June 23, 2008 Issue Abstract

Portfolio Accounting Systems: Hedge Funds Turning to Multi-Asset Class Systems To Meet Clients’ Need for New Investment Products. A growing number of investment managers and hedge funds report they are on the lookout for multi-asset class portfolio management and accounting systems that can offer “deep” accounting capabilities as a core functionality.

Industry Alert: Talk of Euro CCP-LCH.Clearnet Merger Stirs Debate. The uncertainty surrounding the future of clearance and settlement in Europe would still remain even if a possible merger of LCH.Clearnet and Euro CCP, the European venture of the Depository Trust & Clearing Corporation, were to come to pass, says a Tabb Group analyst.

FX Trading: FX Volumes Reach $100 Trillion in Secular Growth. The growth in electronic trading of foreign exchange, along with the growth in volume of FX trading itself, will continue in coming years, according to research by Greenwich Associates.

Spotlight: Ian R. Hurst, General Manager, Global Financial Services Sector, IBM. IBM points to seismic shifts redefining client groups, risk appetites and operating models in the financial industry.

Hedge Funds: FinAnalytica Gives Fund of Hedge Funds a Grip on Risk. One London-based fund of hedge funds with about $3 billion in assets under management achieved a better grasp on market risk through using the Cognity portfolio analytics solution provided by FinAnalytica.

European Market Monitor: European Trading Competition Fears Prove Unfounded. Instinet Europe reports savings in its MiFID Best Execution Policy Review.

New Product Roundup: A continuing roundup of noteworthy advances in technologies of interest and value to securities and investment industry professionals, including new offerings for trading snapshots and faster analysis.