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Ivy Schmerken

Revised SEC Rule 606 Shines the Light on Order Routing Disclosures

Change is brewing in the way that sell-side order routing data is reported to institutional customers. Broker-dealers will begin collecting vast amounts of data on January 1st for compliance with the ...

10 Dec 2019
Capital Markets Technology
Ivy Schmerken

Exchange Landscape Gearing Up for Expansion in 2020

As a sign of the evolving U.S. equity trading landscape, two startups and one options exchange operator plan to launch as many as three new exchange platforms in 2020, and a fourth could be waiting in...

22 Oct 2019
Capital Markets Technology
Ivy Schmerken

AI: Natural Language Processing and the Battle for Unstructured Data

With digital transformation in full swing, trading desks are inundated with emails, voice calls and chat to process and analyze. Most of this data needs to be captured, tagged and stored for regulator...

09 Sep 2019
Capital Markets Technology
Ivy Schmerken

Algo Wheels Spinning into Futures

Algo wheels have become a popular technology in equities trading, but now there are signs that algo wheels are expanding beyond equities into multiple asset classes such as futures. In equities, the m...

23 Aug 2019
Capital Markets Technology
Ivy Schmerken

U.S. to Study Effects of MiFID II Research Unbundling

U.S. lawmakers authorized a study focusing on the provision of investment research for small issuers, a sign they are wary of the U.S. adopting the European Union’s MIFID II unbundling rules which hav...

31 Jul 2019
MiFID
Ivy Schmerken

MiFID II Research Unbundling Spreads Uncertainty to the U.S

Eighteen months after MiFID II rules to unbundle research payments from executions have been in force in Europe, U.S. asset managers are dealing with uncertainty around paying for research and how to ...

15 Jul 2019
MiFID
Ivy Schmerken

Singapore Spurs Development of FX Trading Hub & Ecosystem

With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastruct...

17 Jun 2019
Capital Markets Technology
Ivy Schmerken

Buy Side Savviness for Data Analysis Shakes Up Broker Allocations

As asset managers become more data-driven in their analysis of execution quality, they are reallocating order flows among their broker-dealer relationships at a faster pace. That finding provided the ...

05 Jun 2019
Capital Markets Technology
Ivy Schmerken

Bringing it All Together: Application Interoperability for Traders

The proliferation of software applications on financial desktops is a sign of innovation in capital markets. It’s quite common for traders and portfolio managers to rely upon multiple applications as ...

02 May 2019
Capital Markets Technology
Ivy Schmerken

Avoiding the Herd in Overcrowded Alt Data

Fundamental investment managers are mining alternative data, but some worry that the same data sets have been sold to too many people and the strategies may be overcrowded. Experts at a recent panel d...

18 Apr 2019
Hedge Fund Technology
Ivy Schmerken

Bond Algos Tap into ETF Liquidity and Efficiency Gains

Algorithmic trading has picked up steam in the corporate bond market as fixed income trading desks appear to follow the playbook of equities. But skeptics contend this is unlikely, arguing that bonds...

18 Mar 2019
Capital Markets Technology
Ivy Schmerken

Brokers Routing to their own ATSs Face Scrutiny

A FINRA working paper has raised concerns about broker order routing to affiliated alternative trading systems (ATSs), shedding light on order routing decisions and potential conflicts that can impact...

27 Feb 2019
Capital Markets Technology

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