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Ivy Schmerken

Editorial Director
FlexTrade Systems
Member since
20 Jul 2015
Location
Great Neck
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Followed by John Sims, Martha Boyle and 5 others you follow
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Ivy's opinions

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Ivy Schmerken

Buy Side Backs BlockTrading Venues

Buy side firms have shown signs of impatience with U.S. equity market structure. While they are leery of radical reforms, institutions have seeded a number of trading venues lately. The topic of buy side firms investing in alternative trading system came up during a recent industry conference discussing 40 years of the National Market System. “Why ...

14 December 2015 /startups

Ivy Schmerken

Equity Market Structure: The Buy-Side View

Buy side traders debating the pros and cons of the U.S. equity market structure recently gave high marks to the computerized stock trading landscape, though it didn’t take long for concerns to surface. At a Baruch College Financial Markets Conference on November 11, four heads of buy side institutional trading desks acknowledged that the market str...

03 December 2015 /regulation

Ivy Schmerken

Swap Execution Facilities: What's Next?

The US ecosystem for swap execution facilities continues to evolve, but not as rapidly as regulators and lawmakers anticipated. Despite the shift to electronic trading, some observers question if swaps trading has reached a new equilibrium. The vision of a buy-side trader sitting in front of a screen with the ability to anonymously click on stream...

19 November 2015 /regulation

Ivy Schmerken

SEF Trading: Challenges and Regulatory Hurdles

The regulatory overhaul of the OTC derivatives market has brought mandatory clearing and electronic trading to standardized swaps, but many say the market structure is stuck, citing regulatory ambiguity and separate liquidity pools. While a significant portion of volume in interest rate and credit default swaps has shifted to new trading venues, pa...

10 November 2015 /regulation

Ivy Schmerken

MiFID II: The Buy Side Transparency Challenge

MiFID II is going to boost transparency in financial markets and improve and broaden best execution standards for the buy side, but not everyone is prepared to handle all the data. Last month, the European Securities and Markets Authority (ESMA) published the final regulatory technical standards for MiFID II/MiFIR detailing its vision for how the ...

27 October 2015 /retail

Ivy Schmerken

Simplifying Complexity: Trading Complex Order Books in Options - Part 2

Primary Challenges Traders seeking an edge in multi-leg options trades are relying on technology to navigate a complex market structure. One major challenge is that there is no linkage with regards to complex order books spread across seven US options exchange. Hence, it’s very important to scan all the exchanges to see what’s out there. In addit

21 October 2015 /regulation

Ivy Schmerken

Simplifying Complexity: Trading Complex Order Books in Options Part I

The appetite for multi-leg options strategies is on the rise. But this also means capturing liquidity that is fragmented across multiple options exchanges. Complex orders or spread trades allow traders to simultaneously buy or sell a number of different options in what otherwise would require separate orders. “The vast majority [of complex orders] ...

15 October 2015 /regulation

Ivy Schmerken

Buy Side FX Shifts in Evolving Market Structure

As electronic trading grows on the buy-side and top dealers retreat from sharing market color, exchanges are snapping up FX trading venues. In July, Deutsche Borse said it will buy foreign exchange trading platform 360T for $796 million to diversify and capture volume in the $5.3 trillion-a-day currency markets. This follows BATS Global Markets’ ...

09 September 2015 /regulation

Ivy Schmerken

Tick Pilot: The Road Forward

Trading in securities of some small cap companies will change next May when the industry is scheduled to implement the tick-size pilot widening spreads for more than 1,000 stocks. But like Y2K, Reg NMS and other regulatory projects, the technology changes are not trivial and they will impact the securities industry in terms of time and resources. ...

22 July 2015 /regulation

Ivy writes about

  • artificial intelligence
  • regulation & compliance
  • retail banking
  • devops
  • start ups
  • markets
  • covid-19

Ivy's opinion archive

  • 2020 (7)
  • 2019 (13)
  • 2018 (15)
  • 2017 (15)
  • 2016 (14)
  • 2015 (9)
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George Relish

George Relish
Editorial Director at Quidable

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