April 3, 2006 Issue Abstract

To purchase this issue of Global Investment Technology, please contact Terry Tiangco at (212) 370-3700, x287 or e-mail ttiangco@globalinv.com

Derivatives Trading: Weak Infrastructure, Poor Systems Vex Industry Seeking Lower Risk in OTC Derivatives Trading. After 14 major credit derivatives dealers met the January 31 deadline set by the Federal Reserve Bank of New York to implement improvements in processing over-the-counter instruments, risk management and infrastructure challenges still abound for the OTC derivatives universe.

Industry Alert: Firms Beg For More Time on Reg NMS Compliance. Even as brokerage firms seek an extension of the June 29 deadline for Reg NMS compliance, so they can adapt to new trading systems, the firmness of the deadline remains in doubt.

Spotlight: Andrew Nixon, Head of Technology (Europe), JPMorgan Asset Management.

Securities Data Innovation: Volanté Tools Extend Data Interoperability Of Systems. To manage complex messaging standards for trade processing, securities and investment firms and asset providers are turning to solutions from Volanté Technologies that eliminate the need for constant rewrites of processing routines.

Business Strategies: Mellon Augments Analytical Solutions With Eagle Performance. Mellon Financial Corporation has combined the services of its Mellon Analytical Solutions business with Eagle Performance, a product suite within the Eagle PACE platform offered by Eagle Investment Systems, to create a more dynamic performance analysis offering targeting institutional investors.

The News Network: Omgeo CTM Adds FIX Link to Fischer Francis Trees & Watts; State Street Rolls Out New Risk Management Tools; Bloomberg Joins Banks on Interest-Rate Derivatives.