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 November 2006
11/28/2006
Ivy Schmerken, Wall Street & Technology
Creditex completed its merger with CreditTrade, underscoring plans to create a global leader in voice, hybrid and electronic execution in the credit derivatives market. The transaction, announced on July 25, has received both NASD and FSA approvals, according to Tuesday's release.
11/28/2006
Ivy Schmerken, Wall Street & Technology
Tradeware Global Corp. has established an agreement with Interacciones Casa de Bolsa, among the largest Mexican brokers, to provide electronic direct market access (DMA) to the Mexican Stock Exchange through FIX connectivity.
11/28/2006
Ivy Schmerken, Wall Street & Technology
The Boston Options Exchange (BOX) has filed with the Securities and Exchange Commission (SEC) to participate in the penny pilot program for option trading, which will begin on Jan. 26, 2007. In addition, BOX has also filed a quote mitigation plan to help manage market data traffic, according to the announcement.
11/28/2006
Ivy Schmerken, Wall Street & Technology
The ISE Stock Exchange will unveil its fully displayed stock market on Friday, Dec. 8, according to an announcement by the publicly traded International Securities Exchange (ISE), which also operates the leading all-electronic U.S. options exchange.
11/28/2006
What matters to buy-side traders? Simplicity in technology, responsiveness from service providers and, yes, relationships, which, on a scale of one to 10, still rank a 10.
11/28/2006
Have you noticed that no one in the industry uses the term "soft dollars" anymore?
11/28/2006
Commission-sharing arrangements are a big trend in the U.K. Now, the buy side is evaluating CSAs as a way to pay for research and consolidate their trading relationships in the U.S.
11/28/2006
The Boston Equities Exchange (BeX) hired former Citigroup managing director Thomas Richardson as its new president.
11/22/2006
Ivy Schmerken, Wall Street & Technology
Penson Worldwide agreed to acquire the clearing business of privately held Schonfeld Securities, LLC, a New York-based securities firm, which has been a pioneer in active trading.
11/22/2006
Ivy Schmerken, Wall Street & Technology
Penson Worldwide agreed to acquire the clearing business of privately held Schonfeld Securities, LLC, a New York-based securities firm, which has been a pioneer in active trading.
11/21/2006
Ivy Schmerken, Wall Street & Technology
Direct market access broker NeoNet Securities plans to offer connectivity to Asian markets next year and will expand its staff at its Jersey City, New Jersey headquarters.
The expansion of its exchange connectivity will start during the first half of next year, with the Tokyo Stock Exchange in Japan, according to Greg Treacy, dir
11/17/2006
Ivy Schmerken, Wall Street & Technology
Days after announcing partnerships with Kestrel Technologies and Townsend Analytics (TAL) to provide access into NYSE Bonds, its new electronic fixed-income trading marketplace, NYSE Group received regulatory approval to vastly expands the number of debt securities it can trade through the revamped el
11/16/2006
Ivy Schmerken, Wall Street & Technology
NYSE Group selected Kestrel Technologies and Townsend Analytics to provide market participants with access to NYSE Bonds, its redesigned electronic bond-trading platform that will trade corporate bonds issued by companies listed on the exchange.
The exchange is currently developing the all-electronic b
11/16/2006
Ivy Schmerken, Wall Street & Technology
Algorithmic trading is soon coming to Korea. The Korean financial software IT vendor Koscom has picked the Progress Apama Algorithmic Trading Platform to facilitate algorithmic trading on the Korea Exchange (KRX). In addition, Progress and Koscom have entered into a strategy partnership whereby Koscom will develop a localized version of the Apama p
11/15/2006
Ivy Schmerken, Wall Street & Technology
RBC Capital Markets' proprietary trading desk has signed up for Wombat Financial Software's market data platform to achieve low-latency market data distribution and integration.
RBC will deploy Wombat's MAMA platform above TIBCO/Rendezvous (RV) messaging software, according to the release.
11/9/2006
Ivy Schmerken, Wall Street & Technology
Eyeing the global market for institutional trading, Royalblue'sFidessa launched an execution management system (EMS) workstation for buy-side trading desks in Asia.
The EMS is a global, broker-neutral, multi-asset execution platform for buy-side trading desks in Asia, according to Wednesday's release.
11/9/2006
Ivy Schmerken, Wall Street & Technology
NYSE Group will reduce its workforce by 520 positions as part of an organizational downsizing aimed at cutting costs and improving efficiencies, it announced on Wednesday.
The staff cuts impact approximately 400 employees and 120 full-time consultants from its New York Stock Exchange (NYSE), NYSE Arca and Securiti
11/8/2006
Ivy Schmerken, Wall Street & Technology
On Monday, eSpeed said that a recent court decision over the scope of Trading Technologies International's (TT) patent infringement claims favors eSpeed and its Ecco subsidiary, and enables them to offer a variety of user interfaces to conduct futures transactions.
11/6/2006
Ivy Schmerken, Wall Street & Technology
Fidelity Capital Market Services, a unit of Fidelity Brokerage Company, has launched CrossStream, an alternative trading system (ATS) that anonymously matches brokerage clients' buy- and sell-side orders against the diverse order flow of the agency brokerage house. The new ATS will not publish bids and offers before client's orders hit the Street, according to yesterday's announcement.
11/2/2006
Ivy Schmerken, Wall Street & Technology
The American Stock Exchange (Amex) has selected Lava Trading to provide private linkage services for sending outbound orders to other market centers publishing protected quotes in compliance with the Securities and Exchange Commission's Regulation NMS.
The linkage service will be rolled out with the Amex's new Auction and Electronic Market Integration (AE
11/2/2006
Ivy Schmerken, Wall Street & Technology
Nomura Holdings, the Japanese financial services conglomerate, has agreed to acquire Instinet Inc., the global agency broker, in an all cash transaction, according to today's announcement. The purchase price was not disclosed.
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