October 2007
COVER STORY
Can Financial Models Prevent CDO Problems?
Can Financial Models Prevent CDO Problems?
Computerized financial models help fund managers at Barclays, Mitsubishi and Point Clear make better decisions.

SPECIAL REPORTPhoto gallery:
Photo Gallery: Savvis Data Center Offers Connectivity to Exchanges Worldwide
Savvis, a provider of utility-hosted data center services, has a data center close to Manhattan that offers connectivity to market data from more than 100 exchanges worldwide.




BUSINESS LINES:

COMPLIANCE:
Online Security Attacks Against Financial Institutions Rapidly Increasing
As the number of hack attacks continues to rise, experts say companies must use multiple factors of authentication, risk analysis and people to protect themselves.

INVESTMENT MANAGEMENT
Morgan Stanley's Global Wealth Technology Turnaround
A new network, a services-oriented architecture, and new portals for salespeople, financial advisors and customers have produced dramatic results for Morgan Stanley's Global Wealth Management Group.

OPERATIONS
Glenmede Trust Company Streamlines With Imprivata SSO Solution
Imprivata enables Glenmede to streamline productivity and security with One-Sign single sign-on solution.

PERSPECTIVES
The Boston Equity Exchange (BEX) Calls It Quits
The Boston Equities Exchange (BEX) became the first regional exchange to throw in the towel, but the Boston Stock Exchange (BSX) isn't down for the count, says Special Contributing Editor Larry Tabb.
FROM THE EDITOR
Sub-Prime Loans and CDOs Have Helped Create the Perfect Storm
Sub-prime loans, predatory lending, collateralized debt obligations (CDOs) and a legitimate real-estate market collapse have shaken the foundation of the U.S. economy.


UP FRONT
Market for Global Portfolio Systems to Reach $2.67 billion by 2010
Variety of market changes creating need, according to a new report from Aite Group.

Study Shows Most Enterprises Lack a Strategic Security Vendor
Nearly all (90 percent) plan to invest more in security solutions in the next 12 to 18 months, according to research firm Nemertes Research.

Large U.S. Firms Getting Better at Managing Risk, But Can Still Improve
2007 Protiviti U.S. Risk Barometer study found that 53 percent of respondents rated their firms as very effective at managing risk, a 15 percent rise compared to last year.

Traditional Brokerages Must Embrace Web 2.0, Gartner Says
New Internet brokerages target niche markets looking for specific functionality and services rather than attempting to compete with large firms for the mass market.

Globalization Regulations Must Be Changed, CEOs State In NYSE Survey
Ninety-four percent of U.S. CEOs and 79 percent of non-U.S. CEOs believe changes to the American legal system to lower litigation risks would increase the competitiveness of U.S. capital markets.


PRODUCT WATCH
Oracle Delivers Coherence 3.3
Solution enables firms to push data closer to applications for faster access and greater resource utilization, Oracle claims.

Techrigy SM2 Helps Companies Monitor The Blogosphere
The SM2 is targeted at organizations that want to scour blogs and wikis on the Web for mentions of their companies, partners and competitors to mitigate reputational damage and potential legal liabilities.

Misys's Summit FT V5.2 Provides Advanced Credit Derivatives Solution for Banks, Asset Managers
Summit FT V5.2 enables banks and asset managers to scale up and meet evolving market demands in both complexity and volume.


SHIFTING GEARS
Omgeo Board Adds Michael Bodson
Michael C. Bodson, executive managing director for business management, strategy and marketing for The Depository Trust & Clearing Corp. (DTCC) has replaced Jill M. Considine on Omgeo's board of managers.

Rosenblatt Securities Taps Jay Indovino
As a managing director at Rosenblatt Securities, Indovino will focus on helping Rosenblatt grow its client base, as well as tapping into business development opportunities and connecting the firm with new technology platforms.

Merrill Lynch's Lehrman Named Head of Global Credit Trading Technology
As global head of credit trading technology at Merrill Lynch, Ira Lehrman will head up daily technology operations, as well as drive tech strategy for the group.