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Author
 Ivy Schmerken
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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 March 2007

Test Finds Infrastructure Eliminates Latency Spikes

3/28/2007
With market data message rates skyrocketing, Wall Street firms are worried about data latency affecting the behavior of their algorithms. One cool technology that is getting some attention comes from the networking side where market data platforms have traditionally used Ethernet. On March 20, Securities Technology Analysis Center (STAC) published a report examining the performance of the latest software from Wombat Financial Software running

February Market Decline Serves As Wake Up Call

3/28/2007
During the brutal market decline of Feb. 27 and the volatility that continued for the next four trading days, hedge funds relied on technology from their brokers, exchanges and service providers to execute orders. To what extent was their trading interrupted and how well did their service providers do? "I think it was a wake up call for everybody, not only for the hedge funds, but for service providers," says Steven Harrison, president and COO at

The Buy Side Should Get Equal Access to Low-Latency Executions

3/21/2007
There is so much focus on low-latency these days, but this has not been so much of a concern for the buy side. This is understandable because most buy-side firms use algorithms hosted by the sell-side, and most of the so-called low latency services coming out are targeted at broker dealers and hedge funds. But perhaps the buy-side should pay attention to make sure there is a level playing field. Buy-side firms that are executing trades through broker-sponsored algorithmic trading strategies sh

BNY ConvergEx Turns on Block Crossing Network

3/7/2007
In a sign that dark pools of liquidity are continuing to proliferate, on Tuesday BNY ConvergEx Group LLC launched ConvergEx Cross, a new block crossing service that matches orders and is open to buy- and sell-side firms. The proprietary crossing network combines the natural liquidity of the BNY agency brokerage business with the technology of Eze Castle, the buy-side order management

Pipeline ATS Shuts Off Access to Broker Algorithms

3/6/2007
Pipeline Trading Systems LLC is cutting off access to third-party broker algorithms that are sending orders into the electronic block trading system it operates, according to an e-mail sent to clients this morning. The change in policy is effective next weekend, says the e-mail, which was sent to both buy- and sell-side clients. In an interview on Monday with Wall Street & Technology, Fred Federspiel, president of Pipeline, says t

BATS Trading Mulls Over European Expansion

3/1/2007
BATS Trading, the Kansas City-based ECN, is contemplating an expansion into the European equities market, said Dave Cummings, CEO of BATS Trading, in Monday's e-mail to his subscribers. After lying on a beach in Mexico last week reading "The World is Flat" by Thomas Friedman, Cummings was inspired by the book to think about globalization effects and the worldwide free flow of information via the Internet. So he decided to ask his readers -

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