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 October 2007
U.S. exchanges are seeking mergers overseas and looking to consolidate with U.S. regional exchanges to diversify into multiple asset classes and cut technology costs.
With exchange consolidation in full swing, there is no shortage of predictions on The Street for more activity.
NYSE Euronext plans to form a joint venture with a dozen Wall Street firms that own BIDS Trading, an alternative trading system in a move to re-aggregate block liquidity.
NYSE Euronext has partnered with two European investment banks BNP Paribas and HSBC to develop an electronic block-trading platform for large orders in Pan European stocks in a move that positions the exchange to operate a dark pool under the Markets in Financial Instruments Directive (MiFID).
One more trading floor is turning into an endangered species if the rumors in yesterday's New York Post are true.
As asset flows chase hot returns in emerging markets, global order-routing networks are increasing connectivity.
Earlier this week, Germany's Deutsche Borse and Chi-X Europe, a Pan European alternative trading system, operated by a subsidiary of Instinet, each said they received regulatory approval to offer a trade reporting service for off-exchange equity trades.
Thomson Financial announced today that nine of Wall Street's leading bond dealers are investing about $180 million to purchase a minority stake in the electronic trading platform for fixed-income securities and derivatives.
With five alternative execution systems operating right now, plus another three that are due to launch this year - Canada is undergoing a dramatic change in market structure.
Analysts are weighing in with their opinions on Nasdaqs' acquisition of the Boston Stock Exchange for about $61 million, announced earlier this week.
This morning, the Boston Stock Exchange said The Nasdaq Stock Market would acquire it in a transaction worth $61 million. The sale of the BSE quickly follows the closure of the Boston Equity Exchange (BeX), an electronic stock trading facility that suspended operations last month in a struggle to gain market share amidst strong competition.
TradingScreen, a global player in the execution management system (EMS) space, has raised over $100 million from private equity firms to restructure the ownership of the company and to cash out existing investors.