Knightmare on Wall Street's Edgar Perez on China's Decision to Allow Foreign Hedge Funds to Raise Yuan

Top Quote Building off of the momentum of past conferences, Golden Networking brings back China Leaders Forum 2013 (http://www.ChinaLeadersForum.com), "Will the Chinese Dream Become Long-term Investors' Dream or Nightmare?", New York, October 1st. End Quote
  • New York, NY (1888PressRelease) September 18, 2013 - Golden Networking's China Leaders Forum 2013, "Will the Chinese Dream Become Long-term Investors' Dream or Nightmare?", to be held on October 1st, New York City, will bring Mr. Edgar Perez, Author of The Speed Traders (http://thespeedtraders.com) and Knightmare on Wall Street (http://knightmareonwallstreet.com), as keynote speaker on "From CSRC's Policing of Everbright Securities to SAFE's Green Lighting of Foreign Hedge Funds Raising Yuan for Overseas Investment." China Leaders Forum 2013 (http://chinaleadersforum.com), in its fifth edition, is gearing up to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

    Less than a month after trading incidents generated by Everbright Securities, China's State Administration of Foreign Exchange has taken a step forward in its plan to open up its capital account and internationalize its currency with a trial program that allows foreign hedge funds to raise money denominated in yuan for overseas investment. Each of six hedge funds will be allowed to raise up to $50 million worth of yuan in China, according to people familiar with the situation.

    While the trial program is minuscule in comparison with a similar program set up in 2006 for domestic investors, Mr. Perez will focus on the significance as a move toward full convertibility of the Chinese currency, which the country's leadership has pledged as part of efforts to move away from a command economy. China's regulators approved the pilot-program launch in Shanghai, with six firms-Oaktree Capital Management, Och-Ziff Capital Management Group, Winton Capital Management, Man Group, Citadel and Canyon Partners-getting the go-ahead.

    Mr. Perez (http://mredgarperez.com) is widely regarded as the preeminent global expert and speaker in the specialized areas of algorithmic and high-frequency trading. He is author of Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets (2013), a minute-by-minute account of the terrifying hours following Knight Capital's August 1, 2012 trading debacle, The Speed Traders, An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, published in English by McGraw-Hill Inc. (2011), 交易快手, 透视正在改变投资世界的新兴高频交易, published in Mandarin by China Financial Publishing House (2012), and Investasi Super Kilat, Pandangan Orang dalam tentang Fenomena Baru Frekuensi Tinggi yang Mentransformasi Dunia Investasi, published in Bahasa Indonesia by Kompas Gramedia (2012).

    Mr. Perez is course director of The Speed Traders Workshop, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai) and was Adjunct Professor at the Polytechnic Institute of New York University, where he taught Algorithmic Trading and High-Frequency Finance. He contributes to The New York Times, UltraHighFrequencyTrading.com and China's International Finance News and Sina Finance.

    Mr. Perez has been interviewed on CNBC's Squawk on the Street, Worldwide Exchange, Cash Flow and Squawk Box, FOX BUSINESS's Countdown to the Closing Bell and After the Bell, Bloomberg TV's Market Makers, CNN en Español's Dinero, Sina Finance, BNN's Business Day, CCTV China, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media, Channel NewsAsia's Business Tonight and Cents & Sensibilities. In addition, Mr. Perez has been globally featured on FXFactor, Columbia Business, OpenMarkets, Sohu, News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio, CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com, CBNweek.com, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, ifeng.com, International Finance News, hexun.com, Finance.QQ.com, Finance.Sina.com, The Korea Times, The Korea Herald, The Star, The Malaysian Insider, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and Business Times.

    Mr. Perez has been engaged to present at the Council on Foreign Relations, Vadym Hetman Kyiv National Economic University (Kiev), Quant Investment & HFT Summit APAC 2012 (Shanghai), U.S. Securities and Exchange Commission (Washington DC), CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University, University of International Business and Economics (Beijing), Hult International Business School (London and Shanghai) and Pace University (New York), among other public and private institutions. In addition, Mr. Perez has spoken at a number of global conferences, including Inside Market Data 2013 (Chicago), Emerging Markets Investments Summit 2013 (Warsaw), CME Group's Global Financial Leadership Conference 2012 (Naples Beach), Harvard Business School's Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago, London), MIT Sloan Investment Management Conference (Cambridge), Institutional Investor's Global Growth Markets Forum (London), Technical Analysis Society (Singapore), TradeTech Asia (Singapore), FIXGlobal Face2Face (Seoul) and Private Equity Convention Russia, CIS & Eurasia (London).

    Mr. Perez was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co. in New York City. Mr. Perez has an undergraduate degree from Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administration from Columbia Business School, New York, with a dual major in Finance and Management (2002). He belongs to the Beta Gamma Sigma honor society. Mr. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.

    China Leaders Forum 2013 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info ( @ ) goldennetworking dot net.

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