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 Ivy Schmerken
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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

Reg NMS Test Set for Saturday, June 30th

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.

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Canaras Capital Protects its Data Against Botnet Threat

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,

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NYSE Euronext's Niederauer Updates Strategy at SIFMA

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

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Fidessa Launches Global Direct Liquidity Access Service

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.

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Nasdaq Updates Strategy with Crossing Networks, Options and Other Value-Added Services

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

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Q-WIXX Launch Caters to List Traders of Credit Default Swaps

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

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Nasdaq Expands Crossing Networks; NYSE MatchPoint Gears Up for July

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

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