July 25, 2005 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
Derivatives
Trading: Advance of Derivatives Trading Flags a Key Gap: Missing
Standards Stall Electronic Market Growth.
Electronic
trading systems and venues are advancing the complexity of derivatives trading in foreign exchange (FX), credits swaps and
other instruments. The progress dramatically increases the sophistication of hedging strategies to reduce risks as well as
to capture trading returns, as well as pointing institutional investors to using derivatives as an important portfolio tool.
Industry
Alert: Macgregor Purchase Positions ITG as DMA Player.
The planned
acquisition by equity-trading services provider Investment Technology Group, Inc. (ITG) of order-management systems provider
Macgregor is intended to integrate both companies' functions to better serve their clients.
Corporate
Actions: Beware Disparities in Actions Processing.
The possibility
of the same corporate action being announced in different markets with different attributes at the same time seems unlikely,
but it can happen more often than you might guess.
Spotlight: Michael Thorfinnson, Chief Operating Officer and Chief Risk Officer, TD Asset Management
Real-Time
Data: Oracle to Extend TimesTen's Reach.
With closing
of its acquisition of real-time data management software provider TimesTen, Inc., technology company Oracle gets incremental
database technology and a customer base that fits into its offerings.
Fixed Income
Trading: Euronext Buyout of MTS Underscores Convergence.
Euronext
and Borsa Italiana's joint acquisition of 51 percent of MTS SpA, owner of the EuroMTS pan-European electronic trading system
for fixed-income securities and several other country-specific versions of MTS, could spur MTS to consolidate its various
platforms throughout several European countries.
The News
Network: JP Morgan buys Neovest; Sun buys SeeBeyond; Nasdaq transfers OTC business to NASD; Lehman offers pre-trade
analytics with Charles River
