Invitation post on Jul 23, 2015:
Date – August 10th 2015
Time – 6:00PM IST / 8:30PM SGT
Risk management for algorithmic trading systems, case studies of recent failures
Increased proliferation of automated trading in financial markets have completely changed the notions about risks – both for risk managers, trading managers, and traders. Professionals now need to understanding system and operation risks in addition to managing market, finance, credit and liquidity risks.
In the presentation, a few major risk oversight issues in algorithmic trading will be discussed.
Major Risk Oversight Issues in Algorithmic Trading
- How did Knight Capital lose $460 Million in 45 minutes?
- Why was Deutsche Bank forced to close their Algorithmic Trading desk in Tokyo?
- What went wrong at Infinium Capital while trading Crude ETFs and why were they fined $ 850,000?
- What mistake caused HanMag Securities of Korea to lose 57 billion Korean Won in a few minutes?
and a few more…
In the second segment, the ways to manage risk situations specific to algorithmic trading will be discussed very broadly from the following perspective.
Ways to Manage Risk Situations
In the final segment, regulatory risk management requirements for trading quant strategies algorithmically will be discussed.