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 June 2007
6/27/2007
An industry-wide test will be conducted for Regulation NMS on Saturday, June 30. Brokers that participate can test their Reg NMS compliant trading systems with all the automated trading centers. When the Pilot Stocks Phase starts on July 9th all the broker dealers will have to be in compliance with Reg NMS for 249 stocks.
6/27/2007
It's no accident that Citigroup (Citi) is close to acquiring Automated Trading Desk, a computerized market-making firm for $700 million, as reported by the Wall Street Journal Online yesterday and Reuters this morning. Both financial services companies have connections to the private equity world where relationships are cultivated and exit strategies are born.
In January of this year, ATD rece
6/26/2007
If you work for an alternative asset management firm, so much rides on protecting intellectual property, customer data and the reputation of your firm. That is the message from Raffi Jamgotchian, chief information officer at Canaras Capital LLC, an alternative asset manager specializing in credit markets that was founded in 2006.
With botnets and other dangerous forms of crimeware anonymously launching distributed attacks on companies,
6/21/2007
Morgan Stanley won first place among a dozen bulge bracket brokers ranked for providing electronic trading services to buy-side clients, according to the Financial Insights 2007 Electronic Trading Services Ranking which was released at the SIFMA Conference today.
Brokers were evaluated in five categories: direct market access (DMA), algorithmic trading, transaction cost analysi
6/21/2007
At yesterday's SIFMA conference, Duncan Niederauer, President and Co Chief Operating Officer NYSE Euronext, began his talk with the idea that exchanges are technology companies that rely on the business side and IT working in synch. He even invited attendees to leave a business card on the way out, noting that he's "looking to hire technology talent." Niederauer who joined NYSE Euronext only eight we
6/20/2007
With brokers sponsoring low-touch trading for their correspondents and buy-side clients, Fidessa (Booth # 3400) announced the U.S. launch of a global direct liquidity access (DLA) service at the SIFMA show. Fidessa Global DLA offers enhanced risk management and client monitoring capabilities.
The DLA offering will offer direct-market access across all exchanges and all markets worldwide, according to Martin Hakker, EVP Marketing at Fidessa.
6/19/2007
With liquidity in U.S. stocks spread across so many electronic trading venues, several vendors are showing products that aggregate the feeds across liquidity pools.
6/18/2007
Sell-side investment ideas in First Coverage's system for Q4 2006 through Q1 2007 outperformed their relative benchmark for the past two quarters by 300 basis points, or 3 percent.
6/18/2007
Client orders sent via NYFIX Millennium's Millennium PLUS automatically generate a liquidity alert to several passive liquidity responders.
6/14/2007
While continuing to increase its market share in U.S. equities, The Nasdaq Stock Market is focused on adding valued-added products to its INET matching engine, according to a press briefing held today.
After the purchasing the INET matching engine for $900 million from Instinet in December of 2005, and merging the BRUT ECN and Nasdaq's own SuperMontage matching engine into INET, the U.S.-based
6/14/2007
Pivot Solutions' Pivot 360° pulls together research, analysis and trade entry through an automated workflow.
6/13/2007
With hedge funds and proprietary trading firms doing more algorithmic trading, media companies are turning their news feeds into machine-readable formats to feed into electronic trading platforms.
This week Dow Jones & Company announced a global agreement with Progress Apama to supply the Dow Jones Elementized News Feed into the Progress Apama Algorithmic Trading Platform.
6/13/2007
Revamped Gissing ConteX 4.0 architecture results in higher performance rates and lower latency for contributing market data and executable prices.
6/13/2007
Rather than force asset managers to make a choice, technology providers are pitching integrated global order management systems/execution management systems solutions.
6/12/2007
With investment managers and hedge funds trading long lists of single-name credit default swaps (CDSs), last week's launch of Q-WIXX, an electronic platform, is gaining traction among the dealers and bringing more efficiency to the auction process.
Q-WIXX is set up to help dealers, correlation desks, prop desks, hedge funds and other buy-side market participants execute transactions known as Offers Wanted in Competition (OWICs) or Bids Wanted in
6/12/2007
Brokers, exchanges and other vendors are relying on Order Execution Services and Lava Trading for their Reg NMS compliant order routing. But does this pose a risk?
6/12/2007
6/12/2007
6/12/2007
High growth in electronic bond trading by retail investors attracted private equity firm Advent International to acquire the majority of BondDesk Group.
6/6/2007
The battle of exchange crossing networks seems to be heating up with the Nasdaq Stock Market firing the open shot. On Monday, the Nasdaq Stock Market rolled out the Nasdaq Intra-day cross and Post-Close cross to all eligible securities - spanning NYSE, Amex or regional listed securities as well as Nasdaq-listed stocks. "We'll be matching large blocks of liquidity anonymously at the national best bid or offer," says Nasdaq SVP Brian Hyndman in an
6/5/2007
George Rodriguez has joined Investment Technology Group (ITG) in New York as director of global algorithmic sales. Rodriguez will be working in ITG's algorithmic sales group with a focus on selling the firm's suite of international algorithms to it's U.S. customer base, according to Tony Huck, managing director of ITG.
Rodriguez left a senior position at TradeTrek Securities, an instituti
6/5/2007
Asset management firms trading in Asia are looking for execution management systems to automate their access to local exchanges and liquidity sources.
6/5/2007
Electronic trading is growing in Asia but different markets place restrictions on buy-side investors.
6/5/2007
Interactive Brokers wraps up its second-annual Collegiate Trading Olympiad.