Knightmare on Wall Street Said to Scare Bitcoin Digital Currency Market From $1000 to 10 in 2013

Edgar Perez, Author, The Speed Traders, and Course Director, The Speed Traders Workshop, Introduces Knightmare on Wall Street, The Rise and all o! Knight Capital and the "iggest Risk !or inancial #arkets, a "ehind$the$scenes %ook at Knight Capital&s '( )ears o! Tumultuous E*istence as an Independent Compan)+ Ne !ork" N!" #S$ %Decem&er 2'" 2013( -As indicated by The New York Times' Nick Bilton, bitcoin, the digital currency that has captured attention around the world, exploded. By No ember, it had skyrocketed !rom a !raction o! a penny to "#,$%$, roughly the price o! an ounce o! gold. &t has been a wild, wild ride' up and down, down and up. ( eryone seems to be wondering what this cra)y new thing might mean. The end o! go ernment control o er money* The start o! an international crypto-currency* &s +nightmare on ,all -treet coming !or this market* Bitcoins are mined according to a set o! algorithms. (ssentially, computers sol e some math problems and generate bitcoins. The coins are stored in, and traded among, digital wallets. .eople can buy real things with them, at least !rom people who accept them, or, as many people seem to be doing, sit on them in hopes the price will keep rising. .er the algorithms, mining bitcoins becomes more di!!icult o er time. /nly about $# million o! them can e er be created 0 which is why so many people ha e been chasing a!ter them. Bitcoins are now accepted as payment at almost a thousand retail outlets and websites, including /+1upid, 2eddit, and .i))a 2odi in 3ontreal. But what has really grabbed attention is how olatile the price has been. The alue has gyrated wildly. &n the last month alone, the bitcoin market capitali)ation has swung between "#% billion and "4 billion. 5owe er, 3ark ,illiams o! Boston 6ni ersity has insisted that the alue o! a Bitcoin will pop, !alling as low "#7 next year. /thers say it is all 8ust another bubble. &s the bitcoin market reaty to experience its own ersion o! a +nightmare on ,all -treet* This is the new book by (dgar .ere), !ormer 3c+insey consultant and celebrated author o! The -peed Traders, now a ailable in his website http'99www.3r(dgar.ere).com with immediate shipping now a ailable at http'99www.+nightmareon,all-treet.com. +nightmare on ,all -treet pro ides a !ascinating account o! what it took to ele ate the !irm to the cusp o! the retail in esting re olution o! the late #::7s, to struggle through booms and busts, and to bring the !irm down, to end up ultimately being ignominiously bought up by a competitor. 2eaders will disco er a thrilling minute-by-minute account o! the terri!ying hours !ollowing +night 1apital's August #, $7#$ trading debacle, with news-breaking research

regarding the !irm's #4 years o! tumultuous existence as an independent company. At :';7 A.3. on August #, $7#$, right a!ter the markets opened !or the day, +night 1apital began issuing an unprecedented number o! erroneous orders into the market, due to an error in installing new so!tware. +night 1apital announced later a staggering loss o! "%%7 million. ,hat !ollowed a!ter this shocking announcement were se eral rounds o! desperate con ersations with a number o! ulture players who had smelled opportunity and were readying themsel es to pick up bargain-priced pieces. /n August <, $7#$, =oyce con!irmed that +night 1apital had struck a deal with =e!!eries, T> Ameritrade, Blackstone, ?(T1/, -tephens, and -ti!el @inancial, sta ing o!! collapse days a!ter the trading mishap. .ere) is widely regarded as the preeminent global expert in the speciali)ed area o! high!reAuency trading. 5e is author o! The -peed Traders, An &nsider's Book at the New 5igh@reAuency Trading .henomenon That is Trans!orming the &n esting ,orld, published in (nglish by 3c?raw-5ill &nc. C$7##D, .ublished in 3andarin by 1hina @inancial .ublishing 5ouse C$7#$D, and &n estasi -uper +ilat' .andangan /rang dalam tentang @enomena Baru @rekuensi Tinggi yang 3entrans!ormasi >unia &n estasi, published in Bahasa &ndonesia by +ompas ?ramedia C$7#$D. .ere) is course director o! The -peed Traders ,orkshop, 5ow 5igh @reAuency Traders Be erage .ro!itable -trategies to @ind Alpha in (Auities, /ptions, @utures and @E C5ong +ong, -ao .aulo, -eoul, +uala Bumpur, ,arsaw, +ie , New York, -ingapore, Bei8ing, -hanghaiD. 5e contributes to 1hina's &nternational @inance News and -ina @inance and The New York Times. (dgar has been inter iewed on 1NB1's -Auawk on the -treet, ,orldwide (xchange, 1ash @low and -Auawk Box, @/E B6-&N(--'s 1ountdown to the 1losing Bell and A!ter the Bell, Bloomberg TF's 3arket 3akers, 1NN en (spaGol's >inero, -ina @inance, BNN's Business >ay, 11TF 1hina, Bankier.pl, The-treet.com, Beaderonomics, ?., 3edia, 1hannel NewsAsia's Business Tonight and 1ents H -ensibilities. &n addition, (dgar has been globally !eatured on @E@actor, 1olumbia Business, /pen3arkets, -ohu, News.-ina.com, Yicai, eastmoney, 1ai8ing, (T@II.com, ;<7doc, A5 2adio, 1N@/B.com, 1&T&1- @utures, Tongxin -ecurities, Jhi1heng.com, 1BNweek.com, 1aixin, @utures >aily, Einhua, 1BN Newswire, 1hinese @inancial News, i!eng.com, &nternational @inance News, hexun.com, @inance.KK.com, @inance.-ina.com, The +orea Times, The +orea 5erald, The -tar, The 3alaysian &nsider, B3@ I:.:, i3oney 5ong +ong, 1NB1, Bloomberg 5edge @und Brie!, The ,all -treet =ournal, The New York Times, >allas 3orning News, Falor (conLmico, @&E?lobal Trading, T/>AY /nline, /riental >aily News and Business Times. Media Contact) =ulia .etro a 3edia 2elations 1oordinator +nightmare on ,all -treet M#-%#%-@/263-7 in!oNknightmareonwallstreet.com http'99www.knightmareonwallstreet.com $Ends$