Global Investment Technology -- January 22, 2007 Issue Abstract

January 22, 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

The Electronic Marketplace: Proliferation of Block-Crossing Venues Presents Paradox: How Much Is Too Much Competition? Far from aggregating fragmented liquidity, as institutional firms desired, the proliferation of large-block crossing networks has had the opposite effect of further fragmenting that liquidity.

Industry Alert: BATS Leverages Aggressive Price Cuts as Start-Up Costs. BATS Trading Inc.’s recent climb in its percentage of Nasdaq trading volume is due more to its market model than anything else, say its chief executive and a prominent market structure observer.

Securities Trading: NYFIX to Help Buy-Side Avoid Brokers’ IOI Spam. To reduce noise surrounding indications of interest (IOIs) and advertised trades (ATs), NYFIX Inc. has added eight leading global broker-dealers to its NYFIX Sidekick real-time service that distributes IOIs and ATs from more than 100 broker-dealers to more than 150 buy-side firms.

Spotlight: Andy Brown, Managing Director and Chief Technology Officer for Infrastructure at Credit Suisse.

Swaps & Derivatives: Markit Boosts OTC Derivatives Processing Efficiency. Markit Group began enhancing the capabilities of its Markit Trade Processing product in May 2006 following its acquisition of Communicator’s Compliance Hub product, which it incorporated into Markit Trade Processing.

Securities Lending: Euronext Buys Securities Lending Forum SecFinex. To capitalize on the rapid expansion of the securities lending market while also jumping hurdles presented by the new MiFID [Markets in Financial Instruments Directive] in Europe, pan-European stock exchange Euronext has acquired a 51 percent controlling interest in SecFinex, a European electronic trading platform for securities lending.

The News Network: Linedata Reaches 1,000 User Connections for LyNX Service; Eze Castle, Advent, Charles River and Advanced Financial Join FEATS Network; Interwoven Taps Into DTCC Trade Information Warehouse.


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	January 22, 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 The Electronic Marketplace: Proliferation of Block-Crossing Venues Presents Paradox: How Much Is Too Much Competition? Far from aggregating fragmented liquidity, as institutional firms desired, the proliferation of large-block crossing networks has had the opposite effect of further fragmenting that liquidity. Industry Alert: BATS Leverages Aggressive Price Cuts as Start-Up Costs. BATS Trading Inc.’s recent climb in its percentage of Nasdaq trading volume is due more to its market model than anything else, say its chief executive and a prominent market structure observer. Securities Trading: NYFIX to Help Buy-Side Avoid Brokers’ IOI Spam. To reduce noise surrounding indications of interest (IOIs) and advertised trades (ATs), NYFIX Inc. has added eight leading global broker-dealers to its NYFIX Sidekick real-time service that distributes IOIs and ATs from more than 100 broker-dealers to more than 150 buy-side firms. Spotlight: Andy Brown, Managing Director and Chief Technology Officer for Infrastructure at Credit Suisse. Swaps & Derivatives: Markit Boosts OTC Derivatives Processing Efficiency. Markit Group began enhancing the capabilities of its Markit Trade Processing product in May 2006 following its acquisition of Communicator’s Compliance Hub product, which it incorporated into Markit Trade Processing. Securities Lending: Euronext Buys Securities Lending Forum SecFinex. To capitalize on the rapid expansion of the securities lending market while also jumping hurdles presented by the new MiFID [Markets in Financial Instruments Directive] in Europe, pan-European stock exchange Euronext has acquired a 51 percent controlling interest in SecFinex, a European electronic trading platform for securities lending. The News Network: Linedata Reaches 1,000 User Connections for LyNX Service; Eze Castle, Advent, Charles River and Advanced Financial Join FEATS Network; Interwoven Taps Into DTCC Trade Information Warehouse.