Mark Cuban Invited to Meet High-Frequency Trading Mavericks at Chicago Shark Tank, October 9
10/08/2012

Golden Networking brings the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2012, now in Chicago, October 9, and London, December 12.

Online PR News – 08-October-2012 – Chicago, IL – Chicago, IL, October 08, 2012 -- Mark Cuban has compared high-frequency traders to hackers. Just as hackers search for and exploit operating system and application shortcomings, high frequency traders do the same thing, he said. Moreover, Cuban adds that a hacker wants to jump in front of your shopping cart and grab your credit card and then sell it. "A high frequency trader wants to jump in front of your trade and then sell that stock to you. A hacker will tell you that they are serving a purpose by identifying the weak links in your system. A trader will tell you they deserve the pennies they are making on the trade or the rebate they are getting from the exchange because they provide liquidity to the market."

That’s why Cuban has been invited to meet high-frequency trading mavericks at High Frequency Trading Leaders Forum 2012 (http://www.High-Frequency-Trading-Conference.com), this time in the windy city, Chicago, October 9. As of this time, Cuban must be enjoying the first "El Clasico" crash of the Spanish season, Barcelona and Real Madrid, at Camp Nou, before returning to the US.

Cuban has predicted that there will be another flash crash, worse than the May 2010 flash crash, he says, simply because there are too many players looking for the trillion dollar score. "They can’t all win, yet how many do you think wouldn’t risk everything, even what is not theirs, for that remote chance to score big? Put another way, there is zero recognition of the moral hazard attached to every trade. So why wouldn’t traders take the biggest risk possible?"

He concludes: "There is value to trading automation. It is here to stay. There is absolutely NO VALUE to High Frequency Trading. None. We need to bring our markets back to their original goals of creating capital for business. It’s impossible to guess how many small to medium size companies have been held back from growing and creating jobs and wealth because of lack of access to capital from the stock market. It’s not impossible to know that our economy has suffered because Wall Street equity markets are no longer a source of equity for helping companies grow, it is not a platform for hackers and that needs to change. Quickly."

High Frequency Trading Leaders Forum 2012, "How Knight Capital's 'Knightmare on Wall Street' Could Transform the Regulatory Landscape and Impact Investors, Speed Traders and Brokers" (http://www.HFTLeadersForum.com), will provide attendees in Chicago and London with the most up-to-date review of where this ever-changing industry stands and how new technology and regulatory developments will impact it. Recognized experts, regulators, and strategists, will return to High-Frequency Trading Leaders Forum 2012 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

High Frequency Trading Leaders Forum 2012 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.net.

Contact:
Julia Petrova
Golden Networking
Chicago, IL
+1-516-761-4712
jpetrova@goldennetworking.net
http://www.High-Frequency-Trading-Conference.com