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Ivy Schmerken
Works at Freelance Writer
Attended Brandeis University
Lives in New Jersey
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Ivy Schmerken

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There has been speculation that #ICE   could sell the New York Stock Exchange business because U.S. equities trading doesn't fit in with the parent's focus on derivatives . But during an earnings call, ICE CEO Jeff Sprecher clarified that it's committed to the NYSE for "two years" since it expects to reap the benefits  of the NYSE's earnings growth through listings and data services. But if the NYSE becomes a "drag" and is unable to grow its parent's earnings, according to #Reuters , Sprecher told analysts and media that ICE has a history of unloading businesses that didn't perform. So only days after the CME announces its decision to close trading floors, ICE is giving an ultimatum about the NYSE"s business. Does that mean the NYSE floor has two more years?
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Ivy Schmerken

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With the rise of electronic trading in futures, this week CME Group said it plans to shutter its open-outcry trading pits in July where traders stand shouting bids and offers, gesticulating with hand signals. The exchange will keep its S&P 500 index futures and options pits running,  as well as two index products based on the Dow Jones Industrial Average and the Nasdaq index. While decision was expected, it still marks the end of a floor-based culture and the ascent of machines. Market makers and customers now prefer the speed and efficiency of screen-based trading so the pits are much quieter.  If not now, then maybe someday the jackets will be collector's items - like a Van Gogh painting that sells for millions at Sothebys.
Chalk up another victory of the machines over humans. The parent company of the Chicago Board of Trade and other exchanges is ending most trading involving people on the floor who establish prices by flashing hand signals and shouting at each other. CME Group said Wednesday it that it...
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Powerful op/ed piece for parents and anyone who has been taught to be perfect and not to take risks, try new things.. Parents should let their kids fail young and it's good for the economy, says the author.
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Ivy Schmerken

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CFTC ranked as the No. 6 worst place to work as compared to 29 federal agencies. A sad state of affairs for professionals who oversee derivatives and whose cash-strapped agency had to borrow money from the Treasury dept. 
Fed up with pay packages that are smaller than other financial regulators, some workers at the U.S. agency that oversees the derivatives market have begun discussing whether to join a union.
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60 Minutes will  feature Michael Lewis, author of Flash Boys, a new book making waves on Wall Street. Brad Katsuyama, CEO of IEX, figured out that his orders were disadvantaged when he was head of trading at #RBC.  RBC trading floor images in @60Minutes"Rigged" from @wallstreettech http://goo.gl/QkIj7T #FlashBoys #HFT #IEX
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New York's Attorney General is pressuring companies that provide high-speed traders with an information edge to discontinue the practice. However, a Canadian company, Marketwired, claims it acted on its own.
The move by Marketwired is another victory in the effort by the New York State attorney general to curb the advantages enjoyed by the fastest traders on Wall Street.
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Have her in circles
57 people
Jon Schnaars's profile photo
Erik Kobayashi-Solomon's profile photo
Shannon Albarelli's profile photo
Patrick Rooney's profile photo
Kathy Burger's profile photo
Eugene M. Grygo's profile photo
Aine Hall's profile photo
Anne R. Gabriel's profile photo
Chris Murphy's profile photo
Education
  • Brandeis University
    English and American Lit
  • New York University
    English - Graduate Courses
  • New York Institute of Finance
Basic Information
Gender
Female
Story
Tagline
Financial Writer/Reporter, Wall Street Watcher, Mom, Tennis Fan
Introduction
Former Editor-at-Large, Wall Street & Technology
Work
Occupation
Reporting on Wall Street news, people, technology and regulations
Skills
Reporting, writing features, daily news and blogs. Turning dry and arcane topics into an interesting read.
Employment
  • Freelance Writer
    Financial/Tech Writer, present
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
New Jersey
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