One of the World’s Largest High Frequency Trading Firms Pitching in to Highlight Its Benefits at High-Frequency Trading Leaders Forum 2010

Erik Lehtis, Head of FX at Wolverine Trading, Participating at High-Frequency Trading Leaders Forum 2010, May 27th, Flatotel Hotel, New York City

New York, NY, April 25, 2010 --( Wolverine Trading, one of the world's largest "high-frequency" trading firms, on Friday pitched into the increasingly polarized debate over the role of such traders in the markets, arguing that their benefits "far outweigh the implied negative aspects" of what they do. Wolverine Trading's Erik Lehtis, Head of High-Frequency Trading FX, will be one of the Hi-Fre leaders to join's High-Frequency Trading Leaders Forum 2010, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond" (, May 27th, 2010, Flatotel Hotel, New York City.

According to an article in the Financial Times, Wolverine said in a letter to the US Securities and Exchange Commission that the rise of increasingly sophisticated technology by proprietary traders had narrowed bid-ask spreads and lowered trading costs. "Retail investors have the benefit of dramatically lower trading costs and unprecedented access to information." Furthermore, the Financial Times continues, "Greg O’Connor, Wolverine's compliance manager, wrote: 'High frequency traders and their strategies are under scrutiny for the very benefits to which they have directly contributed - the ability to recognize immediate price discrepancies and equalize pricing of securities to help promote a more true valuation for all participants. Similar to other strategies that have existed for decades, namely short selling, that are cast in a negative light when bear markets return, high frequency traders have contributed to necessary price discovery where benefits, by all accounts and studies, appear to far outweigh the implied negative aspects of these strategies."

High-Frequency Trading Leaders Forum 2010 is produced by (, the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez. Upcoming Leaders Forums and Business Networking receptions include:
· High-Frequency Trading Happy Hour, (, May 3rd, New York City
· Real Estate Leaders Forum 2010, "Successfully Investing in Distressed Real Estate Assets" (, June 17th, New York City

Edgar Perez