New York, NY, June 10, 2010 --(PR.com
)-- Professor Andrew Kumiega's presentation on "The Ins and Outs of Effective Backtesting and Controlling High-Speed Trading Algorithms" is featured at GoldenNetworking.net's High-Frequency Trading Leaders Forum 2010, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond" DVD Video Package, 270 minutes with the most comprehensive review of High-Frequency Trading, now available on a 6-disc set at http://www.HFTLeadersForum.com. Dr. Kumiega has applied his Ph.D. in Industrial Engineering to research positions in both the manufacturing and the financial industry over the last 20 years. He has held multiple Director level positions in financial trading firms responsible for front office financial engineering; he currently works for proprietary trading firm Infinium Capital Management and is an Adjunct Facility member at both at Illinois Institute of Technology and University of Chicago.
Backtesting is paramount to the successful deployment of even extremely well thought-out high-frequency trading strategies. It is accomplished by building a customized database of historical data and purchasing or building a software tool that allows for proper testing of a given strategy. Required data may either not exist at all or be prohibitively expensive based upon the prospective returns of the trading strategy. Dr. Kumiega demonstrates the use of important measurements of reliability, including Statistical Process Control theory, inputs to be controlled, outputs to be measured and controlled, and comparisons to classical methods (such as Sharpe ratio), which are fundamental for high-frequency traders to refine their strategies before running live. Finally, Dr. Kumiega reviews highly relevant real time monitoring and continuous process improvement techniques for high-frequency trading systems.
High-Frequency Trading Leaders Forum 2010 DVD Video Package is produced by GoldenNetworking.net (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
· Derivatives Leaders Forum 2010, "Strategies for Increasing Profits in a New World" (http://www.DerivativesLeadersForum.com), July 22nd, New York City
Panelists, speakers and sponsors are invited to contact GoldenNetworking.net by sending an email to firstname.lastname@example.org. 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).