Faster than Bank of America' Site Response Times, The Speed Traders Workshop 2012 New York City

Top Quote Edgar Perez, Author, The Speed Traders, Speaker at The Speed Traders Workshop 2012 New York (, How Algorithmic and High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX, September 25. End Quote
  • New York, NY (1888PressRelease) September 21, 2012 - Bank of America's website was sluggish and intermittently unavailable for many users, in an outage that the bank hadn't explained by the end of the day. Edgar Perez will explain what speed really is at The Speed Traders Workshop 2012, How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX (The Speed Traders Workshop 2012), in a number of cities around the world, including New York, Chicago, Dubai, Jakarta, Shanghai and London. Perez is the author of The Speed Traders, and former McKinsey & Co. consultant and New York University Adjunct Professor.

    The bank's official Twitter account sent similar messages to customers who complained about the issues. The majority of Bank of America's customers were able to access the site, which remained online throughout the day. Still, many customers were unable to connect because of the site's slowness. Data from Keynote, a testing and monitoring company, showed that the problems began around 10 a.m. ET and were still ongoing as of 6:10 p.m.

    "It's possible that something Bank of America has done on its end, some kind of change, caused the problem," said Aaron Rudger, Keynote's senior marketing manager of Web performance. The bank's homepage looked different before the trouble began, he said. As of about 6 p.m., Rudger said, a "small percentage" of website requests were being fulfilled successfully, but the majority were still met with errors.

    The Speed Traders Workshop 2012 New York promises to reveal how high-frequency trading players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds from the U.S. and Europe to India, Singapore and Brazil. The Flash Crash, the suspended BATS IPO, the botched Facebook IPO and Knight Capital's trading malfunction are just a few of the events in the history of high-frequency trading that will be dissected at The Speed Traders Workshop 2012.

    Perez has been interviewed on CNBC Cash Flow, CNBC Squawk Box, BNN Business Day, CCTV China,,, Leaderonomics, GPW Media, Channel NewsAsia Business Tonight and Cents & Sensibilities. In addition, Perez has been featured on Sohu,, Yicai, eastmoney, Caijing,, 360doc, AH Radio,, CITICS Futures, Tongxin Securities,,, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News,, International Finance News,,,, 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.

    The Speed Traders Workshop 2012 is produced by Golden Networking (, the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info ( @ ) goldennetworking dot net.

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