November 12, 2007 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

The Electronic Marketplace: Pan-European Electronic Trading Venues Mushroom Under MiFID as MTFs for Most-Liquid Securities. Catalyzed by the Markets in Financial Instruments Directive that went into effect November 1, the European marketplace has spawned several new trading venues, including Instinet’s Chi-X, Equiduct, Project Turquoise, and now Project SmartPool, NYSE-Euronext’s new electronic market.

Industry Alert: First Linkages With Europe, Next Global Gateways. Trading venues and services providers are increasing the electronic offerings available for trans-Atlantic trading, with NYSE-Euronext planning a trans-Atlantic electronic derivatives trading service, and ITG Inc. adding trans-Atlantic capabilities to its Triton execution management system.

Spotlight: William O’Brien, Chief Executive Officer, Direct Edge ECN.

Portfolio Management: Systems Vendors Playing Catch-Up to Clients’ Demands. The advances occurring in portfolio management systems as investment firms refresh legacy installations are extending in particular to back-office functions such as portfolio accounting.

The MiFID Monitor: Reuters Launches TCA and Tick History Products; Interactive Data Plans Lower Latency, More Throughput; VhaYu Issues Faster Version of Book Analyzer Platform; Broadridge Debuts ECN Connector Link For Impact System; FIXCITY Launches IOINET to Satisfy Best Execution.

The News Network: BNY ConvergEx Algorithm Optimizes Strategy Shifts; Omgeo Adds BBH Infomediary Messaging Platform; FSA Approves TRAX2 System, Fast-Tracking European O.K.