July 10, 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

Fixed Income Analytics: Forcing Equity Model on Bond Portfolios Highlights Key Voids in Fixed-Income Performance Attribution. No single performance and attribution solution currently deals with the complex issues raised by the use of widely varied fixed-income instruments, portfolios and styles. The void calls for a combination of technology and modeling savvy to address fixed-income attribution changes.

Industry Alert: NYFIX, Goldman, Morgan, Citigroup Partner on IOIs. Financial technology solutions provider NYFIX Inc., operator of the NYFIX network, has begun working with Goldman Sachs, Morgan Stanley and Citigroup as strategic partners for real-time distribution of indications of interest and trade advertisements on its network.

Block Trading: Pipeline Integrates With ITG’s Macgregor, Charles River. Pipeline Trading Systems has integrated its alternative trading system, used by buy-side institutions and brokerage firms, with the Macgregor Order Management network owned by ITG Solutions Network and with the Charles River Investment Management System (IMS).

Spotlight: Andrew Meyers, Chief Operating Officer, Breckinridge Capital Advisors.

Hedge Funds: SEC’s Registration Setback May Prompt Rule Re-Design. Although a US federal appeals court has overturned the US Securities and Exchange Commission’s hedge fund registration rule, throwing the registration requirement into limbo, securities industry analysts and observers say the issue of hedge fund regulation is not yet settled.

Business Strategies: Accenture Buys Random Walk to Offer Unique Solutions. Accenture’s acquisition of Random Walk Computing Inc. will position the global consulting firm to offer custom-designed solutions to institutional investors and other capital markets clients.