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Ivy Schmerken
Editor at LargeIvy 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

• Educating the Buy Side: Off-The-Desk Learning
  June 18, 2013
  To learn about new products, buy-side traders can go for specialized degrees or take continuing education courses.
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• Debating "The Great Rotation": Will it Lift Trading Volumes?
  June 17, 2013
  A shift from fixed income into equities is unlikely to lift trading volumes and brokerage commissions up to previous highs, according to a Greenwich Associates report.
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• Disclosing Dark Pool Volumes, Only A Matter of Time
  June 13, 2013
  A panel of Wall Street executives warmed up to the idea of reporting dark pool volumes on a monthly basis, as they debated U.S. equity market structure.
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• SEC Fines CBOE $6M for "Systemic Breakdowns" in Oversight
  June 12, 2013
  The U.S. options exchange operator agreed to pay $6 million for failure to police short selling abuses and for interfering in the investigation of a member firm.
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• 66% of Buy Side Traders Value Execution Consultants
  June 11, 2013
  Increasingly traders are valuing more granular, quantitative real time and post-trade analysis of performance, according to a survey by Woodbine Associates.
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• Is Social Media Use Penetrating the Financial Markets?
  June 11, 2013
  A survey from OneMarketData is studying trends in social media use on Wall Street as a new form of market data.
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• Dutch Equities and Options Venue Migrates to London Data Center
  June 10, 2013
  TMX Atrium supported the migration of The Order Machine (TOM's) matching engine from Stockholm to its new facilities in London.
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• BofA Merrill Lynch, Citi and Goldman Sachs Join Markit's Credit Checking Hub
  June 07, 2013
  Several top dealers have signed up for Markit's Credit Centre, a hub solution for OTC derivatives participants to manage credit lines between FCMs and their clients and venues.
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• Tradeweb Completes Electronic Pre-Trade Credit Check on Buy-Side Swaps Trade
  June 07, 2013
  The derivatives platform demonstrated electronic pre-trade credit checking with an FCM for cleared swaps, using both ping and push protocols.
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• The Big Shift: Overhauling Corporate Bond Trading
  June 05, 2013
  With major dealers shrinking their inventories of corporate bonds, buy side institutions are seeking ways to find liquidity over alternative trading platforms that are emerging to solve the liquidity shortfall.
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• Wall Street's Obsession: SAC's Redemption Total
  June 04, 2013
  If investors pull billions from SAC Capital Advisors, sell side firms stand to lose revenues since hedge fund is a major generator of trading volumes, prime brokerage and commissions.
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• Eris Exchange Reduces Contract Size to $100k to Broaden Access to Asset Managers
  June 03, 2013
  The notional size of the Eris swap futures contracts were modified by a factor of 10 in response to user demand from buy side firms in advance of the June 10 clearing deadline.
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• James Toffey Joins GFI to Head Up Electronic Markets
  June 03, 2013
  Interdealer broker GFI hired James Toffey, the co-founder and former CEO of Tradeweb, to spearhead its plans to launch regulated trading platforms for cash, derivative financial and commodities products in the U.S. and Europe.
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• Broker Dealers to Comply with Canada's Regs on Automated Trading Risk Controls
  May 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.
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• Paul Volcker Sounds Off on Regulators and the Volcker Rule
  May 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.
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• Nomura Boosts Equity Index Trading with New Hire
  May 30, 2013
  Nomura hired Tom Jarck to strengthen its capabilities in U.S. equity index trading.
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• Key Banks, Clearing and Trading Firms to Support NLX
  May 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.
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• NasdaqOMX, LCH.Clearnet Gain Regulatory Approval to Launch NLX
  May 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.
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• Citi Launches Open and Close Algos in Major Trading Tech Upgrade
  May 29, 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.
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• Mobility Meets BYOD: Trade U.S. Equity Options on Your iPhone or iPad
  May 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.
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• Newedge Joins LCH.Clearnet's SwapClear
  May 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.
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• Nomura Hires Senior Desk Analyst for Emerging Markets Group
  May 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.
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• BofA Hires Caliendo to Manage Relationships with Hedge Funds
  May 24, 2013
  Tracy Caliendo will join BofA Merrill Lynch in September as head of hedge fund services in the Americas.
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• Czech Republic's RSJ Chooses KX Systems for Algo Trading
  May 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.
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• Bloomberg's Chat-Based FX Trading Tool Attracts Citi, As Banks Reportedly Seek Chat Alternatives
  May 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.
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