March 20, 2006 Issue Abstract
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Securities Standards: Advanced FIX Standard Promotes Wider Use As More Vendors Offer Sophisticated Solutions. To keep up with the industry’s desire to apply the FIX protocol to automate more manual work, vendors developing FIX-related products and services are challenged to tailor the messaging standard and endow their offerings with richer capabilities and greater sophistication in functionality.
Industry Alert: What Lies Nearer NYSE’s Nose Than Distant Deals? The New York Stock Exchange’s next step appears to be the pursuit of business in asset classes aside from equities.
Spotlight: John W. Hollyer, Principal and Head of Risk Management and Strategy Analysis, The Vanguard Group, Inc.
Fixed Income Trading: Are Bonds More Beautiful When Traded Electronically? Automating pre- and post-trade processes and choosing the right technology continues to flummox many institutional investors.
New
Product Roundup: Advancing Algos, Event Processing, Fair Valuations. Several new
and noteworthy technologies targeting institutional investors have debuted since the New Year, including offerings from Progress
Software, Reuters, StreamBase Systems, Transaction Network Services and Vhayu.
Global Asset Services: Globe Tax Rolls Out Reclamation Service Bureau.
Reclaiming taxes on cross-border stock transactions is becoming easier as Globe Tax Services prepares to offer TaxReclaim
Service Bureau, an electronic service which will leverage securities and investment firms’ connectivity to SWIFT to
automate tax processing.
Derivatives Trading: SwapsWire Connection Augments TradeWeb’s Benefit.
To better handle electronic confirmation of over-the-counter derivatives trades, particularly interest rate swaps, Thomson
TradeWeb has integrated with SwapsWire, a derivatives confirmation system.