Seminar
23 October 2014 Singapore, Singapore

The Speed Traders Workshop

Tickets

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Get entrance ticket to exhibition in advance to your e-mail – fill in a short form.
Tickets for "The Speed Traders Workshop " (10/23/2014 – 10/23/2014)
Ticket sales have ended on 23-10-2014 18:00

Event details

Global scrutiny of high-frequency trading and whether it gives some investors unfair advantage has intensified amid government probes and the March 31, 2014 publication of "Flash Boys" by Michael Lewis. While those examinations have focused mostly on U.S. equity markets, such as dark pools run by banks and broker-dealers and exchanges owned by companies including Nasdaq OMX, IntercontinentalExchange Group's NYSE Euronext and Bats Global Markets, high-frequency traders are active internationally in futures, FX and fixed income markets, as they also run multi-asset strategies.

High-frequency traders have been called many things, from emerging masters of the universe and market pioneers to exploiters, computer geeks, and even predators and thieves. Everyone in the business of investing has an opinion of speed traders, but how many really understand how they operate? The shadow people of the investing world, today's high-frequency traders have decidedly kept a low profile, until now.

The Speed Traders Workshop, the first and most comprehensive initiation to the world of high-frequency trading, opens the door to the secretive world of computerized low-latency trading, the most controversial form of investing today; in the name of protecting the algorithms they have spent so much time perfecting, speed traders almost never talk to the press and try to disclose as little as possible about how they operate.

The Speed Traders Workshop covers the latest research currently available and reveals how high-frequency trading players are operating in global markets and driving the development of electronic trading at breakneck speeds from the U.S. and Europe to Japan, India, and Brazil. The “flash crash”, the suspended BATS IPO, the botched Facebook IPO, Knight Capital's trading malfunction and NASDAQ's Flash Freeze are just a few of the milestones in the history of high-frequency trading that will be dissected with participants.

Expected results

Workshop Highlights

  • The first and most comprehensive global initiation to the world of high-frequency trading
  • Key enablers of high-frequency trading in the U.S., Europe and Asia
  • Strategies high-frequency traders leverage to find alpha in up and down markets
  • Techniques to detect and avoid high-frequency trading in the markets
  • Regulatory framework and initiatives for speed trading
  • Latest update on high-frequency trading in the world and current regulatory initiatives after the "flash crash" and Michael Lewis' "Flash Boys"
  • Up-to-date review of the future of high-frequency trading
  • Study materials developed by Edgar Perez, the author of the most popular books on the subject of high-frequency trading, The Speed Traders and Knightmare on Wall Street, commentator on Bloomberg, CNN, CNBC, FOX Business News and other business media, and a well-known presenter in conferences and seminars in America, Europe and Asia

Event program

Program

0930 - 1000 Registration and continental breakfast

1000 - 1100 "The Stock Market is rigged"

  • Modernization of the National Market System for equity securities in the US with Reg NMS
  • Dynamics of MTFs, systematic internalisers and other exchanges from around Europe with MiFID
  • How exchanges, ATSs/MTFs, dark pools and broker-sponsored platforms interact today
  • Beyond equities: impact of Dodd-Frank and EMIR on OTC derivatives trading

1100 - 1200 Global Dynamics of Securities Trading Today

  • The evolution of market structure and the advent of high-frequency trading
  • Stock trading from the Buttonwood Agreement to the emergence of electronic trading
  • Factors that contributed to the growth and development of high-frequency trading
  • The perceived unfairness of high-frequency trading for individual and institutional investors

1200 - 1300 Lunch

1300 - 1400 Understanding High-frequency Trading in Equities and other Asset Classes

  • Definition of high-frequency and the search for low-latency through co-location and data feeds
  • The need for speed and sophisticated computer programs in generating, routing, and executing orders
  • Contrasting high-frequency trading algorithms with those of longer time horizon strategies
  • The most important strategies: market making, trend following, statistical arbitrage and others

1400 - 1500 Key Enablers for High Frequency Trading

  • Technological innovation: computing power, complex event processing, and low-latency bandwidth
  • Shift to electronic trading and the rise of alternative trading systems
  • In-depth look at strategy development process high-frequency traders use to find alpha
  • The profitability of typical High-frequency trading strategies and its evolution

1500 - 1530 Afternoon break

1530 - 1630 Global Regulatory Overview: From the U.S. and Europe to China and Brazil

  • The perceived dangers of HFT and regulations in place before the "flash crash"
  • Proposed regulatory initiatives in the U.S. and Europe, circuit breakers, limit up limit down and others
  • High-frequency trading regulation in Asia, from Japan, Singapore and India to Hong Kong and China
  • Regulating speed trading to samba beats: Brazil and Mexico

1630 - 1730 The Future of High Frequency Trading

  • Enhancing profitability: from equities to FX to multi-asset trading
  • Global trends with high-frequency trading in the world
  • Adding ammunition to the high-frequency trader toolkit, FPGA, GPUs, fiber, microwave and enhanced technologies
  • Turning the tables on high-frequency trading: the transparency challenge for the buy-side

1730 - 1800 Q&A and closing of the program

23 October 2014
Thursday
Singapore Conference Hall
Singapore, Singapore
7 Shenton Way Singapore Conference Hall