HFT, Latency, and Connectivity: Technology and Transformation
Explore these changes and be prepared to add value in the transformation of the capital markets
15-16 Oct 2018
New York City, United States of America
- Why You Should Attend
HFT, Latency, and Connectivity: Technology and Transformation
As global markets have evolved over the last few decades, the move to electronic trading has resulted in the ability for market participants to connect to multiple markets through common interfaces - a major victory in terms of efficiency and transparency. This move demonstrated the central role of exchanges as providers of market data, which in turn brought up the question: How do market participants connect to and access that information?
The world of high frequency trading, which nestles on the wild frontiers of modern day telecommunications gorges itself not so much on the need for speed, but rather the greed for speed. It’s a world where tens of thousands of buy and sell orders can zip from one stock market to another in, quite literally, the blink of an eye and where a single millisecond advantage in connectivity can be worth upwards of $100 million a year in trading profits. Since markets left bustling exchange floors for computer data centres a decade ago, the majority of deals in equities and futures have come to be executed by machines — automated and lightning-fast. The high-frequency trading land rush unleashed frenzied investment in wireless capacity, efficient computer switches and coding talent. It also sparked complaints that the speediest preyed on investors and caused flash crashes. The rise of HFT means that ordinary investors buying or selling stocks, bonds, exchange traded funds or futures are likely to be transacting with an algorithm on the other side. But the bonanza has now ended. Trading firms are struggling to wring profits from the incremental millisecond. Subdued volumes and reduced volatility have shrunken the size of the pie. Exchanges have ratcheted up market data and technology costs for customers. Arm yourself with the knowledge to tackle these trends and strive.
- Gain a profound understanding of what lies ahead of you in the rapidly changing Capital Markets driven by HFT, data, and connectivity.
- Understand other new technology that is impacting the markets and what connectivity offerings are next to impact the market.
- Explore relevant risk factors that keep market participants up at night. Understand how to diagnose these risk factors in a volatile market.
- Participants will be better equipped to understand the unique dynamics of the markets. How various factors push and pull, effecting other areas of the market. How automation, big data, machine learning, regulation, collateral management, and high-frequency trading have an impact on market trading conditions.
- Participants will address Big Data, Machine Learning, Automation, FinTech solutions, Trading workflow, and Market structure.
About your expert trainer:
Sol Steinberg is a OTC Markets Subject Matter Expert and specializes in Risk Management, OTC derivatives, Market structure, Collateral, Trade Lifecycle, Valuation, Financial Technology Systems, Strategic development, and Monetization.
Sol is the founding principle of his firm, OTC partners. OTC partners is a boutique value add firm that specializes in research, content, development. Before starting OTC Partners Sol was a senior executive at the world’s leading clearing house LCH.Clearnet. Sol also spent nine years on the buy side and Citi, performing product development, risk management, and valuation for the OTC markets.
Sol has a wide-ranging network of asset managers, analytic providers, execution venues, regulatory, and government contacts. He used his eco system to successfully commercialize analytics, data, and other non commercialized intellectual property and had significant monetization success. He brought to market several initiatives, including institutional and commercial risk engines such as SMART tool, Risk Explorer, Global Market Risk System for Citi: the largest VaR engine in the world from 2004 to 2006, as well as developing CCP2 – a derivative education & certification program for leading consultancies. Sol also contributed to OTC industry’s clearing and default management policies for the cleared OTC swap markets as well as contributed to industry standard risk analytics in times of low market rates.
Waters Magazine’s award “Best risk analytics initiative 2012” & “Best risk analytics initiative (Sell Side) 2013”
FTF’s award for “Most cutting edge risk contribution 2013” for developing the SMART risk analytics tool.
Global nominee in 2012 for “Best Practices in Global Financial Risk Management” from PRMIA, Professional Risk Managers International Association.
A detailed questionnaire will be sent to all course participants to establish exactly where the group training needs lie. The completed forms will be analyzed by the course leader/trainer and followed by telephone if further clarification is required. As a result we can guarantee that the course is pitched at exactly the right level and that the issues that you regard as relevant are addressed. The course material will reflect these issues and will enable you to digest the subject matter after the event in your own time.
Who should attend?
· CFO, CCO, CIO, Audit, Trader, or Analyst at Hedge Funds
· Strategy, Strategy Implementation, Risk, Sales & Trading, Prime Brokers, Program Leaders, COO, CRO, Product: Fixed Income, FX, Equities, Collateral, Treasury from Sell Side Banks
· Associate to Senior Vice President in Corporate Finance
· Consultants, Technologists, Research Project Managers
· Sales and Global Account Management Directors
· Data Scientist, Machine Learning Specialists
· Business Development and Product professionals at Market Utilities
· SVP to Head of Marketing
· Director of Operations
· Project, Enterprise Change, and Release Managers
- Why Choose GFMI marcus evans?
marcus evans specialises in the research and development of strategic events for senior business executives. From our international network of 63 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement.
Above all, marcus evans provides clients with business information and knowledge which enables them to sustain a valuable competitive advantage and makes a positive contribution to their success.
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- Event Contact
For all enquiries regarding speaking, sponsoring and attending this conference contact:
101 Finsbury Pavement
London EC2A 1RS
Telephone: +44 (0) 20 3002 3400
Fax: +44 (0) 20 3002 3016