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The Huffington Post's Book Review: Knightmare on Wall Street is "so Rich in Detail so Riveting"

Edgar Perez, former McKinsey and IBM consultant, is a global speaker and author of The Speed Traders, Knightmare on all Street, and the forthcoming The !!th"#our $eal, Behind ashington%s &losed $oors $uring the !'"day (o)ernment Shutdo*n of +ctober ,-!./
!ew "ork !" #S$ %&e'ruar( )* +*),- -Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, was favora l! reviewed ! The "#ffington $ost% &'#thor (dgar $ere)*s ook is so rich in detail, so riveting, opening with a rief histor! of the firm and then following with the dramatic '#g#st +, ,-+,, morning trading meltdown that it oggled this a#thor*s mind%& .ames /r#ndvig, a#thor of the review and C(01Fo#nder of Clo#d2ician 33C, contin#ed4 &With no access to Knight*s management, he compiled all the facts to the trading Titanic, with its man! parallel stor! lines, aven#es of deep research, and s# plots -which savior t#rned s#itor t#rned predator -and self-p# lished Knightmare on its one-!ear anniversar! in ,-+5%& The f#ll review can e accessed here4 http411www%h#ffingtonpost%com16amesgr#ndvig1 ook-review-the-meltdown7 789+:,-9%html%

Knightmare on Wall Street ;http411www%knightmareonwallstreet%com<, the fascinating stor! of Knight Capital, was also the most favora l! reviewed Kindle edition ook on 'ma)on in ,-+5, with an average rating of = o#t of five stars% Knight Capital, fo#nded ! Kenneth $asternak and Walter Ra>#et in +::=, had seen its fort#nes change as ?%S% reg#lators made a series of changes in the str#ct#re of financial markets and comp#ters were progressivel! e@panding their share of trading% The Flash Crash, the infamo#s +,--- point drop of the A.B' on Ma! C, ,-+- ;the largest one-da! point decline in histor!<, ill#strated how market str#ct#re pro lems co#ld almost instantaneo#sl! cascade from one market participant to the rest% Thomas .o!ce, C(0 of Knight Capital since ,--, and an #napologetic advocate of

electronic trading, had een scornf#l of those companies that str#ggled to keep #p with ever-changing stock markets% So it was certainl! shocking that at :45- '%M% on '#g#st +, ,-+,, right after the markets opened for the da!, Knight Capital egan iss#ing an #nprecedented n#m er of erroneo#s orders into the market, d#e to an error in installing new software% 2o rog#e trader or reg#lator! changeD operational risk was passing the ill to Knight Capital and ecoming the iggest risk in the financial markets% Knight Capital anno#nced later a staggering loss of E88- million% What followed after this shocking anno#ncement were several ro#nds of desperate conversations with a n#m er of v#lt#re pla!ers who had smelled opport#nit! and were read!ing themselves to pick #p argain-priced pieces% 0n '#g#st C, ,-+,, .o!ce confirmed that Knight Capital had str#ck a deal with .efferies, TA 'meritrade, Blackstone, /(TC0, Stephens, and Stifel Financial, staving off collapse da!s after the trading mishap% While Knight Capital was ack in the game, its limping recover! >#ickl! prompted h#ngr! competitors to id for the entire compan!% 0n Aecem er +:, ,-+,, the oard decided to accept an ac>#isition proposal from /(TC0 rather than Firt# Financial% For /(TC0, ac>#iring Knight Capital represented a gigantic fast forward step% For Knight Capital, it was the end of its wild ride as an independent entit!% Mr% $ere) ;http411www%mredgarpere)%com< is widel! regarded as the preeminent glo al e@pert in investing and high-fre>#enc! trading% "e is a#thor of The Speed Traders, 'n Bnsider*s 3ook at the 2ew "igh-Fre>#enc! Trading $henomenon That is Transforming the Bnvesting World, p# lished in (nglish ! Mc/raw-"ill Bnc% ;,-++<, p# lished in Mandarin ! China Financial $# lishing "o#se ;,-+,<, and Bnvestasi S#per Kilat4 $andangan 0rang dalam tentang Fenomena Bar# Frek#ensi Tinggi !ang Mentransformasi A#nia Bnvestasi, p# lished in Bahasa Bndonesia ! Kompas /ramedia ;,-+,<% Mr% $ere) is co#rse director of The Speed Traders Workshop, "ow "igh Fre>#enc! Traders 3everage $rofita le Strategies to Find 'lpha in (>#ities, 0ptions, F#t#res and FG ;"ong Kong, Sao $a#lo, Seo#l, K#ala 3#mp#r, Warsaw, Kiev, 2ew Hork, Singapore, Bei6ing, Shanghai<% "e contri #tes to China*s Bnternational Finance 2ews and Sina Finance and The 2ew Hork Times% Mr% $ere) ;http411www%face ook%com1'mericas?ltimate2etworker< has een interviewed on C2BC, F0G B?SB2(SS, Bloom erg TF, C22 en (spaIol, Sina Finance, B22*s B#siness Aa!, CCTF China, Bankier%pl, TheStreet%com, 3eaderonomics, /$W Media, Channel 2ews'sia*s B#siness Tonight and Cents J Sensi ilities% Bn addition, Mr% $ere) has een glo all! feat#red on FGFactor, Col#m ia B#siness, 0penMarkets, Soh#, 2ews%Sina%com, Hicai, eastmone!, Cai6ing, (TFKK%com, 5C-doc, '" Radio, C2F03%com, CBTBCS F#t#res, Tong@in Sec#rities, LhiCheng%com, CB2week%com, Cai@in, F#t#res Aail!, Ginh#a, CB2 2ewswire, Chinese Financial 2ews, ifeng%com, Bnternational Finance 2ews, he@#n%com, Finance%MM%com, Finance%Sina%com, The Korea Times, The Korea "erald, The Star, The Mala!sian Bnsider, BMF K:%:, iMone! "ong Kong, C2BC, Bloom erg "edge F#nd Brief, The Wall Street .o#rnal, The 2ew Hork Times, Aallas Morning 2ews, Falor (conNmico,

FBG/lo al Trading, T0A'H 0nline, 0riental Aail! 2ews and B#siness Times% Mr% $ere) ;http411www%wei o%com1edgarpere)< was a vice president at Citigro#p, a senior cons#ltant at BBM, and a strateg! cons#ltant at McKinse! J Co%, the 'merican glo al management cons#lting firm that foc#ses on solving iss#es of concern to senior managementD the firm serves as an adviser to #sinesses, governments, and instit#tions aro#nd the world% McKinse! is widel! considered to e the most prestigio#s management cons#lting firm in the world, with over +-- offices in C- co#ntries% Mr% $ere) ;http411en%wikipedia%org1wiki1(dgar7$ere)< has an #ndergrad#ate degree from ?niversidad 2acional de BngenierOa, 3ima, $er# ;+::8<, a Master of 'dministration from ?niversidad (S'2, 3ima, $er# ;+::9< and a Master of B#siness 'dministration from Col#m ia B#siness School, 2ew Hork, with a d#al ma6or in Finance and Management ;,--,<% "e elongs to the Beta /amma Sigma honor societ!% Mr% $ere) ;https411twitter%com1mredgarpere)< resides in the 2ew Hork Cit! metro area and is an accomplished salsa and h#stle dancer% .e/ia 0ontact: .#lia $etrova Media Relations Coordinator Knightmare on Wall Street P+-8+8-F0R?MSinfoQknightmareonwallstreet%com http411www%knightmareonwallstreet%com "Ends"