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 September 2006
9/28/2006
Ivy Schmerken, Wall Street & Technology
I was surprised to learn that the sell-side community is funding yet another round of ATSs after investing in regional exchanges and turning their own internalization engines into SEC-registered crossing networks.
In case you haven't heard, this week Wall Street firms unveiled plans to launch two different electronic matching initiatives - begging the question, do we need another ATS?
9/28/2006
Ivy Schmerken, Wall Street & Technology
CME is revamping the future exchange's market data packages. Starting on Jan. 1, 2007, all distribution of CME market data will be repackaged to include market-depth-data, according to the exchange's release.
9/28/2006
Ivy Schmerken, Wall Street & Technology
Bank of America launched a pilot of its first foreign exchange (FX) algorithmic trading strategy, and also expanded liquidity access to third party platforms. Clients can access liquidity through multi-bank platforms such as TradingScreen, FXall,
9/26/2006
Mention Regulation NMS and order management system (OMS) in the same breath, and technology suppliers will seize the opportunity to explain that firms on the buy and sell sides need new functionality to compete in a more-automated trading environment.
9/26/2006
Citigroup joins other sell-side firms in introducing algorithms to hunt for hidden liquidity in a fragmented market.
9/26/2006
With so many electronic trading venues emerging under Reg NMS, monitoring market structure is turning into a full-time job.
9/20/2006
Pipeline Trading Systems LLC, operator of the Pipeline block electronic trading marketplace, announced that Michael Hayes, formerly with buy-side order management systems provider Charles River Development in Boston, joined the company as VP and executive director of client services.
9/20/2006
By Ivy Schmerken, Wall Street & Technology
Lava Trading is offering derivatives trading to its buy-side customers through its multi-broker LavaX platform.
9/20/2006
By Ivy Schmerken
Lehman Brothers has acquired a minority stake in BATS Trading, operator of the Kansas City-headquartered BATS ECN, the investment bank announced on Tuesday. Financials of the transaction were not disclosed.
9/20/2006
By Ivy Schmerken, Wall Street & Technology
Finally finding a successor to its visionary founder and tireless leader Raymond Killian, Investment Technology Group named Robert (Bob) Gasser, former CEO of NYFIX Inc., as its new president and CEO, starting Oct. 4.
In a conference call with analysts and media on Monday, Killian, 69, said he would remain in his role as chairman of the board and devote
9/19/2006
By Ivy Schmerken, Wall Street & Technology
Looking at fast growth in less developed markets, NYSE Group has acquired an equity stake in Marco Polo Network Inc.(MPN), an electronic platform providing connectivity and order routing to equities and derivatives listed on emerging market exchanges. Details of the transaction were not disclosed.
9/7/2006
By Ivy Schmerken, Wall Street & Technology
Countering the prevailing view that sell-side order management systems (OMSs) are entrenched in so many applications that they are impossible to remove, Thomas Weisel Partners Group switched over to Fidessa as its equity-trading platform, replacing Brass as its OMS.