May 29, 2006 Issue Abstract

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 FX Trading: Hedge Funds, Globalization of Portfolios Propel FX as a Hot Asset Class and Key Alpha Generator. As foreign exchange comes into its own as an investment asset class, outgrowing its roots as a securities-trading afterthought left to be handled by custodial banks, hedge funds and a few major money management firms have positioned themselves as direct participants in the FX market.

Securities Standards: FIX 4.4 Helps Buy-Side Automate Assets Processing. As the FIX protocol slowly strengthens its hold in the investment community and is leveraged to automate a widening array of trade processes, firms failing to adopt the standard risk not only missing out on achieving greater operational efficiencies, but loss of securities business overall.

Industry Alert: Reuters-CME’s FX Market Venture Raises Doubts. Plans for FXMarket Space, a centrally cleared, global foreign exchange marketplace that will be a joint venture between Reuters and the Chicago Mercantile Exchange, could run up against difficulty in obtaining liquidity as it tries to position itself as a new choice in FX trading.

Spotlight: James Mazarakis, Chief Technology Officer, T. Rowe Price.

Portfolio Accounting Systems: New Edition of SunGard’s InvestOne Comes of Web Age. Under its new Common Services Architecture, SunGard’s InvestOne Enterprise accounting solution now offers all the tools needed to serve its purpose under one umbrella.

The News Network: Exchanges/ECN Working Group Re-Focuses on FIX Adoption; Reuters, Simcorp To Provide Dimension Data on DataScope; Thomson TradeWeb Debuts European Cash Credit Trading; Implementation Group Works on U.K. Settlement Barriers; AXA-Minmetals Deploys DST International HiPortfolio/3; SecLend Signs Users For Securities Lending Administration.

 

   
     

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