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Author
 Ivy Schmerken
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Profile of Ivy Schmerken

Editor at Large
Member Since: 5/8/2014
Author
Blog Posts: 2629
Posts: 638

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad number of topics including high frequency trading, algorithmic trading strategies, market structure, electronic trading in fixed income , colocation in data centers, Dodd-Frank regulation and the new derivatives landscape. Ivy meets with software companies and other innovators and writes about cloud computing, OMS/EMSs and other financial technologies.

Articles by Ivy Schmerken
posted in August 2007

Bear CDO Series: S&P Partners with Sky Road for Credit Ratings Data

8/22/2007
With the fall out from the credit crisis spreading to multiple asset classes and ravaging returns, the rating agencies are partnering with technology providers to get the data in the hands of hedge funds. Yesterday, Standard & Poor's said it will make its credit ratings data available through Sky Road LLC, a provider of hosted technology to hedge funds engaged in cross-asset trading.

Data Message Rates

8/22/2007
A surge in data message traffic is leading the industry to examine hardware acceleration to reduce data latency.

Bear CDO Series: Valuation Crisis

8/14/2007
Since the credit crisis erupted six weeks ago, hedge funds suffering heavy losses in CDOs related to sub-prime mortgages have had a difficult time pricing these complex instruments. Last week, French bank BNP Paribas shut down three funds with exposures to the U.S. sub-prime market because it said it could not value the funds. This in turn rattled other overseas banks that were exposed to U.S. sub-prime mortgages.

Goldman Sachs to Buy Stake In DirectEdge ECN

8/13/2007
Goldman Sachs Group agreed to purchase a minority equity stake in DirectEdge ECN, its parent Knight Capital Group announced today. Goldman will join Citadel Derivatives Group LLC, an affiliate of Citadel Investment Group, LLC, which purchased a minority equity interest in DirectEdge ECN in a transaction that closed on July 23, 2007.

Nasdaq Gains SEC Approval to Launch Private Placement Market

8/1/2007
The Nasdaq Stock Market received the green light from the Securities and Exchange Commission to launch a private electronic trading platform for unregistered debt and equity securities. The Portal Market will begin operating on Aug. 15.

Lime Brokerage Serves Up Low Latency Data to Brokers

8/1/2007
Lime Brokerage, a direct-access agency broker located in the Tribeca section of New York City, recently began offering a service bureau model providing low-latency market data to other brokers dealers, according to George Hessler, EVP at Lime who heads sales and strategy.

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