February 5, 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
Fixed-Income Trading: New Instruments and Trading Advances Highlight Obsolete Technologies, Operational Deficiencies. Although technology supporting fixed-income securities trading has progressed rapidly in the past year, investment firms are still looking for platforms capable of handling multiple types of fixed-income securities and all the data they generate. Firms are also seeking more consistent and better ways to handle pricing and reference data within new systems.
Industry Alert: Ventures Challenge Supremacy of European Exchanges. European stock exchanges could soon be eclipsed as a central focal point of trade execution and price dissemination as moves to start alternative trading forums and trade reporting facilities gain momentum.
Business Strategies: Liquidnet Ups the Ante in Electronic Trade Execution. Aside from just broadening the reach of its electronic block trading facility, Liquidnet’s agreement to acquire agency brokerage Miletus trading is likely to increase competition in electronic trade execution services.
Spotlight: Joseph Wald, Chief Executive Officer, EdgeTrade.
Risk Management: Quantal Models Economic Effects on Securities Pricing. Quantal International offers investment solutions that provide accurate and up-to-date risk forecasts and risk models for global managers, with a flagship product, Quantal PRO, that features a multi-factor risk model and optimizer.
Electronic Trading Networks: Reuters Adds BNY ConvergEx to Its Broker Platform. The incorporation of agency brokerage and investment technology solutions provider BNY ConvergEx Group into the Reuters Trading for Exchanges electronic trading platform for exchange-traded markets widens BNY’s reach to about 100 countries worldwide.
The News Network: ISE Stock Exchange Puts S&P 1500 on Displayed Market; SwapsWire Automates Trade Confirmations For Capitalia; AFA ImpactPro Processing Solution Adds Options Capability; FlexTrade Launches FlexPTS Portfolio Trading Solution.