Presented By:
Piyush Chamria, PRM
Date:
October 23, 2019
Time:
10:00 a.m. - 11:00 a.m. US EDT
2:00 p.m. - 3:00 p.m. GMT
Session Length:
60 minutes
Paul Krugman akins High Frequency Trading (HFT) practices with the proliferation of complex derivatives products during the Financial Crisis in 2014 in NY Times editorial. “Flash Boys,” a best-seller book by Michael Lewis, has belligerent views on HFT practices engulfing the trading ecosystem worldwide. Yet, as per FT estimates, quant and high frequency traders account for over half of all US equity trading. Some believe the number could be as high as eighty percent in developed markets. The 2010 Flash crash and $460 million gaffe by Knight Capital adds to the opprobrium of algo trading. Reg AT, by US CFTC, and SS5/18 by Bank of England are examples where regulators across the globe are trying to reign in the Brobdingnagian monster of Algo trading.
Management of algorithmic trading risk requires a different set of frameworks and our atypical frameworks for managing market risk fails to address the quagmire. In this webinar, we will talk about various case studies, regulations, and risks which need to be addressed in algorithmic trading.
Key takeaways:
- Understanding the case studies in detail – 2010 Flash Crash and Knight Capital
- Discussion of few regulations around algorithmic trading
- Decoding the risk around algorithmic trading
- Simple framework to address the risks in algo trading
About Our Expert |
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Piyush Chamria is Chief Risk Officer for Treasury Business Group, Edelweiss Financial Services, India. He has more than 11 years of experience in the risk management domain. Prior to Edelweiss, he was working as a risk management consultant with KPMG, India. He has worked with MNC banks in the UK, Europe, GCC region, and India on Basel implementation and risk analytics projects. At Edelweiss, he manages multi-asset, multi-geography trading desk – and looks after trade execution/algo risk, financial risk, and operational risk.
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Continued Risk Learning Credits: 1 |
PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].
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Registration |
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Membership Type |
Price |
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Sustaining, Corporate, and RIM Members |
$ FREE |
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Contributing Member |
$ 35 |
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Non Member |
$ 75 |
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