January 8, 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

Buy-Side Technology Trends: 2007 IT Drivers Are Containing Operating Costs, Interoperating Systems for Cross-Asset Strategies. The top business drivers will include a squeeze on operation margins, a convergence of portfolio strategies with those of hedge funds, and a consolidation of order management systems.

Industry Alert: SEC Guidance, Praised and Razed, May Help Buy Side. The impact of the SEC’s proposed guidance to relax provisions of the Sarbanes-Oxley Act, particularly requirements for accounting rules and audits, could open the door for buy-side firms to enjoy more freedom in offering and handling creative investment products.

Soft Dollar Services: Declining Commission Rates Set Stage for New Model. A sea change in the flow of commission dollars brought on by falling commission rates means buy-side firms have less to spend on products and services from full-service brokers. Therefore, buy-side firms have to shift more order flow to these brokers to compensate for the falling rates.

Spotlight: Joseph Rizzello, Chairman of NSX Holdings Inc. and Chief Executive Officer, National Stock Exchange Inc.

Research & Analytics: Thomson Models Guidance on Company Earnings. The Thomson Guidance productivity tool allows analysts to track how well companies meet performance predictions outlined by their executives, and to better predict future results.