Michael Lewis is wrong, says Knightmare on Wall Street's Edgar Perez: Markets ar e not any more 'RIGGED' than

before Edgar Perez, former McKinsey and IBM consultant, is a global speaker and author of The Speed Traders, Knightmare on Wall Street, and the forthcoming The 11th-Ho ur Deal, Behind Washington's. New York City, NY, April 02, 2014 -- According to Edgar Perez, author of Knightm are on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets (http://knightmareonwallstreet.com), stock markets are not an y more 'rigged' than at the beginning of financial trading. He sustains that in free markets, participants are capable of making their own decisions. Different participants have always sought out an "edge" in different ways. Some do deep di ves on the fundamentals, others look at related markets and others optimize for speed, therefore, arriving at different prices for the same instruments. He further claims that all traders agreed on price, there would be no need for f inancial markets. Efficient markets need a mix a participants trading for differ ent reasons and from different perspectives. Efficient markets are based on trus t that the trading infrastructure will be up 100% of the time and that trading p articipants have systems 100% tested. That's where regulators play a role by enfor cing the rules that can strengthen trust in the market and stopping the sad new m arket reality. Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest R isk for Financial Markets, was recently reviewed by The Huffington Post which pr aised its great historical analysis and insights into what exactly went wrong with Knight Capital. Edgar Perez's book takes the reader on a wild ride. A forensic a nalysis showed how an old forgotten line of code, like an ex-girlfriend, showed up and turned itself on, which began instantly trading a cascade of orders. By 1 0:00 am that morning, the Knight Capital IT team was able to stop the program, b ut it continued finishing trades for the next fifteen minutes. Then they began t o assess the damage. James Grundvig, author of the review and CEO/Founder of CloudNician LLC, conclud es: From a platform launch with a morning cup of coffee, to the brink of bankrupt cy in less than an hour, Knightmare is a book that is both a page-turner and mod ern historical drama with outsized egos, supersized packages, and bailouts from rivals who turn into sharks in a chum feeding frenzy. The full review can be acce ssed here: http://www.huffingtonpost.com/james-grundvig/book-review-the-meltdown -_b_4719207.html. Knightmare on Wall Street, the fascinating story of Knight Capital, was also the most favorably reviewed Kindle edition book on Amazon in 2013, with an average rating of 5 out of five stars. Knight Capital, founded by Kenneth Pasternak and Walter Raquet in 1995, had seen its fortunes change as U.S. regulators made a se ries of changes in the structure of financial markets and computers were progres sively expanding their share of trading. The Flash Crash, the infamous 1,000 poi nt drop of the DJIA on May 6, 2010 (the largest one-day point decline in history ), illustrated how market structure problems could almost instantaneously cascad e from one market participant to the rest. Mr. Perez has been interviewed on CNBC, FOX BUSINESS, Bloomberg TV, CNN en Espaol , Sina Finance, BNN's Business Day, CCTV China, Bankier.pl, TheStreet.com, Leade ronomics, GPW Media, Channel NewsAsia's Business Tonight and Cents & Sensibiliti es. In addition, Mr. Perez has been globally featured on FXFactor, Columbia Busi ness, OpenMarkets, Sohu, News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 36 0doc, AH Radio, CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com, CBN week.com, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, i feng.com, International Finance News, hexun.com, Finance.QQ.com, Finance.Sina.co

m, 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, Th e New York Times, Dallas Morning News, Valor Econmico, FIXGlobal Trading, TODAY O nline, Oriental Daily News and Business Times. Mr. Perez (http://www.weibo.com/edgarperez) was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co., the Amer ican global management consulting firm that focuses on solving issues of concern to senior management; the firm serves as an adviser to businesses, governments, and institutions around the world. McKinsey is widely considered to be the most prestigious management consulting firm in the world, with over 100 offices in 6 0 countries. Mr. Perez (http://en.wikipedia.org/wiki/Edgar_Perez) has an undergraduate degree from Universidad Nacional de Ingeniera, Lima, Peru (1994), a Master of Administr ation from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administ ration 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 resides in the New York City metro area and is an accomplished salsa and hustle dancer. Contact: Julia Petrova Edgar Perez, Inc. New York City, NY 414-367-8670 jpetrova@thespeedtradersworkshop.com http://www.mredgarperez.com/