April 30, 2007 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: Increased Derivatives Trading Creates Greater Operational Risks Because of Manual Processing. As more institutional investors leverage derivatives to enhance investment performance, the manual processing associated with many complex over-the-counter (OTC) instruments presents new operational risks as these vehicles become a bigger component of investment strategies.
Industry
Alert: EuroCCP, Citigroup Deal Puts Turquoise on Fast Track. The choice by Project Turquoise, the consortium
of financial institutions developing a pan-European trading platform, to use the EuroCCP unit of the DTCC will address the
issue of cost-intensive mini-fiefdoms in
Spotlight: Marianne Brown, President and Chief Executive Officer, Omgeo.
Fixed Income Pricing: Hard-to-Value Securities Increase Complexity, Risk. Increasing numbers of new types of fixed-income securities, including credit default swaps (CDSs), are presenting major valuation challenges and also spotlighting new demands on managing data and controlling risk in institutional portfolios.
On The Exchanges: Equities Exchanges Are Eyeing Derivatives Trading. With the New York Stock Exchange and Euronext already converging their operations following the NYSE’s acquisition of Euronext, the Big Board gains pathways to make stronger inroads into the global derivatives marketplace.
FX Trading: e-Trading Offers a Boost to Global FX Marketplace. Although electronic trading now accounts for about 50 percent of all foreign exchange (FX) trades, according to research by Greenwich Associates, it’s unlikely that it will ever exceed 75 to 80 percent of trading volume – and that will take another five years.
The News Network:
BNY ConvergEx Adds Vortex Dark Liquidity Pool; S&P MasterFeed To Offer ICAP Global
Market Data; Deutsche Börse Debuts Fee Calculator
on Market Website;