception that will congregate Thursday November 3 a who’s who of the speed trading world for an evening of networking and cocktails. Traders, quants, managers, investors, allocators, service providers and consultants will be together for the first time in London for the world’s best networking in the high-frequency trading community, after New York, Chicago, Hong Kong, Mumbai and Singapore.
While a flight from New York to London takes over six hours, financial transactions between the two financial capitals can now be completed in around 60 milliseconds, after a new transatlantic cable will shave five milliseconds off the previous capability.
As reported by Popular Mechanics magazine, the first transatlantic cable to be laid in 10 years will not carry voice or Internet data. Instead, the line from New York to London will beam financial data to money marketers and hedge fund traders. And thanks to a shorter route than its competitors, the fiberoptic cable will transmit information across the Atlantic 5 milliseconds faster.
"If you are trading in one market you want to be listening to the other markets," says Bjarni Thorvardarson, CEO of Hibernia Atlantic, the company building the new line. "And if you know something 5 milliseconds faster or sooner than somebody else, you have a big leg up."
The reason 5 milliseconds matters—and why beating that time lag could mean so much to a financial firm’s bottom line—is that high-frequency traders now automate many of their trades. Algorithms automatically execute sales and purchases based on triggers in financial data. Every trader has his or her own investment strategies, but the software often uses the same data. And as always in the world of trading, the first orders on the books are the first ones executed. With computers racing each other, a millisecond can place an order at the head of the line, before prices change as more algorithms place similar orders.
High-Frequency Trading Happy Hour London is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Upcoming Golden Networking's Forums and Business Receptions include:
• High-Frequency Trading Happy Hour London (http://hfthappyhourlondon.eventbrite.com), November 3, London
• Hedge Funds Happy Hour New York (http://www.hfhappyhour.com), November 8, New York City
• High-Frequency Trading Happy Hour New York (http://www.hfthappyhour.com), November 8, New York City
• The Speed Traders Workshop 2011 Singapore, "The Present and Future of High-Frequency Trading" (http://thespeedtradersworkshopsingapore.eventbrite.com), November 13, Singapore
• High-Frequency Trading Leaders Forum 2011 Singapore, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsingapore.eventbrite.com), November 13-15, Singapore
• Private Equity Happy Hour New York (http://pehappyhour.com), November 15, New York
• The Speed Traders Workshop 2011 Hong Kong, "The Present and Future of High-Frequency Trading" (http://thespeedtradersworkshophk.eventbrite.com), December 12, Hong Kong
• High-Frequency Trading Leaders Forum 2011 Hong Kong , "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumhongkong.eventbrite.com), December, 12-14, Hong Kong
• The Speed Traders Workshop 2011 Sao Paulo, "The Present and Future of High-Frequency Trading" (http://thespeedtradersworkshopsaopaulo.eventbrite.com), February 1, 2012, Sao Paulo
• High-Frequency Trading Leaders Forum 2011 Sao Paulo, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsaopaulo.eventbrite.com), February 1-3, 2012, Sao Paulo, Brazil
Golden Networking has compiled the insights of top experts and industry practitioners and produced DVD Video Packages for its Leaders and Experts Forums, including:
• High Frequency Trading Leaders Forum 2011 DVD Video Package, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", http://www.HFTLeadersForum.com
• High Frequency Trading Experts Workshop DVD Video Package, "Practical Implementation of High Frequency Trading Strategies", http://www.HFTExpertsWorkshop.com
• 2nd China Leaders Forum DVD Video Package, "Is the Chinese Dragon Poised for Global Dominance or Economic Implosion?", http://www.ChinaLeadersForum.com
• Distressed Investing Experts Forum 2010 DVD Video Package, "Analyzing and Valuing Distressed Companies, Securities and Real Estate", http://www.DistressedInvestingExpertsForum.com
• Derivatives Leaders Forum 2010 DVD Video Package, "Strategies for Increasing Profits under an Evolving Regulatory Framework", http://www.DerivativesLeadersForum.com
• High Frequency Trading Leaders Forum 2010 DVD Video Package, "Innovating and Profiting from High Frequency Trading in 2010 and Beyond", http://www.HFTLeadersForum.com
• Hedge Funds Leaders Forum 2010 DVD Video Package, "Generating Alpha in Challenging Times", http://www.HedgeFundsLeadersForum.com
• High Frequency Trading Experts Forum 2010 DVD Video Package, "Starting and Running a High Frequency Trading Operation", http://www.HFTExpertsForum.com
• Distressed Investing Leaders Forum 2010 DVD Video Package, "Extraordinary Opportunities Investors Cannot Afford to Pass",
http://www.DistressedInvestingLeadersForum.com
• China Leaders Forum 2009 DVD Video Package, "Addressing the Challenges Posed by the Present Wave of Chinese Globalization", http://www.ChinaLeadersForum.com
• Distressed Investing Leaders Forum 2009 DVD Video Package, "The Most Comprehensive Guide for Any Investor in Distressed Assets", http://www.DistressedInvestingLeadersForum.com
Golden Networking has been frequently featured in the press, including recent articles in The Wall Street Journal, "Happy Hour for High-Frequency Trading", The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections", Los Angeles Times, "Speed-addicted traders dominate today's stock market", Reuters, "Revamp looms as trading experts huddle at SEC" and Columbia Business School's Hermes Alumni Magazine, "10 Under 10". |
