Cyber Security Speaker Edgar Perez Keynotes Securities and Exchange Commission's Annual Conference

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Cyber Security Speaker Edgar Perez Keynotes Securities and Exchange
Commission's Annual Conference
Edgar Perez, author of The Speed Traders and Knightmare on Wall Street, partnering with
Terrapinn Training in 3-Day Masterclass Cybersecurity to bring key insights for CEOs and board
members on cyber security.
New York City, NY, USA -- Mr. Edgar Perez,
author of The Speed Traders and Knightmare
on Wall Street, addressed senior staffers of the
U.S. Securities and Exchange Commission
(SEC) during the Division of Enforcement's
Market Abuse Unit's annual conference in
Washington DC. The mission of the SEC is to
protect investors, maintain fair, orderly, and
efficient markets, and facilitate capital
formation; the SEC strives to promote a market
environment that is worthy of the public's trust.
Mr. Perez was hosted by Mr. Daniel Hawke,
Chief of the Division of Enforcement's Market
Abuse Unit. His unit investigates large-scale
market abuses and complex manipulations schemes by institutional traders, market professionals and
others. In particular, the unit focuses on many of the high-frequency trading issues discussed in The
Speed Traders, Perez's volume that introduced electronic and high-frequency trading to the general
public.
The Market Abuse Unit is part of the Division of Enforcement, which was created in 1972 to consolidate
enforcement activities that previously had been handled by the various operating divisions at the
Commission's headquarters in Washington DC. The Commission's enforcement staff conducts
investigations into possible violations of the federal securities laws, and litigates the Commission's civil
enforcement proceedings in the federal courts and in administrative proceedings.
Edgar Perez, author of The Speed Traders and Knightmare on Wall Street, is a recognized keynote
speaker and director of programs targeted at board members, chief executive officers and senior
executives looking for new ways to gain and maintain a competitive business advantage. He can be
reached through Twitter and Weibo.
SPEAKER'S KEYNOTE TOPICS
• The Importance of the Cybersecurity Framework for Directors and CEOs
An email embedded with malware. Security systems hacked by thieves. Credit card numbers stolen from
store purchases. There's certainly no shortage of examples when it comes to data security breaches and
the havoc they wreak on business. No wonder then that nearly a third of CEOs in KPMG's latest global
survey identified cyber security as the issue having the biggest impact on their companies today. Every
organization should apply a Cybersecurity Framework for analyzing cyber security, and ideally it should be

integrated into an organization's existing enterprise risk framework. The key is making it part of the
mainstream of risk management within an organization. The most innovative companies today have
recognized that cyber security is a customer experience and revenue opportunity, not just a risk that
needs to be managed. Mr. Perez will explain why this must done across the entire organization and why
the CEO and Board of Directors have the most important role to play.
• The Impact of Brexit in the U.K and the World
Companies inside and outside Britain's borders have warned that the Brexit decision is affecting their
businesses, highlighting how the June vote for the UK to leave the European Union is having wide
repercussions. The vote roiled equity markets worldwide and led to a devaluation of sterling amid
concerns over a prolonged slowdown in consumer demand. The U.K.'s decision to leave the European
Union inflicted an immediate blow on the economy as business activity shrank at its fastest pace since the
last recession seven years ago. The International Monetary Fund said that it had become less optimistic
on global growth, and warned the damage could worsen if confidence falters among investors and
companies, as fears abound over businesses and customers reining in spending during a period of
uncertainty for the UK as it negotiates the terms of its exit. Mr. Perez will identify the world economies that
will feel the lion's share of the short and long-term pain to come.
• Blockchain and its impact on Finance
Blockchain technology (the software behind the digital currency, Bitcoin) offers an opportunity to overhaul
existing business models, including banking infrastructure, approach to settlements and customer
interactions. Now it is only a matter of time before the broader financial services and banking industries
shift to blockchain and network-based approaches. The application possibilities are endless, improving the
way we hold and transfer secure goods from money to deeds to music to intellectual property. In fact,
blockchain, as a pure platform technology, may be able to cut out the middlemen (or middle companies)
everywhere, even disrupting other disruptors like Airbnb or Uber. Mr. Perez will explain why the question is
not whether network business models supported by blockchain technology will disrupt organizations, but
when.
• The Biggest Risks for Financial Markets
Constant regulatory changes and technological evolution have transformed the financial landscape so
profoundly since the advent of the first electronic networks in the early 1970s. Regulators around the world
are now in a race to respond to the evolution of technology in financial markets and prevent its operational
challenges from becoming the biggest risk for financial markets. However, when considering technology
and the cyber landscape, errors are bound to happen. Financial services firms are expected to have
deployed the most sophisticated defense systems against cyberattacks. Trading firms are expected to
have controls in place and invest in the technology to keep up to date. Most companies would realize the
need of these investments and honestly attempt to implement them, but their IT departments would soon
hit a wall, because of direct involvement from senior management and boards of directors. Compliance
actions against those who missed their importance will go a long way toward restoring investor confidence
and limiting the impact of the biggest risk for financial markets.
• Finance in the New Global Economy
Until quite recently, globalization was seen as a one-way street. Multinationals, which led the charge four
decades or so ago into growing global markets, were its ambassadors, and American and European
workers, whose wages and upward mobility were flattened, were feeling left out. The core idea was that
globalization, technological innovation and unfettered free trade would erase historical and geographic
boundaries, making the world ever more economically interconnected and alike. Developed economies
would come under more and more competitive pressure from eager upstart nations. Now we are entering
a new age of volatility. Financiers will become less important, manufacturers more so. Blue collar jobs will
go high tech. Robots will replace Chinese workers. Mr. Perez will discuss why finance stands now in front
of its biggest transformation triggered not by any of the financial conglomerates that dominate the world
today but by obscure startups that could be working already in garages in Silicon Valley, Shanghai, Kiev or
Delhi.

• China: To Rebalance or Not to Rebalance
China's 12th Five-Year Guideline in 2011 included efforts to rebalance its economy, shifting emphasis from
investment towards consumption and development from urban and coastal areas toward rural and inland
areas. Flash forward to 2016 and the country is exhibiting massive overcapacity in sectors linked to real
estate, steel, cement, coal and construction equipment, zombie businesses continue to undermine the
sustainability of China's growth and exports are declining. At 260% of gross domestic product, the
country's overall debt is approaching danger levels. The world's second-largest economy is now posting
its weakest annual growth in 25 years, 6.9% for 2015. To top it all, $676 billion left China in 2015; with so
much overcapacity in China, lack of confidence in the future as monetary policy can change tomorrow,
why should people keep money inside China? Why should we bet on China? Mr. Perez will bring the
answers you are looking for.
• Social Engineering: The "Weakest Human Link" in Cybersecurity
Social engineering involves tricking your employees into breaching security protocols or giving away
information, most often over the telephone or via email. Social engineering exploits human weaknesses
rather than technology, preying upon people's propensity towards trust in particular. Often, these exploits
are used to gather information to support a more targeted cyberattack, with the initial forays based on the
premise of 'little and often' so as not to cause concern. Employees at all levels, including senior
executives, are vulnerable. Mr. Perez will explain why by improving employee awareness and introducing
simple technical measures, organizations can protect themselves against social engineering techniques
and the risk of a cyberattack and its potential impact on business, customers and data.
• Establishing or Improving a Cybersecurity Program
The NIST Cybersecurity Framework, which was drafted by the Commerce Department's National Institute
of Standards and Technology (NIST), comprises leading practices from various standards bodies that
have proved to be successful when implemented, and it also may deliver regulatory and legal advantages
that extend well beyond improved cybersecurity for organizations that adopt it early. Its adoption may
prove advantageous for businesses across virtually all industries. Mr. Perez will explain why a proper
Cybersecurity Program will build on the analysis of the possible areas of concern, an understanding of the
company's most critical assets, and a thorough review of Information Technology's policies and
procedures when faced with cybercrime.
• The Present and Future of High-Frequency Trading
On May 6, 2010, the Dow Jones Industrial Average plummeted nearly 1,000 points, then its biggest
intraday point drop ever. The "Flash Crash" revealed the influence of high-frequency trading to
mainstream audiences around the world. In fact, over the past 15 years, the global financial market has
fragmented: where there were once three main U.S. exchanges, there are now more than 40 exchanges
and alternative trading systems. High-frequency trading companies have largely replaced traditional
broker-dealers, using algorithms instead of human traders to make decisions in milliseconds, mostly in
response to orders made by other algorithms. Mr. Perez will discuss the benefits brought by technology,
making trading faster and more efficient, as well as the potential costs brought upon institutional and retail
investors.
ABOUT EDGAR PEREZ
Mr. Edgar Perez is a published author, business consultant for billion-dollar private equity and hedge funds
and Council Member at the Gerson Lehrman Group, Guidepoint Global Advisors and Research
International, with subject matter expertise in cyber security, investing, trading, financial regulation (Dodd-
Frank Act) and market structure.
He is author of Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for
Financial Markets (2013), and The Speed Traders, An Insider's Look at the New High-Frequency Trading
Phenomenon That is Transforming the Investing World, published in English by McGraw-Hill Inc. (2011),
Published in Mandarin by China Financial Publishing House (2012), and Investasi Super Kilat, published
in Bahasa Indonesia by Kompas Gramedia (2012).

Mr. Perez is course director of Cybersecurity Boardroom Workshop, How Boards of Directors and CXOs
Can Build the Proper Foundation to Address Today's Information Security Challenges, and The Speed
Traders Workshop, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities,
Options, Futures and FX; he has presented his workshops in Singapore, Hong Kong, Sao Paulo, Seoul,
Kuala Lumpur, Warsaw, Kiev, New York, Singapore, Beijing, Shanghai. He contributes to The New York
Times and China's International Finance News and Sina Finance.
Mr. Perez has presented to the Council on Foreign Relations, Vadym Hetman Kyiv National Economic
University (Kiev), Quant Investment & HFT Summit APAC (Shanghai), U.S. Securities and Exchange
Commission (Washington DC), CFA Singapore, Hong Kong Securities Institute, Courant Institute of
Mathematical Sciences at New York University, University of International Business and Economics
(Beijing), Hult International Business School (Shanghai) and Pace University (New York), among other
public and private institutions. In addition, Mr. Perez has spoken at a number of global conferences,
including Cyber Security World Conference (New York), Inside Market Data (Chicago), Emerging Markets
Investments Summit (Warsaw), CME Group's Global Financial Leadership Conference (Naples Beach,
FL), Harvard Business School's Venture Capital & Private Equity Conference (Boston), High-Frequency
Trading Leaders Forum (New York, Chicago), MIT Sloan Investment Management Conference
(Cambridge), Institutional Investor's Global Growth Markets Forum (London), Technical Analysis Society
(Singapore), TradeTech Asia (Singapore), FIXGlobal Face2Face (Seoul) and Private Equity Convention
Russia, CIS & Eurasia (London).
Mr. Perez has been interviewed on CNN's Quest Means Business, CNBC's Squawk on the Street,
Worldwide Exchange, Cash Flow and Squawk Box, FOX BUSINESS's Countdown to the Closing Bell and
After the Bell, Bloomberg TV's Market Makers, CNN en Español's Dinero, Petersburg - Channel 5, Sina
Finance, BNN's Business Day, CCTV China, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media,
Channel NewsAsia's Business Tonight and Cents & Sensibilities. In addition, Mr. Perez has been featured
on Sohu, News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio, CNFOL.com,
CITICS Futures, Tongxin Securities, ZhiCheng.com, CBNweek.com, Caixin, Futures Daily, Xinhua, CBN
Newswire, Chinese Financial News, ifeng.com, International Finance News, Finance.QQ.com, hexun.com,
Finance.Sina.com, The Korea Times, The Korea Herald, The Star, The Malaysian Insider, BMF 89.9,
iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times,
Dallas Morning News, Valor Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and
Business Times.
Mr. Perez was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at
McKinsey & Co. in New York City. Previously, he managed Operations and Technology for Peruval
Finance. Mr. Perez has an undergraduate degree in Systems Engineering from Universidad Nacional de
Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and
a Master of Business Administration from Columbia Business School, New York, with a dual major in
Finance and Management (2002). He belongs to the Beta Gamma Sigma honor society. Mr. Perez is an
accomplished salsa and hustle dancer and resides in the New York City area.