Golden Networking

Early Bird RSVP for High-Frequency Trading Asian Conference to Expire Tomorrow

Frequency Trading Leaders Forum 2011, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", Hosted by Golden Networking, now in Hong Kong, Chicago, Sao Paulo and Singapore; Early Bird Registration to Expire July 21

 

New York, NY -- (SBWIRE) -- 07/22/2011 -- Only a day is left for Early Bird Registration for High-Frequency Trading Leaders Forum 2011 Hong Kong, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", September, 19-21, (http://www.HFTLeadersForum.com) to expire.

If last May’s High-Frequency Trading Leaders Forum 2011 in New York is any indication, this Hong Kong forum will bring together traders, quants and investors to discuss high-frequency trading and the strategies that make it so consistently profitable. Manoj Narang, Chief Executive Officer of Tradeworx, has commented that consistency is what makes high-frequency trading so appealing. A successful high-frequency trading strategy will generally have a Sharpe ratio higher than four, and a successful high-frequency trading operation which runs multiple high-frequency strategies will generally have a double-digit Sharpe ratio. Such high Sharpe ratios are unheard of in traditional investment styles ran by major institutions.

To get this high level of consistency, you must exploit the ‘law of large numbers’, which is the most fundamental principle of statistics, to the maximum possible degree. That means making as many independent bets as possible within a single trading day. In order to do that with a finite set of tradable securities, you must turn your positions over very quickly. So, the most consistently profitable high-frequency trading strategies are therefore the ones that have the shortest holding periods.

Dave Cummings, founder of Tradebot,, one of the biggest high-frequency traders around, told students in 2008 that his firm, had not had a losing day in four years,. Truthfully, that is just how the law of large numbers works. Because the speed market makers can calculate where they want their orders placed much more accurately and quickly than their human counter-parts, they are able to profit from razor thin margins at high volume and offer much tighter spreads, which helps everyone.

High-Frequency Trading Leaders Forum 2011 Hong Kong 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 Chicago (http://hfthappyhourchicago.eventbrite.com), July 26th, Chicago
• High-Frequency Trading Happy Hour Hong Kong (http://hfthappyhourhongkong.eventbrite.com), July 28th, Hong Kong
• High-Frequency Trading Happy Hour Hong Kong (http://hfthappyhourhongkong.eventbrite.com), July 28th, Singapore
• High-Frequency Trading Happy Hour New York (http://www.hfthappyhour.com), August 9th, New York City
• 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), September, 19-21, Hong Kong
• High-Frequency Trading Leaders Forum 2011 Chicago, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumchicago.eventbrite.com), October 3-5, Chicago
• 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), October 24-26, Sao Paulo, Brazil
• 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

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 Experts Workshop DVD Video Package, "Practical Implementation of High-Frequency Trading Strategies", http://www.HFTExpertsWorkshop.com
• 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
• 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
• High-Frequency Trading Experts Forum 2010 DVD Video Package, "Starting and Running a High-Frequency Trading Operation", http://www.HFTExpertsForum.com
• Hedge Funds Leaders Forum 2010 DVD Video Package, "Generating Alpha in Challenging Times", http://www.HedgeFundsLeadersForum.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

Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net. 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".