October 5, 2009 Issue Abstract

Data Management: Investment Firms Rethinking Data Infrastructures To Meet Risk Management, Client Reporting Needs. In changing times for the investment industry, TD Asset Management’s new data governance structure is emblematic of efforts to keep up in the field of data management.

Industry Alert: What Turquoise Means for London Stock Exchange. If acquisition talks between the London Stock Exchange (LSE) Group plc and multi-lateral trading facility (MTF) Turquoise, which the LSE has acknowledged, come to fruition, the resulting deal would be an isolated change in the competition among MTFs, exchanges and other market venues, rather than the beginning of a wave of consolidations, says an industry observer.

Derivatives Processing: SunGard Prepares to Roll Out Options Symbology Initiative. SunGard is preparing to roll out brokerage and clearance solutions to meet the requirements of the Option Symbology Initiative (OSI), an overhaul of exchange-listed options contracts identifiers from the Options Clearing Corporation, the equity derivatives clearing organization.

Spotlight: Gary Katz, President and Chief Executive Officer of the International Securities Exchange (ISE). The ISE, a leading and pioneering electronic options market, sees new entrants contributing to continued expansion of the market.

CRM Solutions: WealthManager Doubles as e-Portal for Fund Investors. Investment firms typically have customer relationship management systems and online client portals, but have a challenge seamlessly pairing the two. WealthManager, a solution from Odyssey Financial Technologies, addresses this need.

The Electronic Marketplace: Awaiting Exchange Status, Direct Edge Plans New Platform. Trading venue Direct Edge announced plans to roll out a next-generation trading platform that will go “hand in hand” with the exchange status it is seeking from the SEC.

Investment Management Trends: Investment Firms’ Cost Cuts Are “Transformational.” Mutual fund companies, investment advisors, hedge fund advisors and their services providers are largely uncertain as to whether cost pressures on their industry will moderate in 2010, compared to 2009, according to an online survey by Deloitte LLP.