Editorial Director @Flextrade Systems. Financial Markets/Tech Writer, Journalist. Views Are My Own And Not Those of My Employer.
Joined December 2008
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AI, SpaceX and Automation Fuel the New Wave of Active ETFs finextra.com/blogposting/323… via @Finextra
With the @NYSE planning to offer 22/5 trading in US stocks, many venues are watching the #overnight #trading space. The demand is coming from retail investors in Asia through @BlueOceanATS. Find out about @OTCMarkets launching 2 ATSs & the "SIP."
tinyurl.com/c9y9e6s5
NYSE Arca to extend weekday trading to 22 hours/5 days ago. Extended trading session would run from 1:30 am to 11:30 pm ET, pending SEC approval. marketsmedia.com/nyse-arca-e…
New SEC rules on tick sizes and access-fee caps will benefit retail investors. Experts assess the impact on brokers, exchanges and institutional traders. flextrade.com/resources/sec-…
#equitymarkets #fintech #regulations
Seeking more tailored liquidity in European equities, the buy side has forged direct relationships with market makers.
Major #ELPs/SIs are streaming prices directly to the buy-side via EMSs. Read more here: tinyurl.com/yxztmjdj
#bilateral liquidity #MiFID #marketstructure
Detailed story on quant trading pioneer, mathematician and philanthropist Jim Simons via @WSJmarkets.
“I want models that will make money while I sleep,” Simons told a friend at the time. “A pure system without humans interfering.”
tiny.cc/0wg1yz
Ivy Schmerken retweeted
Earnings Conference Call Analyzer - LLM paper
arxiv.org/pdf/2404.18470
FinX StockX
SEC Approves Bitcoin ETFs for Everyday Investors wsj.com/finance/regulation/s…
Turning to SEC equity market structure proposals…What about the fifth proposal on volume-based pricing tiers?
US broker-dealers are anticipating a decision by the SEC on its four-equity market structure proposals to revamp stock trading. A fifth proposal to ban volume-based pricing tiers could inject more complexity into the regulatory outlook. Read on: zurl.co/GkJq
#fintech
Ivy Schmerken retweeted
T+1 could be disruptive. How will non-US asset managers in Europe and Asia adjust to confirm, allocate and affirm trades? And how will it effect buy-side firms executing an FX transaction, which settles in T+2? Find out how the buy side is preparing: zurl.co/X1GH
Ivy Schmerken retweeted
The release of ChatGPT, and its viral success in responding to human prompts in natural language, has pushed asset managers and trading firms to embrace the technology rather than risk falling behind. Now firms are racing to produce results: zurl.co/P6Dl
#fintech
This interesting. Robinhood is getting into the retirement business but is not charging investors a fee based on percentage of retirement assets. Instead, it will monetize retirement accounts the same way as its regular accounts: via trading revenues.
Robinhood is getting into the retirement business. on.wsj.com/43qH692
Ivy Schmerken retweeted
To all my Twitter friends, I've accepted the role of CEO of the Long Term Stock Exchange. I couldn't be more excited to be part of a marketplace with different values, supporting and highlighting our nation's great sustainable companies. ltse.com
Ivy Schmerken retweeted
Glue42 and Finsemble Merge to Form Interop Powerhouse interop.io/?utm_source=twitt…
a-teaminsight.com/blog/glue4…
#desktopinteroperability #automatedworkflows #capitalmarkets @glue42
Wealthfront launches a robo adviser for one of the most boring and in-demand asset classes wsj.com/articles/buying-bond…
Ivy Schmerken retweeted
The comment period has ended on the SEC's plans to revamp equity market structure, with many urging the regulator to take an incremental approach to implement the transparency proposal and drop the controversial auction proposal. But uncertainty remains: zurl.co/KoEc
Ivy Schmerken retweeted
Franklin Templeton @FTI_US to acquire @PutnamToday for $925m
By Alex Steger Citywire
Franklin Templeton is to acquire $136bn asset manager Putnam Investments for $925 Mn.
citywire.com/pro-buyer/news/…
Robinhood plans to offer 24-hour trading of selected stocks and exchange-traded funds, five days a week wsj.com/articles/robinhood-t…
Wall Street has long used automated algorithms to place trades. But investors haven’t made much progress relying on AI to tackle their biggest challenge: beating the market. wsj.com/articles/ai-can-writ…