For Immediate Release
Natalia Nuzhnova
Media Relations Coordinator
The Speed Traders
516-761-4712
nnuzhnova@thespeedtraders.com
http://www.thespeedtraders.com
High Frequency Trading Automating Routine Tasks, Says
Infinium Capital's Aaron Lebovitz
Edgar Perez's The Speed Traders: An Insider's Look at the New High-Frequency Trading Phenomenon
That is transforming the Investing World, Presenting at Institutional Investor's Global Growth Markets
Forum in Waldorf Hilton, London, on "High-Frequency Trading Opportunities in Emerging Markets"
( October 25, 2011, New York) For Aaron Lebovitz, one of the
leading high-frequency traders featured in Edgar Perez's The Speed
Traders: An Insider's Look at the New High-Frequency Trading
Phenomenon That is Transforming the Investing World
(http://www.thespeedtraders.com), high-frequency trading is just
automating the routine tasks that traders have been performing for
decades. He adds that there is a misconception that high-frequency
trading is about making money at the expense of end users. "In fact,
high-frequency trading is about innovating with technology to reduce
market frictions. When Walmart figured out how to use technology
to improve logistics and reduce costs, who benefitted? The
consumer. Who didn’t benefit? Sears, K-Mart, the other stores that
were trying do the same thing but with a higher cost structure. The
analogy is not perfect, but you get the point."
Mr. Lebovitz built the Algorithmic and Event Driven Trading department at Infinium Capital Management, a
proprietary capital management firm with offices in Chicago, New York and London, into an exceptional force in
the industry. Infinium was founded in Chicago in 2001 and built by a core team with decades of experience in
trading, software development, and financial modeling. As most high-frequency trading firms, Infinium has no
outside investors and only manages its own money. Infinium has a long history of partnering with exchanges to
launch new products, increase participation in existing products and solve technology issues.
Mr. Lebovitz concludes: "The facts are that our industry has historically been secretive about its activities, for
various reasons. Some of this has to do with safeguarding intellectual property, but it also has to do with the
creative destruction that this technological revolution has catalyzed. Some very established, very powerful industry
players saw high-frequency trading as a threat to their distribution channels, or to their trading desks’ ability to get
paid for providing liquidity. That created a disincentive for high-frequency traders to advertise their presence.
Now, it has become quite clear that there is a lack of information out there regarding the activities and
contributions of high-frequency traders, which has in turn led to some misinformation filling the gaps. As
practitioners, we have a responsibility to change that."
The Speed Traders, http://www.TheSpeedTraders.com, 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.”
Mr. Perez is widely regarded as the pre-eminent networker in the specialized area of high-frequency trading. He
has been featured on CNBC Cash Flow with Oriel Morrison (http://video.cnbc.com/gallery/?video=2023403523),
BNN Business Day with Kim Parlee (http://watch.bnn.ca/business-day/august-2011/business-day-august-19-
2011/#clip519647), TheStreet.com with Gregg Greenberg (http://www.thestreet.com/video/11144274/high-
frequency-traders-not-the-enemy.html), Channel NewsAsia Cent & Sensibilities with Lin Xue Ling, The Wall
Street Journal, The New York Times, The Dallas Morning News, Los Angeles Times, iMoney Hong Kong, Hedge
Fund Brief, Oriental Daily News Hong Kong, and more. He has been engaged as speaker at Harvard Business
School’s 17th Annual Venture Capital & Private Equity Conference, High-Frequency Trading Leaders Forum
2011 (New York, Chicago, Hong Kong, Sao Paulo, Singapore), CFA Singapore, Hong Kong Securities Institute,
Courant Institute of Mathematical Sciences at New York University (New York), Global Growth Markets Forum
(London), Technical Analysis Society (Singapore), Middle East Hedge Funds Investors Summit 2012 (Riyadh,
Saudi Arabia), among other global forums.
Mr. Perez was a vice president at Citigroup, a senior consultant at IBM, and a 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, 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.
Mr. Perez is one of the great business networkers and motivators on the lecture circuit; he is available worldwide
for the following speaking engagements: Present and Future of High-Frequency Trading, The Real Story behind
the "Flash Crash", Networking for Financial Executives, and Business Networking for Success.
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