ivy Schmerken
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FlexTrade — Celebrating 20 Years of Leading the Way in FinTech!
On the milestone of FlexTrade’s 20th anniversary, President and CEO Vijay Kedia offers his unique perspective on the past, present and future of the company and electronic trading technology in general.
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MiFID II: Brexit, Pain Points and Other Hurdles
The UK’s Brexit vote to leave the European Union sent a shock through financial markets, but will it throw Britain’s compliance with MiFID II into a tailspin? FlexTrade’s Ivy Schmerken investigates.
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Raising the Curtain on Treasuries
U.S. regulators are pushing for more transparency into the $13 trillion US Treasury market after several regulatory agencies found that the government securities market is more opaque than they realized. FlexTrade’s Ivy Schmerken examines.
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Will the Buy-Side Become Fixed Income Liquidity Providers?
Due to liquidity constraints, are buy-side fixed income traders prepared to play a more active role as price- makers on electronic trading platforms? FlexTrade’s Ivy Schmerken investigates.
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TCA Trends: Venue Analysis Tops Buy-Side Priorities
It’s no secret that institutional traders are utilizing transaction cost analysis (TCA) for equities trading as a tool for measuring execution quality and reducing slippage against trading benchmarks. But now that TCA has matured in equities, the question is where is TCA moving next?
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A Tale of Two Pilots: Maker-Taker and the Tick Pilot
Senators conducting a hearing on U.S. equity market structure earlier this month vented their frustrations at the slow pace of regulatory change in equity market structure reforms. At the March 3 hearing, lawmakers repeatedly cited delays in developing the consolidated audit trail, or CAT system, for market-wide surveillance, questioning to what extent progress has been made.
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TCA: Bridging the Gap Between Equities and FX
Transaction cost analysis has been the Holy Grail of best execution in equities trading, but the evolution of TCA in foreign exchange trading must consider the OTC nature of currency markets.
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A Hard Look at Last Look in Foreign Exchange
The debate over ‘last look’ in foreign exchange trading has resurfaced in 2016 as regulators continue to eye the practice and investors worry about slippage and potential market abuse. Regulators are said to be scrutinizing FX dealing platforms that contain last look, a controversial practice that enables market makers to delay or reject trades from customers after they’ve agreed to a quoted price.
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Best Execution FX: A Shifting Landscape
As European regulators eye the FX market, the onus is falling on buy-side firms to develop best execution FX standards and take more control over their trades.
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The SEC’s ATS Transparency Rules: What’s the Impact?
The SEC’s new proposed rules on transparency in alternative trading systems are going to shine a light on the operations of dark pools, ensuring fair access to information for all market participants.
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FX Liquidity and Technology — An Ecosystem in Flux
Change is accelerating in the electronic foreign exchange markets. With the fixing scandal and the currency rigging cases resulting in multi-billion dollar bank fines, investors are choosing a mix of liquidity providers or venues in an FX ecosystem that has become more complex.
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Buy-Side Backs Block Trading 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.