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 February 2005
Institutional broker Pulse Trading hired Pete Higgins as head of trading in its Boston headquarters.
BNY Brokerage has appointed Anthony Conroy, a seasoned buy-side trader, to serve as managing director and head trader.
Goldman Sachs has expanded the functionality of its REDIPlus direct-market-access trading platform.
After recently completing the rollout of its first Hybrid system, the Chicago Board Options Exchange (CBOE) is rolling out the second phase of its hybrid market.
Bloomberg launched a multibroker execution management system (EMS) that bundles access to brokers' algorithms with pre- and post-trade analysis, trading blotters, and benchmarks to help traders improve their performance.
On Jan. 11, executives from the nation's six options exchanges trekked to Washington, D.C., for their annual meeting with the SEC.
The demand for separately managed accounts is fueling the financial industry's interest in portfolio manufacturing technology. Wealth managers that automate and implement customized portfolios with assembly-line efficiency are bound to profit from the trend.
The growth of automated trading and data message rates is prompting Archipelago Exchange to implement Streambase, an emerging platform for real-time streaming data.
The buy side is taking more control of its trading decisions while looking for faster, lower-cost and anonymous executions. Direct market access (DMA) tools permit buy-side traders to access liquidity pools and multiple execution venues directly, without intervention from a broker's trading desk.
As part of the extreme makeover of the National Market System, the SEC's Reg NMS proposes that market centers route orders to the venue that offers the best price.
Brokers are developing pre-trade analytics in connection with their algorithms to help buy-side customers determine the best algorithms to use.
The Issue Defined: Buy-side firms are gravitating toward rules-based systems that are often supplied by brokers.
The SEC's dramatic plan for revising the market structure may require CIOs to increase bandwidth for depth-of-book data. And, Wall Street will have to modify its trading systems, as well.
EdgeTrade launched algorithmic-trading strategies for institutions that use its direct-market-access platform. As algorithms catch on, more agency-only brokers are forming specialties in quantitative trading.