January 9, 2006 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: Algorithmic Trading Shifts To Deconstruction Routines for Greater Operations Support. The application of technology to securities processing operations, rather than to support competing trading strategies in various markets or merely making operations faster and producing cost efficiencies, will very likely fuel a new and revolutionary phenomenon – a war of algorithms.

Industry Alert: NYSE’s Hybrid Market Plans Spawn Skepticism. The New York Stock Exchange (NYSE) and Archipelago now face the question of whether NYSE’s hybrid market plan or Archipelago’s electronic trading platform best represents their electronic trading future.

New Product Roundup: Asset Management IT Innovation Continues Apace. Several new and noteworthy technologies targeting institutional investors have debuted, including offerings from BT Radianz, Charles River Development, Panopticon Software, QED Information Systems and SunGard.

Spotlight: Greg Tusar, Head of U.S. Electronic Trading, Goldman Sachs.

Technology Strategies: Pyxis Mobile Tools Win Thumbs Up From Fund Managers. Calamos Investments, with $42 billion in assets under management, found mWholesaler, a wireless software application from Pyxis Mobile.