THE AI BREAKTHROUGH

Step into the future as THE AI BREAKTHROUGH unveils the curtain to a world transformed by Artificial Intelligence. Imagine a tomorrow where AI is not just a tool but a catalyst for an unprecedented era of innovation.

Edgar Perez, a futurist in the realm of cutting-edge technologies, orchestrates a narrative that’s both profound and accessible. With each page, you’ll journey through the vibrant landscape of AI’s current triumphs and, more importantly, its boundless potential.

This isn’t just another book about AI; it’s a portal to your future. Edgar doesn’t just predict what is next; he invites you to shape it. From the models that power our daily decisions to the ethical quandaries we’ve yet to unravel, THE AI BREAKTHROUGH is your guide through the labyrinth of possibilities that AI presents.

With insights gleaned from the worldwide forefront of innovation and academia, Edgar crafts a compelling case for AI’s role in sculpting a future that’s as thrilling as it is uncertain. This book is more than a read; it’s a call to action, a call to join the ranks of those who dare to dream, innovate, and lead the charge into a brave new world. Don’t just witness the revolution; be a part of it. THE AI BREAKTHROUGH is your ticket to the front lines of the next frontier.

KNIGHTMARE ON WALL STREET

Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets is a thrilling minute-by-minute account of the terrifying hours following Knight Capital’s August 1, 2012 trading debacle, with news-breaking research regarding the firm’s 17 years of tumultuous existence as an independent company. Knightmare on Wall Street is the definitive behind-the-scenes story of Knight Capital.

The firm, founded by Kenneth Pasternak and Walter Raquet in 1995, had seen its fortunes change as U.S. regulators made a series of changes in the structure of financial markets and computers were progressively expanding their share of trading. The Flash Crash, the infamous 1,000 point drop of the DJIA on May 6, 2010 (the largest one-day point decline in history), illustrated how market structure problems could almost instantaneously cascade from one market participant to the rest.

Thomas Joyce, CEO of Knight Capital since 2002 and an unapologetic advocate of electronic trading, had been scornful of those companies that struggled to keep up with ever-changing stock markets. So it was certainly shocking that at 9:30 A.M. on August 1, 2012, right after the markets opened for the day, Knight Capital began issuing an unprecedented number of erroneous orders into the market, due to an error in installing new software. No rogue trader or regulatory change; operational risk was passing the bill to Knight Capital and becoming the biggest risk in the financial markets.

Knight Capital announced later a staggering loss of $440 million. What followed after this shocking announcement were several rounds of desperate conversations with a number of vulture players who had smelled opportunity and were readying themselves to pick up bargain-priced pieces. On August 6, 2012, Joyce confirmed that Knight Capital had struck a deal with Jefferies, TD Ameritrade, Blackstone, GETCO, Stephens, and Stifel Financial, staving off collapse days after the trading mishap.

While Knight Capital was back in the game, its limping recovery quickly prompted hungry competitors to bid for the entire company. On December 19, 2012, the board decided to accept an acquisition proposal from GETCO rather than Virtu Financial. For GETCO, acquiring Knight Capital represented a gigantic fast forward step. For Knight Capital, it was the end of its wild ride as an independent entity.

Knightmare on Wall Street provides a fascinating account of what it took to elevate the firm to the cusp of the retail investing revolution of the late 1990s, to struggle through booms and busts, and to bring the firm down, to end up ultimately being ignominiously bought up by a competitor.

 

 

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THE SPEED TRADERS

High-frequency traders have been called many things—from masters of the universe and market pioneers to exploiters, computer geeks, and even predators. Everyone in the business of investing has an opinion of speed traders, but how many really understand how they operate? The shadow people of the investing world, today’s high-frequency traders have decidedly kept a low profile—until now. In this new title, The Speed Traders, Edgar Perez opens the door to the secretive world of high-frequency trading (HFT). Inside, prominent figures of HFT drop their guard and speak with unprecedented candidness about their trade.

Edgar begins with an overview of computerized trading, which formally began on February 8, 1971, when NASDAQ launched the world’s first electronic market with 2,500 over-the-counter stocks and which has evolved into the present-day practice of making multiple trades in a matter of microseconds. He then picks the brains of today’s top players. Manoj Narang (Tradeworx), John Netto (M3 Capital), and Aaron Lebovitz (Infinium Capital Management) are just a few of the luminaries who decided to break their silence and speak openly to Edgar. Virtually all of the expertise available from the world of speed trading is packed into these pages.

The Speed Traders, published by McGraw-Hill Inc., is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access. The Speed Traders explains everything there is to know about how today’s high-frequency traders make millions—one cent at a time.

 
 
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交易快手

本书将通过呈现从20世纪70年代初纳斯达克建立到2010年5月6日“闪电崩盘”期间高频交易发展的标志性事件，带领读者全面审视高频交易的演化进程，尤其包含了来自杰出业内人士和资深专家的第一手观点。

阅读本书你可以了解：

  • *构建高频交易平台的基本要素
  • *交易快手在提供市场流动性方面的重要作用
  • *2010年5月“闪电崩盘”的内幕故事
  • *新兴的全球高频交易市场
  • *全球最大交易所的并购/合并与重组

埃德加•佩雷斯（Edgar Perez）先生曾任麦肯锡公司咨询师，UltraHF Capital（一个执行高频交易策略的对冲基金）首席营运官，Golden Networking（第一个商业主管、企业家和投资者的网络社区）的创建者。佩雷斯先生于2002年在哥伦比亚商学院获得MBA学位，并被选为 Beta Gamma Sigma荣誉社的成员。佩雷斯先生是公认的高频交易领域的杰出的专家，曾在包括哈佛商学院风险投资与私募研讨大会等多个全球性会议上发表演讲。佩雷斯先 生目前定居于纽约。

 

 

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INVESTASI SUPER KILAT

High-frequency traders have been called many things—from masters of the universe and market pioneers to exploiters, computer geeks, and even predators. Everyone in the business of investing has an opinion of speed traders, but how many really understand how they operate? The shadow people of the investing world, today’s high-frequency traders have decidedly kept a low profile—until now. In this new title, The Speed Traders, Edgar Perez opens the door to the secretive world of high-frequency trading (HFT). Inside, prominent figures of HFT drop their guard and speak with unprecedented candidness about their trade.

Edgar begins with an overview of computerized trading, which formally began on February 8, 1971, when NASDAQ launched the world’s first electronic market with 2,500 over-the-counter stocks and which has evolved into the present-day practice of making multiple trades in a matter of microseconds. He then picks the brains of today’s top players. Manoj Narang (Tradeworx), John Netto (M3 Capital), and Aaron Lebovitz (Infinium Capital Management) are just a few of the luminaries who decided to break their silence and speak openly to Edgar. Virtually all of the expertise available from the world of speed trading is packed into these pages.

The Speed Traders, published by McGraw-Hill Inc., is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access. The Speed Traders explains everything there is to know about how today’s high-frequency traders make millions—one cent at a time..

 

 

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LET’S RESERVE YOUR DATE

If you want to foster innovation, master technological change, and leverage the opportunities that change creates in your organization, Edgar is the speaker you need. Don’t miss this chance to invite him to speak at your next event!

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