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.

Broker Dealers to Comply with Canada's Regs on Automated Trading Risk Controls

5/31/2013
Succession Systems said that Newedge deployed its software to check orders in real time before they are submitted to exchanges in Canada and the U.S.

Paul Volcker Sounds Off on Regulators and the Volcker Rule

5/31/2013
The former Federal Reserve Chairman said that six regulatory bodies in the U.S. was too many, which he blamed for the stalemate in implementing Dodd Frank.

Nomura Boosts Equity Index Trading with New Hire

5/30/2013
Nomura hired Tom Jarck to strengthen its capabilities in U.S. equity index trading.

Key Banks, Clearing and Trading Firms to Support NLX

5/30/2013
The likes of BNP Paribas, Newedge, DRW Trading and Getco Europe said they plan to contribute liquidity and open interest to Nasdaq OMX's NLX platform to create a competitive market for short and long-term interest rate derivatives.

NasdaqOMX, LCH.Clearnet Gain Regulatory Approval to Launch NLX

5/29/2013
NLX will offer a range of both short- and long-term interest rate euro- and sterling-based listed derivative products with clearing on LCH.Clearnet.

Citi Launches Open and Close Algos in Major Trading Tech Upgrade

5/28/2013
Citi introduces new functionality that helps buy side clients participate in the key minutes around the opening and closing market auctions as well a redesigned order ticket and smart order router.

Mobility Meets BYOD: Trade U.S. Equity Options on Your iPhone or iPad

5/28/2013
Eyeing U.S. options traders who need speed, startup iVerit is offering real-time mobile data and professional analytics to consumers of Apple mobile devices.

Newedge Joins LCH.Clearnet's SwapClear

5/28/2013
The multi-asset brokerage and clearing firms said Newedge US and Newedge UK will utilize SwapClear, the major clearing service for interest-rate swaps.

Nomura Hires Senior Desk Analyst for Emerging Markets Group

5/28/2013
Javier Kulesz will provide Nomura’s trading desk and institutional investors with his expert view on the macroeconomic forces affecting Argentina and Venezuela.

BofA Hires Caliendo to Manage Relationships with Hedge Funds

5/24/2013
Tracy Caliendo will join BofA Merrill Lynch in September as head of hedge fund services in the Americas.

Czech Republic's RSJ Chooses KX Systems for Algo Trading

5/24/2013
A big derivatives trader on NYSE Liffe and other derivatives markets, RSJ is using KX's high-performance database and language to collect and query vast quantities of data and to test models and strategies.

Bloomberg's Chat-Based FX Trading Tool Attracts Citi, As Banks Reportedly Seek Chat Alternatives

5/23/2013
Bloomberg announced IB Dealing, a new chat-based FX trading tool for subscribers with Citigroup as a client, amid reports that Citi and other Wall Street banks are building their own alternative chat platforms.

ConvergEx Reduces Latency of Millennium ATS By 75%

5/22/2013
Sell-side firm revamped the infrastructure behind Millennium ATS to support the needs of low-latency and immediate or cancel (IOC) customers.

Buy Side Gives Mixed Reviews to Sales Traders, Casting Doubt on Value Added Analytics

5/22/2013
A new report by Woodbine Associates based on surveying 41 buy side traders on broker coverage, revealed that buy side firms are not completely satisfied with sales traders and that brokers may be wasting resources on analytics and other services.

Barclays Commits to Reporting Volumes of Dark Pool

5/20/2013
The investment bank confirms its plan to continue reporting volumes in its dark pool LX, on a monthly basis, following the decision by the No. 1 dark pool operator Credit Suisse to go dark.

Market Structure Drives the Buy Side to Seek New OMS/EMS Systems —Study

5/20/2013
Buy side firms need sophisticated tools to navigate the market structure as well as analytics and connectivity to alternative trading venues, but cost pressures are an obstacle to upgrading their OMS/EMS platforms, according to Greenwich Associates' study.

Bloomberg Taps Former IBM CEO As Privacy and Data Advisor

5/17/2013
Bloomberg announced that it hired Samuel Palmisano to serve as an independent adviser. Hogan Lovells, of Promontory Financial Group, and Clark Hoyt, of Bloomberg News, were also hired.

Regulators Compromise on Swaps RFQ Rule, So Are the Banks Winning?

5/17/2013
CFTC commissioners compromised on key rules that now require asset managers to contact two banks for prices on derivatives, rather than five, which was opposed by banks and lobbyists.

Is it Time to Tweak, Keep or Scrap Reg NMS?

5/16/2013
The emphasis on speed, order protection, and technology that Regulation NMS brought to U.S. equities is analyzed in an indepth report by Tabb Group, which says it's time to debate the rule's effectiveness.

Bloomberg Snooping Scandal Prompts Reaction from Goldman

5/15/2013
Wall Street firms like Goldman Sachs could look to reduce their reliance on the dominant data and analytics terminal in response to the firms' reporters being allowed to spy on customer data.

Arialytics Unveils Predictive Analytics Platform

5/15/2013
Aimed at asset managers and hedge funds, the platform enables investors to test their investment ideas without getting bogged down in data sets and modeling.

Asset Managers and Hedge Funds Face Swaps Clearing Deadline

5/14/2013
Buy side firms preparing for mandatory swaps clearing need to finalize selections of CCP and FCMs as well as onboard clients and test systems by June 10 deadline, according to Woodbine Associates' whitepaper.

Welcome to the New Quants: Data Scientists

5/13/2013
There's a lot of buzz around the role of the data scientist, which is wrapped up with Big Data and developing new approaches for analysis of financial markets.

EBS Direct is Live with 4 Liquidity Providers

5/13/2013
Commerzbank, Goldman Sachs, J.P. Morgan and Morgan Stanley have completed trades on EBS DIrect, a new relationship-based disclosed liquidity service with streaming prices tailored to consumers.

New Regulations Rank as Top Risk — DTCC Survey

5/10/2013
82 percent of financial firms responding to a DTCC survey ranked new regulations and the time and resources required to implement new regulations as a top 10 risk facing the industry.

Europe's MTS to Launch an E-Bond Platform for U.S. Institutions as Interest Heats Up

5/10/2013
The European electronic fixed income marketplace will allow the buy side to directly access prices and execute European and U.S. government, agency, mortgage, and corporate bonds with major dealers.

DataArt Launches Free Form PF Software for Hedge Funds

5/9/2013
As an alternative to licensing expensive software, DataArt is offering free Form PF software that simplifies the implementation of automated filings for hedge funds/investment advisers.

BATS Chi-Ex Europe Wins Recognized Investment Exchange Status in U.K.

5/9/2013
The change in status will allow the pan-European MTF to compete directly with stock exchanges across Europe including the LSE and Deutsche Borse.

60 Percent of Derivatives Users Unprepared for Dodd Frank and EMIR —Study

5/8/2013
The vast majority of corporate end users of derivatives are underprepared for compliance with both rule sets due to regulatory uncertainty, over cross-border swaps, according to a survey by Chatham Financial.

OCC Names BNY Mellon's Messinger to Board of Directors & 2 More

5/8/2013
The equity derivatives clearing organization named three new members to its board of directors, including Craig Messenger who is head of trading and trading risk at BNY Mellon.

Susquehanna Renews with SunGard for Compliance

5/7/2013
Institutional broker dealer Susquehanna Financial Group extended its relationship with SunGard's Protegent as the firm’s platform for trading compliance of its institutional equities trading business.

Thomson Reuters to Launch China Interbank FX Rates via Eikon

5/7/2013
Eikon will offer integrated real-time FX data from the China Foreign Exchange Trade System (CFETS), the official interbank trading and FX division of China’s central bank.

3rd Birthday of Flash Crash: Is the Stock Market Safer?

5/6/2013
Three years later since that catastrophic event, exchanges have eliminated stub quotes and implemented safe guards such as limit-up/limit down. But there's inertia on many other issues.

Taiwanese Bank Extends License with Fenics for FX Options System

5/6/2013
Already a customer for 10 years, E.Sun Commercial Bank will extend its license of Fenics Professional in foreign exchange options to streamline procedures and gain functions such as volatility surface management.

Countering HFT Exclusives, CME-Nasdaq Launch Microwave Connectivity for Market Data

5/3/2013
Citing customer demand, CME and Nasdaq are linking their Carteret and Aurora data centers to transmit market data over a microwave network in under 4.25 milliseconds, which is faster than fiber.

DTCC Sues CFTC Over Swap Data Repository Rules

5/3/2013
The industry-owned utility is asking a federal court to overturn the CFTC's approval of rules allowing CME and ICE to run SDRs.

Markit Launches CLO Pricing Service

5/2/2013
The service uses observable market data and models to offer a transparent approach to CLO pricing.

HFT Debate: Two Experts Square Off On Market Structure

5/1/2013
Professor Bernard Donefer of Baruch College and Sal Arnuk, Partner at Themis Trading went head-to-head on regulation, technology and politics surrounding the controversial practice of HFT.