The document promotes the High-Frequency Trading (HFT) conference scheduled for February 9-10, 2011, in Chicago, focusing on the impact of new regulations such as the Dodd-Frank Act and technological advancements in HFT. It highlights discussions on topics including market making obligations, optimizing algorithmic execution, and the future implications of HFT, featuring insights from regulatory experts and industry leaders. Registration details and networking opportunities are also provided to encourage participation from a diverse range of financial professionals.

1. Organized by:
HIGHFREQUENCY
TRADING
February 9-10, 2011
Wyndham Chicago
Prop Traders, Regulatory Experts, & Senior Consultants on New Regulation, Satisfying the
Need for Speed, and Applying HFT as a Method to Achieve Trading Objectives
Register by
December 17th
for Early Bird Discount
INTERACTIVE PANEL
DISCUSSIONS
• May 6th 2010 and Its Future
Implications
• Market Making Obligations and
Advantages
• Optimizing Stat Arb and Algo
Execution via HFT
• Latest in Co-Lo, Low Latency Tech,
& Global Connectivity
• Close Up on the Quote Stuffing
QuestionSPECIAL FOCUS ON
HFT FOR FUTURES
AND OPTIONS
Media PartnersSponsor
TO REGISTER:
CALL 800-647-7600 OR 781-939-2500
e-mail: info@worldrg.com
www.buysideevents.com/hft
Jonathan Brogaard
Kellogg School of
Management
NORTHWESTERN
UNIVERSITY
Garrett Nenner
Managing Director
MOMENTUM TRADING
PARTNERS
Morgan Hill
Managing Partner, Chief
Operating Officer
ATTIS CAPITAL
Michael Felman
President and CEO
MSF CAPITAL ADVISORS
Peter Nabicht
Chief Technology Officer
ALLSTON TRADING
John Netto
President
M3 CAPITAL LLC
Joe Gawronski
President/Chief Operating
Officer
ROSENBLATT SECURITIES
Paul Zublake
Senior Analyst
AITE GROUP
Mark Longo
Founder
THEOPTIONS INSIDER.COM
Adam Afshar
President
HYDE PARK GLOBAL
INVESTMENTS
David L. Portilla
Associate
DAVIS POLK & WARDWELL
Jonathan Kanterman
Managing Director
STILLWATER CAPITAL
PARTNERS, INC.
...AND MORE!

2. Considering the Senate’s passage of the Dodd-Frank Act and new oversight of the
high frequency space- including the Circuit Breaker Rule and overall message
rate restrictions- traders must adapt their strategies to thrive in increasingly
regulated markets. To make things even more difficult, due to last year’s high
frequency trading boom, the arena has become flooded and consequently alpha
has become compressed. Now more than ever, competitive advantage is hard to
attain. Only by maximizing their firms’ computational powers and reframing the
idea of high frequency trading- not as an end in itself but as a method for
achieving trading objectives- can traders truly gain the necessary edge.
Building off of the momentum of last February’s High Frequency Trading Summit
in Chicago, 2011’s event boasts an expanded agenda which is strategically
devised to provide actionable strategies for unraveling new regulation, satisfying
the need for speed, and using HFT as a method to optimize statistical arbitrage,
market making, and algo execution. There will also be a portion of the conference
focused on HFT for options and futures.
Academic Spotlight on Jonathan Brogaard
Jonathan Brogaard, a PhD student in Finance at Kellogg School of Management of
Northwestern University and concurrently a JD student at Northwestern University
School of Law is the author of the recently released and highly publicized, “High
Frequency Trading and its Impact on Market Quality.” Currently Jonathan
continues his research on HFT. Other areas of interest include derivatives,
empirical asset pricing, financial regulation, investments, law and finance,
securities regulation, and taxation.
WHY ATTEND
• Unravel New Regulation on High Frequency Trading: Circuit Breakers, Message
Rate Restrictions, and Dodd-Frank
• Weigh the Significance May 6th 2010 and Its Future Implications for High
Frequency Traders
• Dissect Market Making Obligations and Advantages for High Frequency Traders
• Reframe HFT as a Method for Optimizing Stat Arb and Algo Execution
• Examine the Affect of High Frequency Trading on Market Structure: Is it
Beneficial or Detrimental?
• Mesh High Frequency Trading and Low Latency Technology: Where Strategy and
Hardware Intersect
• Achieve the Need for Speed via Collocation and Harnessing Complete Live Data
Feeds from Exchanges
• Leverage Best Approaches for Enhancing Global Connectivity for International
High Frequency Trading
• Answer the Build or Buy Question in an Increasingly Flooded Trading Arena
• Construct a High Performance Infrastructure for High Frequency Trading
• Drill Down on the Latest Developments in Cloud Storage, Middleware, and
Complex Event Processing
The Networking
World Research Group recognizes the importance of capturing new opportunities,
strategies and connections. We are delighted to offer extended networking breaks
throughout the Buy-Side Tech: High Frequency Trading Forum - Chicago. We are
serious in ensuring that your time at this conference is a great investment.
• Buy Side-Sell Side Cocktail Reception
• Speed Networking During Day One Morning Break
• Day One Networking Luncheon
• 7 Strategic Networking Breaks
Join us in February for what is sure to be an outstanding and valuable program.
We look forward to meeting you in Chicago!
Best regards,
Adam Afshar Ian Grody
President Senior Conference Director
HYDE PARK GLOBAL INVESTMENTS WORLD RESEARCH GROUP
Conference Chairman
Who Should Attend
TO REGISTER, CALL 800-647-7600 OR 781-939-2500
e-mail: info@worldrg.com • www.buysideevents.com/hft
Voices of the Industry on WRG's Buy-Side Tech Series
Timely, informative, great opportunity to network when it couldn't
have been more valuable!
Kenneth McCue, Strategic Advantage Capital, LLC
I've attended many conferences and I believe your operation to be
one of the best I've seen!
Ron Schoenberg, Trading Desk Strategies
I enjoyed the conference: the group of people is very interesting and
your team organized it extremely well.
Yuri Balasanov, AQ Strategies
I really enjoyed being there and I met a lot of people that I knew and
didn't know. It is funny that although that conference is small
compared to some of the big industry ones, it seems to have a high
concentration of interesting people.
Robert Almgren, Quantitative Brokers
Great stuff and I learned a lot.
Ben Batory, Brightpoint Capital
Enjoyed the conference very much, thanks!
Dmitry Koltunov, Highbridge Capital Management
Dear Colleague,
CEOs, Portfolio Managers; Senior Executives/Heads of…
Proprietary Trading Desks • Broker-Dealers • Consulting Firms Advisory
Firms Market Data • DMA Co-Location
Institutional Investment Firms • Asset Management Firms
Hedge Funds Pension Funds • Wealth Management Firms Commodity
Trading Advisors (CTAs) • Endowments • Foundations
Also…CEOs, Executives and Directors of Business Development, Marketing,
Electronic & Algorithmic Trading and Execution Strategies from…
Alternative Execution • Applications • Connectivity • Dealing
Electronic Execution Electronic Trading • Equities • FIX Connectivity
Global Trading Operations • IT Options • Portfolio Management
Portfolio Strategy • Private Banking • Program Trading
Quantitative Strategies • Sales Trading • Trading Consulting Firms
Exchanges • Banks • OMS • ECN • ATS • Connectivity
Program Trading

3. 7:30 Event Registration and Coffee
8:30 Chairperson’s Opening Remarks
Adam Afshar
President
HYDE PARK GLOBAL INVESTMENTS
ACADEMIC KEYNOTE
8:45 High Frequency Trading and Its Impact on
Market Quality
This session examines the impact of high frequency trading on
the U.S. equities market. Brogaard analyzes a unique dataset to
study the strategies utilized by high frequency traders, their
profitability, and their relationship with characteristics of the
overall market, including liquidity, price discovery, and volatility.
Jonathan Brogaard
Kellogg School of Management
NORTHWESTERN UNIVERSITY
9:45 Networking Break & Refreshments
PANEL DISCUSSION
10:00 Weighing the Significance May 6th 2010 and Its
Future Implications for High Frequency Traders
• Assessing the affect of the flash crash on investor confidence
• Examining proposed regulatory fixes such as single stock and
market wide circuit breakers
• Asking the question: what will happen if this occurs again?
John Netto
President
M3 CAPITAL LLC
Irene A. Halpin
Executive Director and Equities Regulatory Counsel
J.P. MORGAN
Jonathan Kanterman
Managing Director
STILLWATER CAPITAL PARTNERS, INC.
FEATURED DISCUSSION
11:00 The Future of Purely Robotic Trading
• Employing automated tools to exploit short-term equity market
inefficiencies that exist only for milliseconds
• Introducing a proprietary algorithm to capture the quantitative
opportunity arising out of market volatility
• Replacing traders, portfolio managers, and analysts
Adam Afshar
President
HYDE PARK GLOBAL INVESTMENTS
12:00 Networking Luncheon
PANEL DISCUSSION
1:00 Answering the Build or Buy Question in an
Increasingly Flooded Trading Arena
• Determining system requirements and overcoming start-up
barriers
• Evaluating the best proximity and hosting solutions
• Exploring the intersection between strategy and hardware
Peter Nabicht
Chief Technology Officer
ALLSTON TRADING
Morgan Hill
Managing Partner
Chief Operating Officer
ATTIS CAPITAL
Michael Felman
President and CEO
MSF CAPITAL ADVISORS
2:00 Networking Break & Refreshments
PANEL DISCUSSION
2:30 Best Approaches for Colocation, Low Latency,
and Connectivity
• Low latency technology for domestic & international traders
• Dissecting best approaches to co-location and working on
applications
• Harnessing complete live data feeds from exchanges
Paul Zublake
Senior Analyst
AITE GROUP
Jayaram Muthuswamy
Professor of Finance
KENT STATE UNIVERSITY
Zameer G. Syed
Trading Technology Architect
MUMBAI, INDIA
FEATURED SESSION
3:30 Capitalizing on the Growth of High Frequency Trading
in Asia and Europe
• Measuring the market impact of HFT in Asia and Europe
• Identifying opportunities for investors by region
• Exploring latency and connectivity within a global context
Jayaram Muthuswamy
Professor of Finance
KENT STATE UNIVERSITY
PANEL DISCUSSION
4:00 The Future of Market Making Obligations and
Advantages for High Frequency Traders
• What does in mean to be a market maker in today’s HFT trading
environment?
• How will market makers be incented to provide liquidity to
markets?
TO REGISTER, CALL 800-647-7600 OR 781-939-2500
e-mail: info@worldrg.com • www.buysideevents.com/hft
DAY ONE
Wednesday February 9, 2011

4. • Looking specifically at higher rebates/lower fees/speed
advantages/rule advantages, and naked short selling privileges.
Garrett Nenner
Managing Director
MOMENTUM TRADING PARTNERS
Paul Zublake
Senior Analyst
AITE GROUP
Joe Gawronski
President/Chief Operating Officer
ROSENBLATT SECURITIES
5:00 BUY SIDE-SELL SIDE COCKTAIL RECEPTION
7:30 Registration and Coffee
8:15 Chairperson’s Opening Remarks
Adam Afshar
President
HYDE PARK GLOBAL INVESTMENTS
FEATURED SESSION
8:30 Unraveling New Regulation on High Frequency Trading
• Identifying the affects on Dodd-Frank on high frequency trading
• Lasering in on flash trading, message rate restrictions, large
trader reporting, quote stuffing, and circuit breakers
• Working with the SEC to navigate the evolving regulatory
environment
Joe Gawronski
President/Chief Operating Officer
ROSENBLATT SECURITIES
FEATURED SESSION
9:15 Focusing on Best Practices for High Frequency Trading
of Options and Futures
• Defining high frequency trading outside of the equities space
• Establishing how to adapt a high frequency approach to futures
and options
• Exploring arbitrage opportunities for high frequency traders in
options
Mark Longo
Founder
THEOPTIONSINSIDER.COM
10:00 Morning Refreshment and Networking Break
PANEL DISCUSSION
10:15 Constructing a High Performance Infrastructure for
High Frequency Trading
• Identifying key focus areas, players, trends, issues and risks
• Dissecting feed handlers, messaging middleware, and smart
order routing
• Assessing high performance data bases and best usage
Adam Afshar
President
HYDE PARK GLOBAL INVESTMENTS
Zameer G. Syed
Trading Technology Architect
MUMBAI, INDIA
FEATURED DISCUSSION
11:00 Drilling Down on the Latest Developments in Cloud
Storage, Middleware, and Complex Event Processing
• Exploring the relationships between power, proximity, and profit
• Focusing on buy and sell side perspectives on hardware
acceleration
• Looking ahead to new developments in messaging
12:00 Conference Concludes
TO REGISTER, CALL 800-647-7600 OR 781-939-2500
e-mail: info@worldrg.com • www.buysideevent.com/hft
DAY TWO
Thursday February 10, 2011
HIGHFREQUENCY
TRADING

5. Buy-Side Sell-Side
Before
December 17,2010
After
December 17,2010
Before
December 17,2010
After
December 17,2010
Conference ONLY $795 $1095 $1895 $2195
Registration Information:
Fee includes morning coffee, lunch, and refreshments. Please make checks payable to WRG Research, Inc.
TEAM DISCOUNT: Register 3 team members from the same organization at the same time and the 4th
team member attends FREE! (Valid only at regular registration rate.)
PAYMENT POLICY/SUBSTITUTIONS/CANCELLATIONS: Registration fees must be paid by
January 26, 2011 Your registration may be transferred to a member of your organization up to 24 hours
in advance of the conference. All cancellations received on or before January 26, 2011 will be subject
to a $295 administrative charge. We regret that no refund for cancellations will be made after this date.
In case of conference cancellation, World Research Group’s liability is limited to refund of the conference
registration fee only. World Research Group reserves the right to alter this program without prior notice.
All cancellations must be submitted in writing on or before 21 days prior to the conference date in order
to receive a refund, minus cancellation fee.
SATISFACTION GUARANTEED: World Research Group stands behind the quality of its conferences. If
you are not satisfied with the quality of the conference, a credit will be awarded towards a comparable
World Research Group conference of your choice.
CONFERENCE VENUE:
Wyndham Chicago
633 North St. Clair
Chicago, Illinois 60611
Tel: (312) 573-0300 or (800) 996-3426
Press permission must be obtained prior to the event and is dependent upon the speakers’ approval.
The press may not quote speakers or delegates unless they have obtained their approval in writing.
Press passes do not include admittance to pre-event workshops.
Partnership Opportunities
Industry-Specific events help 80% of B2B marketers build brand awareness,
generate qualified leads, and reach decision makers. B2B events rank #1 for
helping business decision makers find out about new products and services. *
American Business Media
AT WRG, we spend 95% of our time understanding the business needs of the
primary market. Our conferences and seminars are designed to ensure the
delivery of the most pertinent and timely content. This is why 95% of
attending companies return to WRG programs.
We view solution providers as partners and assist in the following:
• To be more effective in reaching the target
audience before, at and after the
face-to-face experience
• To have direct and personal access to
potential clients
• To help maximize the investment of making
connections and developing relationships
• To be part of the decision making to enhance
the conference/seminar program experience
• To organize face-to-face meetings
• To come away with leads and a positive ROI
• To lead change and not follow it
Partnering with WRG depends on how we can best meet the client’s needs.
We work with clients to create a worthwhile investment. Examples of
participation from solution providers have included, but are not limited to:
• On-Site service demos
• Topic matter expertise
• Reception/luncheon/breakfast sponsorship
• Exhibiting
• Specialized track hosts
• Discussion group leaders
• Topic moderators
• Compendium sponsor
For more information on WRG partnering opportunities, please contact
Mark Bernard at 646-723-8012 or mark.bernard@worldrg.com.
MEDIA PARTNERS
TO REGISTER, CALL 800-647-7600 OR 781-939-2500
e-mail: info@worldrg.com • www.buysideevents.com/hft
Hedge Connection is the first comprehensive, web-based, marketing tool that facilitates
relationship building and allows direct interaction and exchange of information between hedge
funds and opt-in, qualified investors. Proudly serving hedge funds and investors since
2005.Membership is complimentary for qualified investors actively allocating to hedge funds.
Investor members gain access to performance analytics, hedge fund marketing materials and video interviews with hedge fund members. Investor members
also receive priority access to educational seminars, Meet the Manager events and networking gatherings.” For more information, visit:
www.hedgeconnection.com
Leebug is a free, interactive social networking site for people attending conferences. It allows event
participants to network before, during and after an event. It provides tools to make every connection a
strategic one and empowers interactions that will enhance the users ability to build relationships. For more
information, visit: www.leebug.com
SPONSOR
Correlix Inc., a leader in latency intelligence solutions offers RaceTeam™, the leading latency
management service providing real-time latency visibility for buy-side, sell-side and liquidity venues.
Customers rely on Correlix to monitor measure and minimize latency in trade execution and market data
flow in real-time. This empowers users to execute a trade or deliver and act on market data in fewer
microseconds. The company’s global client base encompasses the world’s largest high frequency trading sell-side, buy-side and market centers as well as low-
latency service providers. Correlix is headquartered in New York with offices in London and Israel. Correlix is backed by prominent venture capital groups Sequoia
Capital, Genesis Partners, Blumberg Capital, Vernon & Park Capital, L.P. and Xenia Ventures.

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4 Easy Ways to Register
WEBSITE
www.buysideevents.com/hft
PHONE
800-647-7600
781-939-2500
outside the U.S.
HIGHFREQUENCY
TRADING
February 9-10, 2011
Chicago, IL
Organized by:
TO REGISTER, CALL 800-647-7600 OR 781-939-2500
e-mail: info@worldrg.com • www.buysideevents.com/hft
INTERACTIVE PANEL
DISCUSSIONS
• May 6th 2010 and Its Future
Implications
• Market Making Obligations and
Advantages
• Optimizing Stat Arb and Algo
Execution via HFT
• Latest in Co-Lo, Low Latency Tech, &
Global Connectivity
• Close Up on the Quote Stuffing
Question
HIGHFREQUENCY
TRADING
Register by
December 17th
for Early Bird Discount
SPECIAL FOCUS ON
HFT FOR FUTURES
AND OPTIONS