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 November 2007
Pragma Financial Systems LLC and partner Weeden & Co LP plan to launch a liquidity management system in January that will allocate orders among over 30 dark pools.
"We're seeing retail traders now come in building their own models and who are involved in high-frequency trading," says Thomas Plaut, CEO of online foreign exchange broker FX Solutions.
Models developed by quantitative hedge funds didn't work during the credit crisis. Are the quants to blame for the market turmoil?
New alternative marketplaces that are gearing up to compete with traditional exchanges are staying clear of the exchange-aligned technology solution providers.
As trading becomes more mathematical and firms look to revamp their risk management systems, the demand for quantitative skill sets is never ending.
Everyone's talking about the wave of global exchange consolidation, but what about the exchanges that end up running on a competitor's technology platform?
Given the credit market turmoil, it's not surprising that risk management was a major theme at the SIFMA Fixed Income Technology and e-Trading Conference last Thursday in New York.
John Thain is reportedly leaving the top position at NYSE Euronext to assume the CEO mantle at brokerage house Merrill Lynch & Co., which is reeling from its write-downs in the sub-prime mortgage mess. Larry Tabb, founder and CEO of TABBGroup, says," It's surprising from the standpoint that he's already run a brokerage business and the question is why would he want to do that again," poses Tabb.
A group of investment banks has decided to stop developing their own electronic trading platforms for 144A securities and instead share the single platform launched by the Nasdaq Stock Market.
BATS Trading, the alternative equity marketplace, moved to become a fully licensed securities exchange, filing an application with the U.S. Securities and Exchange Commission yesterday.
The swift ouster and resignation of two powerful Wall Street CEOs within a week of one another shows there is a serious management void in the executive suite of financial institutions that went whole hog into derivatives tied to sub-prime mortgages.
With the wave of exchange consolidation sweeping the globe, U.S. regional markets could be next.