July 2007

Private Equity Firms Fueling the Growth of Electronic Trading
Private equity firms are rushing to invest in electronic trading companies and financial technology companies that provide services to hedge funds.

Yellow Jacket Software Captures Market Data from Instant Messaging Converations
Private equity firms invest in Yellow Jacket Software's real-time communications network for OTC energy traders that instant messaging conversations into transactions.

Francisco Partners Invests Over $100 Million in FX Solutions
Electronic trading in the foreign currency market attracts private equity firm Francisco Partners to FX Solutions' global trading system for retail and institutional investors.

Advent International Acquired a Majority Stake in BondDesk Group, Operator of BondDeskATS
High growth in electronic bond trading by retail investors attracted private equity firm Advent International to acquire the majority of BondDesk Group.


OES, Lava Trading Emerge as Dominant Vendors in Order Routing
Brokers, exchanges and other vendors are relying on Order Execution Services and Lava Trading for their Reg NMS compliant order routing. But does this pose a risk?

Wall Street Firms Fine-Tune Reg NMS Compliance, Look Ahead at the Future
Most financial firms have been working on boosting their order-routing capabilities and their infrastructure. But now is the time to see whether their systems can efficiently handle the data Reg NMS requires.

Technology Upgrades Improve Derivatives Processing
The DTCC, SwapsWire, major broker-dealers and custodians, such as State Street, all are upgrading their technology to bring derivatives processing into the 21st century.

Bank of America Constructs Energy-Conscious Tower in Manhatten
Energy-Efficient Bank of America building makes intelligent use of energy, light and water.

T. Rowe Price Adopts Intrustion-Prevention Systems From TippingPoint
T. Rowe Price thwarts malware and pleases Sarbanes Oxley auditors with the adoption of an intrustion-prevention system from TippingPoint.

What Does A Thomson-Reuters Combination Mean For The Financial Markets Industry?
Unless details are settled quickly, the integration could put new and renewal agreements on hold, as clients do not often transition to a platform scheduled for sunset or put their faith in a team that may not be there next month.
Financial Technology Firms Receiving Private Equity Funding
Technology firms are starting to receive private equity funding. But any private equity firms investing in financial services technology providers will also need IT management skills. Otherwise, they risk turning a once promising company into a bad investment.

U.S. Businesses Still Lack Adequate Security to Protect Client Information
Study shows 85% of businesses reported data security breach, mostly due to stolen equipment.

Electronic Trading A Competitive Necessity, Aite Report Says
Aite Group report on institutional FX trading platforms shows bigger profits from multiple platforms make banks reluctant to switch.

IT Spending to Reach $1 Trillion by 2010
Large U.S. businesses expected to spend more on acquisitions due to outsourcing and need for competitiveness.

Are Banks Meeting the Cash Management Needs of Middle Market Businesses?
Despite the fact that most U.S. banks have boosted their investment in cash management initiatives, most middle market companies continue to bank with large financial institutions.

CIOs Say IT Staff Lack Technical Skills
IT staff must take responsibility for their professional development, survey says.

Wall Street Firms Begin Delivering More Applications to Senior Managersí BlackBerry Devices
Merrill Lynch and Blackstone Group are among firms providing mission-critical applications to managersí BlackBerry devices.

Wall Street Firms Starting to Allow Wireless Trading
Although data security is a lingering issue, firms are starting to give portfolio managers the ability to execute trades on their Blackberries.

DST Unveils Cost-Cutting Electronic Proxy Delivery Solution
Following the SECís recent ruling, DST unveils a proxy solution which includes electronic materials delivery and voting support, consent adoption and consent management.

Lumigent Audit DB 6.0 Provides Single Platform For Data Collection
Lumigentís new database security and compliance system allows Wall Street firms to use multiple data collection methods.

Securent Releases Enhanced Entitlement Management Solution
Securent's new version 3.0 of its Entitlement Management Solution (EMS) provides end-to-end protection for databases and more support for third party applications.

CHX Promotes Whitcomb to EVP and Chief Regulatory Officer
As Chief Regulatory Officer Charles Whitcomb will initially lead the exchange through its transition to being full electronic in January 2008.

TABB Names Linderman Senior Research Analyst
Jeffrey Linderman's immediate focus will be on research projects regarding settlement and clearing in the U.S and European Union (EU).

HSH-Nordbank Hires Tech Expert to Support Growth
David Dart joins HSH-Nordbank from HVB Americas