Profile of Ivy SchmerkenEditor at Large
Member Since: 5/8/2014
Blog Posts: 2629
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 February 2012
Nasdaq OMX's Cateret, N.J., colocation facility now boasts round-trip latency of just 107 milliseconds from the New York markets to Brazil.
80 percent of respondents in MoneyMate survey said data management automation is very important in 2012.
In the new management structure, Portware promoted COO Scott DePetris to president and COO, and announced new roles for founders Eric Goldberg and Ari Khatchikian.
With usage of Facebook and Twitter on the rise, online broker TradeKing went live with SunGard's Protegent to monitor employees' social media activity.
Looking for alternative revenue sources, NYSE Euronext, Nasdaq and CME Group have built out liquidity centers that offer services ranging from colocation to on-demand trading technology and market data.
Aimed at latency sensitive applications, Redline's Pre-Trade Risk Solution performs a comprehensive series of risk checks in less than one microsecond to help firms comply with the SEC's 15c-3 Market Access Rule.
The company's FPGA architecture achieves average latencies of 400 to 700 nanoseconds, avoiding bottlenecks by bypassing the CPU.
The global market maker named Daniel Coleman as its new CEO, citing his success and leadership as the firm's global head of equities and client services since 2010.
The online broker released a new mobile app for the iPhone and Android enabling investors to scan a product's bar code with the smartphone camera to reveal detailed information about the public company during the shopping experience.
To cope with new swaps regulations, Kempen Capital Management scrapped its Excel spreadsheets in favor of an iinhouse collateral management system.
The risk management technology worked closely with U.S. clients to design a solution for OTC swaps data reporting under Dodd-Frank as of July 2012, but is eyeing European regulations with similar requirements by 2013.
Already a customer utilizing SunGard's Global One in New York and London, BMO adopted the system in Toronto earlier this year to consolidate all global securities lending on one technology platform.
A bunch of global exchanges, including the likes of CME and NYSE Euronext, are said to be submitting bids to acquire the London Metals Exchange, one of the last pit-based exchanges still standing.
The Middle Eastern marketplace migrated to NYSE Technologies' NSC V900 trading platform to boost speed and reduce the time needed for brokers to process transactions.
Arqaam Capital will extend its use of Orc Trader to support cash equity trading on three stock exchanges in the United Arab Emirates.
The regulatory push toward central clearing of OTC derivatives is going to create higher volumes of margin calls on cleared swaps for buy and sell sides. Manual emails will no longer suffice!
The acquisition of IRG is complementary to Rodman & Renshaw's pending launch of DirectMarkets, an electronic platform linking public company issuers of private offers with investors.
KDPW_CCP, Poland's leading securities clearing house and central counterparty, has selected Nasdaq OMX to deliver its OTC derivatives clearing and risk management product.
Fiinancial institutions can now run the outsourced Arkelis messaging solution on Red Hat Linux, an open source solution, more cost effectively.
Thomson Reuters selected DDF as a managed service "data formatting factory," to offer clients rapid integration and adoption of reference and pricing data.
Invites rival banks to invest in electronic trading software group, which Goldman will retain a significant stake in through its private equity arm.
MF Global's computer systems couldn't keep up with the unprecedented volumes of transactions during its final days, according to a trustee's report, noting that some were never recorded.
The fourth largest integrated banking group in Malaysia chose the latest version of GFI Group's Fenics Professional with a broad range of tools for their FX derivatives business.
The exchange will offer Super Cab, a cabinet providing up to 17 killowats of power to operate and cool trading equipment, and will soon roll out 40 Gigabyte connectivity to its US markets and data feeds.
Designed for BATS' new U.S. primary listings business, the competitive liquidity provider (CLP) program is designed to incent market makers to make tighter quoted spreads for each listing on BATS.
The new distribution deal is aimed at improving institutional investors' workflows.
Institutional broker seeks algos for its buy side clients, but vows to maintain ATM's broker-neutral business
As CEO, Lupowitz will lead DirectMarkets, a new subsidiary launching an automated transaction platform linking public company issuers with investors, which will bypass intermediaries to cut costs.
With Parallel Posting, equity traders can colocate passive orders in multiple venues simultaneously and then automatically rebalance the remaining bids and offers at the most active venues.
The electronic trading platorm said its estimated market share in U.S. high-grade corporate bond, increased to 12.2 percent during Q4.