Ivy Schmerken

Editorial Director @Flextrade Systems. Financial Markets/Tech Writer, Journalist. Views Are My Own And Not Those of My Employer.

[Ivy Schmerken @ischmerken]

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."

https://t.co/OdYFxczWnM

[Ivy Schmerken @ischmerken]

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. https://t.co/qOh11zzqRt

[Ivy Schmerken @ischmerken]

New SEC rules on tick sizes and access-fee caps will benefit retail investors. Experts assess the impact on brokers, exchanges and institutional traders. https://t.co/BoqqznLKbk
#equitymarkets #fintech #regulations

[Ivy Schmerken @ischmerken]

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: https://t.co/rUJGrTnIXF

#bilateral liquidity #MiFID #marketstructure

[Ivy Schmerken @ischmerken]

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.”
https://t.co/VKFXbg45NL

[Carl Carrie (@🏠) @carlcarrie]

Earnings Conference Call Analyzer - LLM paper

https://t.co/0gJwfZk9Up

FinX StockX

[Ivy Schmerken @ischmerken]

SEC Approves Bitcoin ETFs for Everyday Investors https://t.co/AjeqpAQdje

[Ivy Schmerken @ischmerken]

Turning to SEC equity market structure proposals…What about the fifth proposal on volume-based pricing tiers?

[FlexTrade Systems @FlexTrade]

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: https://t.co/fX06KYbMyw

#fintech

[FlexTrade Systems @FlexTrade]

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: https://t.co/GzHoKL3qtH

[FlexTrade Systems @FlexTrade]

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: https://t.co/zZTmD0Gb3a

#fintech

[Ivy Schmerken @ischmerken]

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.

[WSJ Markets @WSJmarkets]

Robinhood is getting into the retirement business. https://t.co/6HN7JIPHBF

[Bill Harts @AlgoTrdr]

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. https://t.co/f1e0zastEI

[TradingTech Insight @TradingTechIns]

Glue42 and Finsemble Merge to Form Interop Powerhouse https://t.co/BbpWhl0i5j

https://t.co/2RsLaJ5oqo

#desktopinteroperability #automatedworkflows #capitalmarkets @glue42

[Ivy Schmerken @ischmerken]

Wealthfront launches a robo adviser for one of the most boring and in-demand asset classes https://t.co/ZjAGAaTSGo

[FlexTrade Systems @FlexTrade]

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: https://t.co/Swrk3LDYr9

[Deborah Fuhr, ETFGI @deborahfuhr]

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.

https://t.co/UCfYkifmN6

[TabbFORUM @TabbFORUM]

Overnight Trading Gains Traction https://t.co/kn5s28OYEW

[Ivy Schmerken @ischmerken]

Robinhood plans to offer 24-hour trading of selected stocks and exchange-traded funds, five days a week https://t.co/2oCWGlepFQ

[Ivy Schmerken @ischmerken]

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. https://t.co/j4iuIWCFIO

[Ivy Schmerken @ischmerken]

With new #CPI data released this morning, this underscores the importance of hedge funds and asset managers obtaining a broad view of #macro and other diverse data sets. Then it's about bringing the data sets into their workflows.
#macro-data #hedgefunds #tradingstrategy

[TabbFORUM @TabbFORUM]

Macro-Data Drives Hedge Fund Strategies https://t.co/Rr9edSi0rb