February 6, 2006 Issue Abstract
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Technology Spending Trends: Risk Mitigation Is Seen as Key Theme Driving IT, Operations Initiatives in Coming Months. Risk mitigation, management and compliance is the umbrella covering several drivers of IT and operations initiatives at securities and investment firms this year, among them the growth of new asset classes, a continuing quest for efficiency and streamlined workflows, and the burden of regulatory demands.
Industry Alert: Portware, Liquidnet Bridge Buy-Side Trading Gap. Enhancing its capability to quickly fill large block trade orders anonymously and with minimal market impact, Liquidnet, an electronic marketplace for block trading by buy-side firms, has partnered with Portware, a provider of enterprise electronic execution platforms.
Spotlight: Nadine Chakar, Chief Executive Officer, ABN AMRO Mellon Global Securities Services.
Foreign Exchange Trading: Hotspot Purchase Differentiates Knight Capital. Trade execution and asset management services provider Knight Capital Group, Inc. is acquiring Hotspot FX, Inc., a platform for spot foreign exchange trade execution, for the opportunity it presents for Knight to cross-sell its services.
Derivatives Trading: Sophis’s VALUE Enhances Credit Derivatives Support. To standardize operations, BNP Asset Management’s Structured Investment Division turned to VALUE, a comprehensive front-to-back-office system for fund management firms, developed several years ago by Paris-based Sophis.
- NYFIX Unveils New Single-Connect Version of FIX Engine
- State Street, SSISearch Team on Settlement Standard
- ISE Launches Historical Tick Market Data Offering
- ISO Message Standards Meet MiFID Requirements, SWIFT Finds
- CBOT, Singapore Exchange Team on Derivatives Venue
- OMX Enters Joint Venture to Develop Egyptian Markets