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
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
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
3/23/2007
Instinet is developing BlockMatch - an Alternative Trading System for European equities that is aimed at institutions.
3/23/2007
The Securities and Exchange Commission moved ahead with launching Regulation NMS even though the market decline put stress on the equities market.
3/22/2007
Europe's MiFID regulation is giving rise to alternative trading systems (ATSs) to challenge the traditional exchanges and help the buy-side achieve best execution.
3/22/2007
Interactive Brokers Conducted its second annual Olympiad Trading Program to find technology savvy college students who can create a computerized trading program.
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
3/21/2007
William (Bill) Cline has left Accenture, the global consulting firm, to found Acai Solutions, a deep-domain capital markets consultancy located in New York.
3/21/2007
Morgan Stanley Investment Management tapped Robert Shapiro, formerly of Abel Noser, to work on trading and execution analysis and MSIM's global trading infrastructure.
3/21/2007
To take advantage of the new European trading landscape resulting from the implementation of MiFID, ITG developed POSIT Now, a continuous intraday crossing system for equities that covers 9,000 stocks in 15 countries.
3/20/2007
On the heels of breaking off an agreement last November to merge with Chicago-based market data vendor HyperFeed Technologies, Exegy Inc., a St. Louis-based technology provider is launching a new ticker-plant service initially to 21 Wall Street customers. But when Wall Street firms consider Exegy's new ticker plant, should they care that Exegy jilted HyperFeed at the altar? And should they be co
3/19/2007
Microsoft's Excel 2007 offers capital market firms the ability to run Excel Services on a server, providing faster performance and stronger governance.
3/14/2007
Brokers are upgrading their technology in response to Regulation NMS, which requires more-complex order routing technology, faster execution speeds and bulging storage capacity, according a The TABB Group research note, "Reg NMS: Launching The Next Arms Race," released today.
As an example of the arms race, on Monday Rosenblat
3/14/2007
As the battle between U.S. stock exchanges heats up, this week the Nasdaq Stock Market said that a company could retain its stock symbol if it moved over to Nasdaq from another exchange trading venue.
On Monday, Nasdaq announced that Delta Financial Corp.Corp. (DFC) will keep its three character ticker symbol "DFC" when it moves to Nasdaq from the
3/9/2007
Julio Gomez has joined the independent research and advisory firm Financial Insights as VP of Capital Markets, Risk Management and Financial Markets Investor Research, according to today's announcement. Gomez will takeover the role of global head of capital markets and risk management research with responsibility for Europe and Asia Pacific as well as North America.
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
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
3/2/2007
The New York Stock Exchange (NYSE) asked the Securities and Exchange Commission (SEC) for relief from the trade-through rule because it cannot route orders to certain alternative trading systems and the International Stock Exchange that display their quotes on the NASD Alternative Display Facility. The NYS
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 -
Tweet This