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Panelists at High-Frequency Trading Leaders Forum 2010 to Discuss CFTC Study That Theorizes Hi-Freq Traders Can Tame Prices


Golden Networking's High-Frequency Trading Leaders Forum 2010, May 27th, Flatotel Hotel, New York City, to Review Findings of CFTC economist Andrei Kirilenko.

New York, NY, May 26, 2010 --(PR.com)-- The Wall Street Journal's Sarah Lynch reported that "an economist at the Commodity Futures Trading Commission is trying to determine if some high-frequency trading strategies in futures contracts tied to the Standard & Poor's 500 index may moderate price swings like those seen on May 6." Panelists at GoldenNetworking.net's High-Frequency Trading Leaders Forum 2010, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond," will discuss these preliminary findings this Thursday May 27th, at Flatotel Hotel, in New York City.

The article continued: "CFTC economist Andrei Kirilenko is working with California Institute of Technology mathematical finance professor Jaksa Cvitanic, and the two are looking at a trading strategy known as "sniping," which entails quickly submitting buy and sell orders of a certain size and then immediately canceling them if they cannot be executed right away. They are theorizing that this trading strategy actually moderates price swings. CFTC Commissioner Scott O'Malia said Wednesday that Kirilenko will be asked to discuss this paper and others on which he's working in July at the first meeting of a new technology advisory committee. The CFTC advisory panel of experts will study high-frequency trading, co-location services and other technology issues."

High-Frequency Trading Leaders Forum 2010 is produced by Golden Networking (http://www.goldennetworking.net), 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, (http://www.HFTHappyHour.com), June 8th, New York City
- Real Estate Leaders Forum 2010, "Successfully Investing in Distressed Real Estate Assets" (http://www.RealEstateLeadersForum.com), June 17th, New York City

Panelists, speakers and sponsors are invited to contact GoldenNetworking.net by sending an email to eperez@goldennetworking.net. Golden Networking has been frequently featured in the press, including recent articles in The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html), Los Angeles Times, "Speed-addicted traders dominate today's stock market" (http://articles.latimes.com/2010/may/16/business/la-fi-new-exchanges-20100516) and Columbia Business School's Hermes Alumni Magazine, "10 Under 10" (http://www7.gsb.columbia.edu/alumni/news/ten-under-ten).

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Edgar Perez
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