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 October 2006
10/25/2006
Ivy Schmerken, Wall Street & Technology
Lek Securities is taking the National Association of Securities Dealers (NASD) to court to counter charges that the broker-dealer did not submit trade information required for compliance with the Order Audit Trail System (OATS). The trial was scheduled to begin today.
Lek is challenging the NASD charges on the basis that OATS is illegal and improperl
10/25/2006
Interactive Brokers, the online broker located in Greenwich, Conn., began offering penny pricing in options today. IB cut the minimum price difference for U.S. listed options from a nickel to a penny.
The broker is jumping the gun ahead of the rest of the U.S. options industry, but not for long. The Securities and Exchange Commission (SEC) mandated a penny pilot program beginning on Jan.
10/25/2006
Ivy Schmerken, Wall Street & Technology
Instinet and Credit Suisse's Advanced Execution Services (AES) unit have agreed to provide their clients with access to each other's dark liquidity pools, according to today's announcement. The partnership between the two brokers involves Credit Suisse's CrossFinder and Instinet's CBX and is intended to increase institutions' chances of executing
10/23/2006
Worried about the performance of their order management systems, buy-side traders are investigating execution management systems to gain an edge in faster equity markets.
10/23/2006
Ivy Schmerken, Wall Street & Technology
Aleri Labs., a provider of event stream processing technology for the financial services industry, claims it has broken the sub-millisecond latency barrier for event stream data processing.
The new performance standard is available through Aleri Streaming Platform, a high-performance application development platform that financial firms can use to analyze market data, process trades, monitor compliance
10/20/2006
10/20/2006
A consortium of investment banks is building a trade data reporting and market data publishing platform to take advantage of MiFID.
10/19/2006
Ivy Schmerken, Wall Street & Technology
New York City Mayor Michael Bloomberg has been approached by potential buyers of Bloomberg L.P., the multibillion-dollar financial information, market data, analytics and media company he created, but he has decided not to sell the company at this time, according to a release.
10/18/2006
Ivy Schmerken, Wall Street & Technology
The Chicago Exchange Mercantile and Chicago Board of Trade have signed a definitive agreement to merge the two exchanges, creating a powerhouse in global derivatives trading that rivals the size of its nearest competitors.
Chicago Mercantile Exchange Holdings plans to purchase CBOT Holdings Inc., operator of its cross-town rival, the Chicago Board of Trade, fo
10/17/2006
Ivy Schmerken, Wall Street & Technology
NYSE Group has entered into discussions with the NASD to create a trade reporting facility (TRF), serving customers reporting off-exchange trades in all listed NMS (National Market System) stocks.
10/17/2006
Ivy Schmerken, Wall Street & Technology
BATS Trading, operator of BATS (Better Alternative Trading System) ECN, warned participants that receive the BATS PITCH market data that it expects message activity levels to increase - partly due to systems changes related to Reg NMS - and customers may want to increase their bandwidth.
10/11/2006
Ivy Schmerken, Wall Street & Technology
Gearing up for the evolving equity market structure, The Boston Equities Exchange (BeX) - an electronic stock market owned by the Boston Stock Exchange and five securities firms - announced that C. Thomas Richardson was named its new president, assuming the role as of Nov.6
Richardson joins BeX, a joint venture, electronic equity exchange o
10/11/2006
Ivy Schmerken, Wall Street & Technology
In a move to offer FX trading on its multi-asset, global trading platform, TradingScreen has hired Jonathan Cooper, former head of FX sales and liquidity at Bloomberg. Cooper is now global head of FX Sales at TradingScreen, which also launched secondary FX trading functionality.
10/11/2006
Ivy Schmerken, Wall Street and Technology
NYSE Group announced that Mike Cormack, who joined NYSE Group following the acquisition of Archipelago in January of this year, is stepping down from his current position and will become a senior consultant to the company in early 2007.
10/10/2006
Ivy Schmerken, Wall Street & Technology
In the fast and furious race to roll out innovative algorithms, Instinet, the global agency broker, launched Wizard, a new twist on the arrival price algorithm.
The system was configured to create a trading schedule for each stock in a portfolio by factoring in the historical volatility of stock and options prices. Arrival price - the price at the time an order arrives in the market - becomes t
10/4/2006
Ivy Schmerken, Wall Street & Technology
U.S. hedge fund HG Trading has implemented the Progress Apama Algorithmic Trading Platform for equity trading from Progress Software Corp. The boutique trading firm located in Heartland, Wisc., which specializes in high-velocity, low-risk strategies, plans to extend its uses into other asset classes, including futures and options, according to the release.
10/4/2006
Ivy Schmerken, Wall Street & Technology
NYFIX signed an agreement with Paladyne Systems LLC. to provide FISX connectivity to the hedge fund industry through its "Powered by NYFIX" hosted solutions platform. Paladyne provides a hosted front-to-back-office technology suite to the hedge fund industry.
10/3/2006
By Ivy Schmerken, Wall Street & Technology
On Saturday, the New York Stock Exchange (NYSE) conducted a market-wide training exercise involving floor brokers, specialists and other market participants to prepare for the Phase II launch of the NYSE Hybrid Market.
On Oct. 6, Phase III full Hybrid Market trading will begin with two NYSE-listed securities, followed by a gradual roll out of all NYSE-listed securities through December 2006, the
10/3/2006
By Ivy Schmerken, Wall Street & Technology
CME will begin offering collocation services for customers' firms that execute electronic trades on CME Globex in the fourth quarter of 2006.
For the first time, CME will offer customers the opportunity to connect their collocated trading servers to the CME over high-speed fiber optic connections. These redundant server connections are expected to decrease network latency times for order entry to