The
Electronic Marketplace: Algorithmic Trading Shifts To Deconstruction Routines for Greater Operations Support.
The application of technology to securities processing operations, rather than to support competing trading strategies in
various markets or merely making operations faster and producing cost efficiencies, will very likely fuel a new and revolutionary
phenomenon – a war of algorithms.
Industry
Alert: NYSE’s Hybrid Market Plans Spawn Skepticism. The New York Stock Exchange (NYSE) and Archipelago
now face the question of whether NYSE’s hybrid market plan or Archipelago’s electronic trading platform best represents
their electronic trading future.
New
Product Roundup: Asset Management IT Innovation Continues Apace. Several new and noteworthy technologies targeting
institutional investors have debuted, including offerings from BT Radianz, Charles River Development, Panopticon Software,
QED Information Systems and SunGard.
Spotlight: Greg
Tusar, Head of U.S. Electronic Trading, Goldman Sachs.
Technology
Strategies: Pyxis Mobile Tools Win Thumbs Up From Fund Managers. Calamos Investments, with $42 billion in
assets under management, found mWholesaler, a wireless software application from Pyxis Mobile.
Hedge
Funds: HSBC Gets a Boost on Private Equity Administration. In an effort to attract more private equity investment
business, HSBC’s Alternative Fund Services unit has launched a new, customized, private-equity administration platform
for its private equity clients. 
