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      <title>Securities Industry News Current Issue</title>
      <link>http://www.securitiesindustry.com/news/index.html</link>
      <description></description>
      <language>en-us</language>
      <copyright>Copyright 2007 Securities Industry. All rights Reserved.</copyright>
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      <pubDate>1000Wed, 20 Aug 2008 07:50:36 CDT</pubDate>
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      <item>
         <title><![CDATA[SEC Introduces Edgar Successor]]></title>
         <description><![CDATA[The Securities and Exchange Commission's decades-old reporting and disclosure system will be replaced by an XBRL-based platform.]]></description>
         <link>http://www.securitiesindustry.com/news/22724-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Exchange Approval Arrives for BATS]]></title>
         <description><![CDATA[The BATS Trading electronic communications network will begin operating as an exchange within 60 days.]]></description>
         <link>http://www.securitiesindustry.com/news/22723-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Turquoise Opens Doors]]></title>
         <description><![CDATA[Turquoise, a pan-European venue backed by a consortium of investment banks, has begun limited operations.]]></description>
         <link>http://www.securitiesindustry.com/news/22722-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Exchanges Agree to Consolidate Insider-Trading Programs Under SROs]]></title>
         <description><![CDATA[The insider trading responsibilities of ten equities exchanges are being consolidated under NYSE Regulation and the Financial Regulatory Authority.]]></description>
         <link>http://www.securitiesindustry.com/news/22721-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Approved for Portfolio Margining, Pershing Aims at High-Net-Worth Clients]]></title>
         <description><![CDATA[Newly permitted to offer portfolio margin accounts, Pershing says it will target high-net-worth customers with the higher-leverage accounts.]]></description>
         <link>http://www.securitiesindustry.com/news/22720-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citigroup Agrees in Principle to Repay $7.5 Billion in ARS Settlement]]></title>
         <description><![CDATA[Citigroup has reached a preliminary settlement agreement with the SEC to repay individual investors the money they invested in auction rate securities.]]></description>
         <link>http://www.securitiesindustry.com/news/22679-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Prime Brokers Tap Swift for Same-Day Matching]]></title>
         <description><![CDATA[Swift has been selected by a group of major prime brokers to build a centralized pre-settlement matching solution for hedge funds' equity and fixed-income trades.]]></description>
         <link>http://www.securitiesindustry.com/news/22678-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[T-Zero Says It Exceeds OMG's Credit Derivatives Processing Commitments]]></title>
         <description><![CDATA[T-Zero, provider of a trade affirmation and novation processing platform for credit default swaps, said it has already exceeded many of the targets set by the Operations Management Group.]]></description>
         <link>http://www.securitiesindustry.com/news/22677-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Lab49 To Provide iPhone Users With Financial Applications]]></title>
         <description><![CDATA[Technology consultancy Lab49 has begun developing applications for the Apple iPhone 2.0 platform.]]></description>
         <link>http://www.securitiesindustry.com/news/22676-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[FlexTrade Introduces OMS; Weeden Is First Client]]></title>
         <description><![CDATA[FlexTrade moves into the order management systems business and signs institutional brokerage Weeden as its first client.]]></description>
         <link>http://www.securitiesindustry.com/news/22643-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ESecLending Starts Up RIA to Support U.S. Mutual Funds]]></title>
         <description><![CDATA[ESecLending has created a registered investment adviser to offer cash collateral management solutions to U.S. mutual funds.]]></description>
         <link>http://www.securitiesindustry.com/news/22642-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Tokyo Exchange Struck By Another Systems Glitch]]></title>
         <description><![CDATA[The Tokyo Stock Exchange halted trading of Topix index futures, government bond futures and all options for nearly four hours July 22.]]></description>
         <link>http://www.securitiesindustry.com/news/22641-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[In Final Speech, SEC's Atkins Tackles Shareholder Rights ]]></title>
         <description><![CDATA[In his last public appearance as an SEC member, Paul Atkins urged the agency to proceed with caution on shareholder rights.]]></description>
         <link>http://www.securitiesindustry.com/news/22640-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Eurex Will Offer Central Clearing Service for OTC Derivatives]]></title>
         <description><![CDATA[Eurex is aiming to launch central counterparty services for over-the-counter derivatives during the first half of 2009. ]]></description>
         <link>http://www.securitiesindustry.com/news/22639-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Cisco: Exchanges Need to Become Tech Vendors]]></title>
         <description><![CDATA[Amid growing competition from alternative trading systems, exchanges must actively sell their technology, says a Cisco Systems report.]]></description>
         <link>http://www.securitiesindustry.com/news/22638-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Executive Sponsorship Key to Enterprise Data Management, Says EDM Council]]></title>
         <description><![CDATA[Enterprisewide data integration initiatives are underway at one-third of financial firms, according to an EDM Council survey.]]></description>
         <link>http://www.securitiesindustry.com/news/22636-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Options Exchanges Seek Exemption to Shorting Restrictions]]></title>
         <description><![CDATA[The options exchanges and Options Clearing Corp. have asked for a market-maker exemption to the SEC's short-selling restrictions.]]></description>
         <link>http://www.securitiesindustry.com/news/22635-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Letter Reflects Crackdown on Rumor-Mongering]]></title>
         <description><![CDATA[NYSE Regulation is asking sell-side firms what policies and procedures they have in place to prevent the circulation of false or misleading information.]]></description>
         <link>http://www.securitiesindustry.com/news/22634-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Reopens Controversial Reg SHO Amendment]]></title>
         <description><![CDATA[The SEC has reopened for comment a proposal that would eliminate an exemption to Regulation SHO for options market makers.]]></description>
         <link>http://www.securitiesindustry.com/news/22633-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[House Bill Aims to Expand SEC's Enforcement Authority]]></title>
         <description><![CDATA[A House subcommittee has advanced legislation that would strengthen the enforcement powers of the Securities and Exchange Commission.]]></description>
         <link>http://www.securitiesindustry.com/news/22598-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Northern Trust To Service Auda's Funds of Funds Program]]></title>
         <description><![CDATA[Northern Trust will provide fund administration, custody, banking and foreign exchange services for Auda Hedge's funds of hedge funds program.]]></description>
         <link>http://www.securitiesindustry.com/news/22597-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Seeks to Streamline SRO Rulemaking Process]]></title>
         <description><![CDATA[The Securities and Exchange Commission aims to streamline the approval process for self-regulatory organizations planning to change their rules.]]></description>
         <link>http://www.securitiesindustry.com/news/22596-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Data Governance Emerging as Strategic Imperative, Says Industry Group]]></title>
         <description><![CDATA[Over the next four years, data governance will become a strategic imperative for financial firms, says the IBM Data Governance Council.]]></description>
         <link>http://www.securitiesindustry.com/news/22595-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Creditex, Markit To Launch CDS Compression Platform]]></title>
         <description><![CDATA[Creditex and Markit are introducing a portfolio compression platform for the credit derivatives market.]]></description>
         <link>http://www.securitiesindustry.com/news/22594-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Liquidnet Plans to Go Public]]></title>
         <description><![CDATA[Buy-side block-trading venue Liquidnet has filed for an initial public offering it expects will raise up to $500 million. ]]></description>
         <link>http://www.securitiesindustry.com/news/22593-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Promotes From Within for Deputy Director Slot in Trading and Markets]]></title>
         <description><![CDATA[Effective July 21, Daniel Gallagher will become deputy director in the SEC's division of trading and markets.]]></description>
         <link>http://www.securitiesindustry.com/news/22592-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Dubai To Adopt Nasdaq OMX Platform, Launch Derivatives]]></title>
         <description><![CDATA[The Dubai International Financial Exchange is going live with a trading platform from minority owner Nasdaq OMX.]]></description>
         <link>http://www.securitiesindustry.com/news/22591-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Omgeo Calls for Same-Day Matching]]></title>
         <description><![CDATA[Omgeo is calling for European firms to improve the efficiency of settlement processes by adopting same-day trade verification.]]></description>
         <link>http://www.securitiesindustry.com/news/22576-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fragmenting Europe Getting Two New Trading Platforms]]></title>
         <description><![CDATA[Burgundy and Baikal plan to launch during the first half of 2009, escalating the growing competition in Europe.]]></description>
         <link>http://www.securitiesindustry.com/news/22575-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Scottrade Fined for Failing to Seek Price Improvement]]></title>
         <description><![CDATA[The Securities and Exchange Commission has fined online trading firm Scottrade $950,000.]]></description>
         <link>http://www.securitiesindustry.com/news/22574-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Icap Signs Market Data Pact With FX Solutions]]></title>
         <description><![CDATA[Interdealer brokerage Icap will supply currency data from its EBS spot foreign exchange platform to online forex broker FX Solutions.]]></description>
         <link>http://www.securitiesindustry.com/news/22573-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Qatar Deal Reflects NYSE's Emerging Technology Business]]></title>
         <description><![CDATA[NYSE Euronext is forging a strategic partnership with--and taking a minority stake in--the Doha Securities Market.]]></description>
         <link>http://www.securitiesindustry.com/news/22572-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Post-Restructuring, Netik Launches Fully Managed Data Service]]></title>
         <description><![CDATA[Bank of New York Mellon spin-off Netik has launched a service that allows firms to outsource their entire data management process.]]></description>
         <link>http://www.securitiesindustry.com/news/22571-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[S&amp;P, SuperDerivatives Combine Valuation Services ]]></title>
         <description><![CDATA[SuperDerivatives and Standard &amp; Poor's have forged a sales and marketing alliance, tying together their valuation offerings.]]></description>
         <link>http://www.securitiesindustry.com/news/22555-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[PerTrac Links to SunGard for Funds of Funds]]></title>
         <description><![CDATA[PerTrac is integrating its front- and middle-office platforms with SunGard's investor and portfolio accounting system for fund of hedge funds managers and administrators.]]></description>
         <link>http://www.securitiesindustry.com/news/22554-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Joins Market-Data Bandwagon; Nasdaq Will Introduce European Service]]></title>
         <description><![CDATA[The New York Stock Exchange plans to offer investors--via distributors--a new market data product; Nasdaq OMX says it will launch a European data service.]]></description>
         <link>http://www.securitiesindustry.com/news/22553-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[FIF, Vendors Address Options Symbology Issues]]></title>
         <description><![CDATA[An options subcommittee of the Financial Information Forum is working to help its members migrate to a new 21-character options symbology key.]]></description>
         <link>http://www.securitiesindustry.com/news/22516-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Merrin Says Exchanges Should Link to Liquidnet]]></title>
         <description><![CDATA[The relationship between exchanges and alternative trading systems needs to be rethought, says Liquidnet CEO Seth Merrin.]]></description>
         <link>http://www.securitiesindustry.com/news/22515-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Sifma's Ryan: Strong IT Growth Despite 'Trying Environment']]></title>
         <description><![CDATA[Securities Industry &amp; Financial Markets Association CEO Timothy Ryan predicts strong information technology growth in financial services.]]></description>
         <link>http://www.securitiesindustry.com/news/22514-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SunGard Unveils Suite of Market-Access Solutions]]></title>
         <description><![CDATA[SunGard is offering a collection of connectivity and order routing tools--and customized algorithm development--under the name Brass Liquidity Services.]]></description>
         <link>http://www.securitiesindustry.com/news/22513-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Savvis Expands Low-Latency Offerings]]></title>
         <description><![CDATA[Savvis has opened a second Chicago data center and is offering proximity hosting to London Stock Exchange members at its U.K. facility.]]></description>
         <link>http://www.securitiesindustry.com/news/22512-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Liquidnet Using Coral8 for Market Surveillance]]></title>
         <description><![CDATA[Block trading platform Liquidnet is using event processing technology from Coral8 to identify suspect trading activity in real time.]]></description>
         <link>http://www.securitiesindustry.com/news/22511-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Introduces SFTI Hosted Platform; UNX Is First Vendor]]></title>
         <description><![CDATA[NYSE is unveiling a hosted platform that will allow technology vendors to offer applications and services to market participants on the Secure Financial Transaction Infrastructure.]]></description>
         <link>http://www.securitiesindustry.com/news/22510-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Nasdaq Giving Retail Investors Free Access to Real-Time Market Data]]></title>
         <description><![CDATA[Nasdaq is offering retail investors free access to the last quoted price of securities trades via four major distributors.]]></description>
         <link>http://www.securitiesindustry.com/news/22466-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Euroclear Plans to Acquire Nordic Depository Group]]></title>
         <description><![CDATA[Euroclear will acquire the umbrella group for the Swedish and Finnish securities depositories from its custodian bank owners.]]></description>
         <link>http://www.securitiesindustry.com/news/22465-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BATS Europe Gives Fortis Latest Clearing Deal]]></title>
         <description><![CDATA[Gearing up to open a European venue, BATS Trading has signed an agreement with Fortis clearing subsidiary.]]></description>
         <link>http://www.securitiesindustry.com/news/22464-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Charges Finra Board Member With Fraud]]></title>
         <description><![CDATA[Richard Goble, a Financial Industry Regulatory Authority board member and owner of North American Clearing, has been charged with fraud by the Securities and Exchange Commission.]]></description>
         <link>http://www.securitiesindustry.com/news/22463-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[New Leadership at Townsend Analytics]]></title>
         <description><![CDATA[Townsend Analytics has a new CEO and a link to the New York Stock Exchange's point-in-time electronic cross.]]></description>
         <link>http://www.securitiesindustry.com/news/22445-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[European Central Bank Asks CSDs to Support Target2 Settlement Platform]]></title>
         <description><![CDATA[The European Central Bank has provided new details on the benefits and governance of its proposed Target2Securities pan-European settlement platform.]]></description>
         <link>http://www.securitiesindustry.com/news/22428-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Three Names Circulate for SEC's Deputy Director Position]]></title>
         <description><![CDATA[Three candidates have emerged in the Securities and Exchange Commission's search for a second deputy director for its division of trading and markets.]]></description>
         <link>http://www.securitiesindustry.com/news/22427-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CEP Vendors Teaming With Market Data Technology Providers]]></title>
         <description><![CDATA[Partnerships between event processing technology vendors and suppliers of market data systems are producing a pair of new solutions for data analytics.]]></description>
         <link>http://www.securitiesindustry.com/news/22426-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Euroclear Links to DTCC's Trade Information Warehouse]]></title>
         <description><![CDATA[Euroclear has connected its portfolio reconciliation service for over-the-counter derivatives with the Trade Information Warehouse. ]]></description>
         <link>http://www.securitiesindustry.com/news/22425-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Companies Slow to Take Advantage of SEC's E-proxy Rule]]></title>
         <description><![CDATA[Many issuers are not taking advantage of an SEC rule that makes it easier for public companies to provide proxy materials via the Internet.]]></description>
         <link>http://www.securitiesindustry.com/news/22424-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BNY Mellon Buys Hedge Fund Administrator]]></title>
         <description><![CDATA[Bank of New York Mellon has purchased Lamp Technologies, an alternative investment administrator specializing in funds of hedge funds.]]></description>
         <link>http://www.securitiesindustry.com/news/22389-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Weighing Charges Against JP Morgan for Municipal Bond-Related Violations]]></title>
         <description><![CDATA[JP Morgan has received notice that the SEC is considering civil charges related to bidding in various instruments tied to municipal bonds.]]></description>
         <link>http://www.securitiesindustry.com/news/22388-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[National Financial Offers Advisers New Business-Building Service]]></title>
         <description><![CDATA[Fidelity Investments' National Financial has launched a business-building and training portal. ]]></description>
         <link>http://www.securitiesindustry.com/news/22387-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Sybase Offers Consolidated Source for Market Data ]]></title>
         <description><![CDATA[Sybase introduces a comprehensive market data and analytics package that offers variable speeds to fit users' needs.]]></description>
         <link>http://www.securitiesindustry.com/news/22370-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Fines Firms for Trade-Ahead Audit Trail Violations]]></title>
         <description><![CDATA[NYSE Regulation has fined a handful of Wall Street's largest firms for not providing data about orders sent to the New York Stock Exchange floor.]]></description>
         <link>http://www.securitiesindustry.com/news/22369-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Senate Committee Tells SEC to Ramp Up Supervision of Investment Banks]]></title>
         <description><![CDATA[Senate Banking Committee member Charles Schumer says that a "stronger, more unified regulator" is needed to police investment banks. ]]></description>
         <link>http://www.securitiesindustry.com/news/22368-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SmartPool Seeks New Investors, Selects Clearers]]></title>
         <description><![CDATA[The SmartPool dark book being built by NYSE Euronext, HSBC and BNP Paribas has selected two clearing agents and is in discussions with potential investors.]]></description>
         <link>http://www.securitiesindustry.com/news/22367-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[European Trade Group Issues Agency Lending Disclosure Model]]></title>
         <description><![CDATA[The International Securities Lending Association has issued guidelines on how European lending agents should send borrowers information on the underlying lenders of securities.]]></description>
         <link>http://www.securitiesindustry.com/news/22366-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Wall Street Systems Buys Aleri Banking Unit ]]></title>
         <description><![CDATA[Wall Street Systems has agreed to buy the wholesale banking software division of event processing technology vendor Aleri.]]></description>
         <link>http://www.securitiesindustry.com/news/22331-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Omgeo Wins SEC Approval for TradeSuite E-Confirms]]></title>
         <description><![CDATA[Omgeo has received a no-action letter from the SEC that will let broker-dealer clients of Omgeo TradeSuite eliminate paper-based disclosures associated with trade confirmations.]]></description>
         <link>http://www.securitiesindustry.com/news/22330-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Tokyo Taps NYSE for Options Platform as Trading Technology Competition Heats Up]]></title>
         <description><![CDATA[The Tokyo Stock Exchange, historically reliant on technology from Japanese providers, will implement an options platform from NYSE.]]></description>
         <link>http://www.securitiesindustry.com/news/22329-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Financial Firms Ahead of Business Continuity Curve, Says Survey]]></title>
         <description><![CDATA[A U.K. survey shows that financial services employees better understand their companies' business continuity planning  strategies.]]></description>
         <link>http://www.securitiesindustry.com/news/22309-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fidessa Unveils Liquidity-Access Strategy ]]></title>
         <description><![CDATA[Fidessa says its new initiative will allow buy- and sell-side firms to better manage order flow and access liquidity in a fragmented European market.]]></description>
         <link>http://www.securitiesindustry.com/news/22308-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Official Offers Preview of Rule 12b-1 Overhaul]]></title>
         <description><![CDATA[An official in the agency's division of investment management has provided a preview of the forthcoming reform package.]]></description>
         <link>http://www.securitiesindustry.com/news/22307-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Pair of Executives Leave Fidelity's National Financial]]></title>
         <description><![CDATA[National Financial Services' national sales manager and head of Northeast regional sales have left the firm.]]></description>
         <link>http://www.securitiesindustry.com/news/22306-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Apama, Detica Partnership Produces Market Surveillance Platform]]></title>
         <description><![CDATA[Detica and Progress Software's Apama have teamed on a real-time surveillance platform for exchanges, alternative trading systems and trading desks.]]></description>
         <link>http://www.securitiesindustry.com/news/22305-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ISDA: Credit Derivatives Volumes Continue to Rise, Automation Improves]]></title>
         <description><![CDATA[The credit derivatives market continued to show strong growth in 2007, and post-trade processing has been keeping pace.]]></description>
         <link>http://www.securitiesindustry.com/news/22270-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Knight Forms Join Venture To Offer SMA Services]]></title>
         <description><![CDATA[Knight Capital has formed a joint venture with Clearbrook Financial, a separately managed account platform provider.]]></description>
         <link>http://www.securitiesindustry.com/news/22269-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Labor Gives Northern Trust Go-Ahead to Include Pension Plans in Cross-border Pooling]]></title>
         <description><![CDATA[Northern Trust has received approval to administer cross-border pooled investment vehicles for multinational corporations holding the assets of U.S. pension plans. ]]></description>
         <link>http://www.securitiesindustry.com/news/22268-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Instinet Revamps Algorithms, Connects to Level ATS]]></title>
         <description><![CDATA[A new suite of algorithms combines Instinet's offerings with parent company Nomura's U.S. strategies.]]></description>
         <link>http://www.securitiesindustry.com/news/22237-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[U.S. Now Open to Chinese Retail Investors]]></title>
         <description><![CDATA[An agreement between regulators allows Chinese institutions to invest in the U.S. stock market and investment funds.]]></description>
         <link>http://www.securitiesindustry.com/news/22236-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[RBC Creates Global Prime Services Unit]]></title>
         <description><![CDATA[RBC Capital Markets has formed a unified prime services unit for hedge fund managers, mutual fund managers and other institutional clients.]]></description>
         <link>http://www.securitiesindustry.com/news/22235-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Instinet Inks Distribution Deal With Norbury]]></title>
         <description><![CDATA[Instinet's research sales group will distribute the Norbury Links research automation platform to its institutional clients.]]></description>
         <link>http://www.securitiesindustry.com/news/22234-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Capital IQ Adds Alternative Research From FirstRain]]></title>
         <description><![CDATA[Capital IQ gives clients access to Web research from FirstRain.]]></description>
         <link>http://www.securitiesindustry.com/news/22217-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Nasdaq Options Market Opens, Joins OCC]]></title>
         <description><![CDATA[Shortly after opening for business, Nasdaq's homegrown options exchange said it had joined the Options Clearing Corp. as a member exchange. ]]></description>
         <link>http://www.securitiesindustry.com/news/22216-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Will Offer Electronic Reserve Orders]]></title>
         <description><![CDATA[The New York Stock Exchange plans to introduce two types of reserve orders for electronic entry.]]></description>
         <link>http://www.securitiesindustry.com/news/22198-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[LiquidityHub Closes Down; CME Swaps Gears Up]]></title>
         <description><![CDATA[LiquidityHub, a multidealer swaps trading platform, has ceased operations after five months.]]></description>
         <link>http://www.securitiesindustry.com/news/22197-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Major Trade Groups Commit to Derivatives Processing Improvements]]></title>
         <description><![CDATA[A group of trade associations and major broker-dealers have confirmed their commitment to streamlining trading and processing of credit and equity derivatives.]]></description>
         <link>http://www.securitiesindustry.com/news/22196-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Bovespa and BM&amp;F Reach Merger Agreement]]></title>
         <description><![CDATA[Bovespa and the Brazilian Mercantile &amp; Futures Exchange have agreed to merge, well ahead of the expiration of the negotiation period opened last month.]]></description>
         <link>http://www.securitiesindustry.com/news/22195-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CME Expands OTC Business With Credit Market Analysis Acquisition ]]></title>
         <description><![CDATA[Through its acquisition of Credit Market Analysis, CME has gained two over-the-counter derivatives pricing systems--CMA QuoteVision and CMA DataVision. ]]></description>
         <link>http://www.securitiesindustry.com/news/22193-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Options Symbology Initiative Delayed]]></title>
         <description><![CDATA[The Options Clearing Corp. said that the deadline for U.S.-listed options to adopt 21-character symbols has been extended by six months.]]></description>
         <link>http://www.securitiesindustry.com/news/22160-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Nasdaq OMX Unveils Plans for Pan-European Market]]></title>
         <description><![CDATA[Nasdaq OMX plans to launch a trading and routing platform for the most active European blue-chip stocks.]]></description>
         <link>http://www.securitiesindustry.com/news/22159-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fortis Fund Administrator Plans to Automate Reconciliation Process]]></title>
         <description><![CDATA[Fortis Prime Fund Solutions is phasing in an automated reconciliation platform across its global operations.]]></description>
         <link>http://www.securitiesindustry.com/news/22158-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CME Agrees to Acquire Nymex, Plans to Sell Metals Complex to NYSE]]></title>
         <description><![CDATA[Days after NYSE said it is purchasing CME Group's Metals Complex, CME announces a definitive agreement to acquire the New York Mercantile Exchange.]]></description>
         <link>http://www.securitiesindustry.com/news/22157-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Nyfix's Euro Millennium Goes Live in Rapidly Evolving Market]]></title>
         <description><![CDATA[Euro Millennium opens with two major liquidity providers on board and a list of others in the process of connecting.]]></description>
         <link>http://www.securitiesindustry.com/news/22138-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[State Street Extends Commission Management Services Through Acquisition]]></title>
         <description><![CDATA[State Street Global Markets has expanded its commission management services through the purchase of Financial Sockets. ]]></description>
         <link>http://www.securitiesindustry.com/news/22137-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Arca Routes to Dark Liquidity Pools]]></title>
         <description><![CDATA[NYSE Arca is giving clients access to dark liquidity by routing to select broker-dealers and alternative trading systems.]]></description>
         <link>http://www.securitiesindustry.com/news/22136-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Proposal Would Allow Brokers to Take Client Information to New Job]]></title>
         <description><![CDATA[A new proposal would make it easier for brokers to take client contact information with them when they switch firms. ]]></description>
         <link>http://www.securitiesindustry.com/news/22135-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Regional Bond Dealers Form U.S. Trade Group]]></title>
         <description><![CDATA[Fourteen U.S. bond dealers have formed the Regional Bond Dealers Association. ]]></description>
         <link>http://www.securitiesindustry.com/news/22100-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Nymex and LCH.Clearnet Sign Agreement for Transatlantic Clearing]]></title>
         <description><![CDATA[The New York Mercantile Exchange will offer a range of new global oil, gas and electricity products that will be cleared through London-based LCH.Clearnet.  ]]></description>
         <link>http://www.securitiesindustry.com/news/22099-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CorrectNet Partners With CRM Vendor on Hedge Fund Reporting Solution]]></title>
         <description><![CDATA[CorrectNet has teamed up with ProTrak on a system that will integrate hedge funds' customer data with CorrectNet's Web-based reporting and data aggregation services.]]></description>
         <link>http://www.securitiesindustry.com/news/22098-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[New Latency Measurement Tools From Reuters, TS-Associates]]></title>
         <description><![CDATA[A pair of products designed to measure and monitor latency made their debut this week.]]></description>
         <link>http://www.securitiesindustry.com/news/22097-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[OMX Acquisition Complete, Nasdaq Agrees to Invest in OTC Commodities Platform]]></title>
         <description><![CDATA[Nasdaq OMX Group plans to take a minority interest in Agora-X, an institutional trading platform for OTC commodity contracts.]]></description>
         <link>http://www.securitiesindustry.com/news/22064-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Omgeo To Phase Out Settlement Instruction Database]]></title>
         <description><![CDATA[Omgeo is phasing out its SID standing settlement instructions databases over the next year.]]></description>
         <link>http://www.securitiesindustry.com/news/22063-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Oppenheimer Settles Market-Timing Case for $4.5 Million ]]></title>
         <description><![CDATA[Oppenheimer has agreed to settle charges that it had inadequate supervisory systems and controls in place to prevent market timing of mutual fund shares by its traders.]]></description>
         <link>http://www.securitiesindustry.com/news/22062-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Dark-Pool Liquidity Manager OnePipe Goes Live]]></title>
         <description><![CDATA[Agency brokerage Weeden and its technology partner, Pragma, have launched the OnePipe dark-pool liquidity management system.]]></description>
         <link>http://www.securitiesindustry.com/news/22045-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Oliver Wyman Acquires Research Firm Celent]]></title>
         <description><![CDATA[International consultancy Oliver Wyman has acquired Boston-based financial services research and consulting firm Celent. ]]></description>
         <link>http://www.securitiesindustry.com/news/22044-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Thomson and Reuters Receive Regulatory Go-Ahead for Merger]]></title>
         <description><![CDATA[Thomson has received conditional approval from antitrust authorities for its $15.4 billion acquisition of Reuters.]]></description>
         <link>http://www.securitiesindustry.com/news/22043-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Institutions Leave $12 Billion in Class-Action Funds Unclaimed]]></title>
         <description><![CDATA[The lack of participation by institutional investors in U.S. securities class-action lawsuits has left nearly $12 billion in unclaimed funds on the table.]]></description>
         <link>http://www.securitiesindustry.com/news/22042-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Proposes Online Investment Adviser Brochure ]]></title>
         <description><![CDATA[The SEC has proposed rules requiring investment advisers to deliver a new type of plain-English brochure to clients.]]></description>
         <link>http://www.securitiesindustry.com/news/22005-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[FISD Releases Open-Source Version of MDDL]]></title>
         <description><![CDATA[The Software &amp; Information Industry Association has released an open-source version of the market data definition language.]]></description>
         <link>http://www.securitiesindustry.com/news/22004-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[DTCC Unveils Automated Loan Service]]></title>
         <description><![CDATA[The Depository Trust &amp; Clearing Corp. is planning a suite of services to automate the processing of syndicated commercial loans. ]]></description>
         <link>http://www.securitiesindustry.com/news/22003-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Netik Breaks Off From BNY Mellon, Buys Capco Reference Data Unit]]></title>
         <description><![CDATA[Data warehouse provider Netik has used funding from a private equity firm to spin off from majority-owner Bank of New York Mellon.]]></description>
         <link>http://www.securitiesindustry.com/news/22002-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Bids Connects to LatentZero, Readies NYSE Block-Trading Venture]]></title>
         <description><![CDATA[Further expanding its liquidity sources, Bids is connecting to Fidessa Latent Zero while it prepares its joint venture with NYSE.]]></description>
         <link>http://www.securitiesindustry.com/news/21983-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Trading Metrics Offers Point-to-Point Latency Testing]]></title>
         <description><![CDATA[Trading Metrics says its new application gives firms a comprehensive understanding of their trading operation's data latency. ]]></description>
         <link>http://www.securitiesindustry.com/news/21982-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Deutsche Bank Bolsters Hedge Fund Administration With Acquisition]]></title>
         <description><![CDATA[The consolidation of the hedge fund administration industry continues as Deutsche Bank acquires HedgeWorks.]]></description>
         <link>http://www.securitiesindustry.com/news/21981-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ICE To Purchase OTC Energy Derivatives Platform]]></title>
         <description><![CDATA[IntercontinentalExchange plans to acquire energy derivatives technology company YellowJacket Software for an undisclosed sum.]]></description>
         <link>http://www.securitiesindustry.com/news/21946-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Northern Trust Taps YouDevise for Fund of Funds Recordkeeping]]></title>
         <description><![CDATA[Northern Trust offers funds of hedge funds daily portfolio management data through a partnership with youDevise.]]></description>
         <link>http://www.securitiesindustry.com/news/21945-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Turquoise Chooses Apama-Powered Trade-Monitoring Solution]]></title>
         <description><![CDATA[Multilateral trading facility Turquoise has tapped Progress Apama and Detica to provide a real-time market surveillance system.]]></description>
         <link>http://www.securitiesindustry.com/news/21944-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[FirstRain Applies Analytics to Online Management Information]]></title>
         <description><![CDATA[Search technology company says its FirstRain Management Monitor is a new class of qualitative analytics for professional investors.]]></description>
         <link>http://www.securitiesindustry.com/news/21928-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[IBM Acquires Event Processing Vendor]]></title>
         <description><![CDATA[Seeking to expand its complex event processing capabilities, IBM has purchased privately held CEP vendor AptSoft.]]></description>
         <link>http://www.securitiesindustry.com/news/21927-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Markit Buys Boat From Bank Backers]]></title>
         <description><![CDATA[Markit Group has purchased trade reporting platform Boat from its bank owners for an undisclosed amount.]]></description>
         <link>http://www.securitiesindustry.com/news/21926-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Canada Issues New Soft-Dollar Guidance]]></title>
         <description><![CDATA[Canadian regulators have issued new soft-dollar commission disclosure requirements, which, if adopted, would be stricter than the SEC's.]]></description>
         <link>http://www.securitiesindustry.com/news/21883-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Sifma Names JP Morgan's Ryan CEO]]></title>
         <description><![CDATA[JP Morgan Chase veteran T. Timothy Ryan is the Securities Industry &amp; Financial Markets Association's new CEO.]]></description>
         <link>http://www.securitiesindustry.com/news/21882-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Securities Industry Continues to Feel Credit Crisis Fallout, Says Deloitte]]></title>
         <description><![CDATA[The subprime meltdown will have a major impact on the securities industry in 2008 as firms cope with cost reduction, restructuring and divestiture, says a Deloitte report.]]></description>
         <link>http://www.securitiesindustry.com/news/21881-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Euronext Signs $200 Million Deal for Wombat]]></title>
         <description><![CDATA[NYSE has agreed to buy privately held Wombat Financial Software, a New York-based provider of high-performance data management technology.]]></description>
         <link>http://www.securitiesindustry.com/news/21880-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[DTCC Completes Testing of SMA Service With Citi]]></title>
         <description><![CDATA[Two Citigroup units have completed end-to-end testing of the Depository Trust &amp; Clearing Corp.'s new Managed Accounts Service.]]></description>
         <link>http://www.securitiesindustry.com/news/21862-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BATS Brings On Two Investors]]></title>
         <description><![CDATA[Electronic communications network BATS Trading has added two international banks to its growing roster of investors.]]></description>
         <link>http://www.securitiesindustry.com/news/21861-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ESecLending To Use EquiLend for Operational Work ]]></title>
         <description><![CDATA[ESecLending will offer post-trade administrative services from stock-lending negotiation and auction platform EquiLend.]]></description>
         <link>http://www.securitiesindustry.com/news/21860-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[TSX's Nesbitt Resigns, Named CEO of CIBC World Markets]]></title>
         <description><![CDATA[TSX Group chief executive Richard Nesbitt will step down next month to take the helm at CIBC World Markets.  ]]></description>
         <link>http://www.securitiesindustry.com/news/21859-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Exchanges' Fee Competition Intensifies in New Year]]></title>
         <description><![CDATA[The two largest electronic communications networks and the ISE Stock Exchange have adopted new maker-taker fee schedules.]]></description>
         <link>http://www.securitiesindustry.com/news/21824-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[OMX Purchases Parts of Nord Pool, Aims to Build Leading Carbon Market]]></title>
         <description><![CDATA[Stockholm-based exchange operator OMX has agreed to purchase the consulting and clearing units and international derivatives products of Nord Pool of Oslo for about $412 million.]]></description>
         <link>http://www.securitiesindustry.com/news/21823-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fragmentation In Sight, Knight Bolsters European Electronic Services ]]></title>
         <description><![CDATA[Knight plans to launch a family of algorithms and direct-market access for the European markets.]]></description>
         <link>http://www.securitiesindustry.com/news/21821-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BATS: Decision on European Expansion Imminent]]></title>
         <description><![CDATA[BATS Trading will over the next few months decide whether to carry its state-of-the-art technology and low-cost formula to the European financial market.]]></description>
         <link>http://www.securitiesindustry.com/news/21820-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Euronext Agrees to Take Atos' AEMS Stake]]></title>
         <description><![CDATA[NYSE Euronext has agreed to acquire Atos Origin's 50 percent stake in AtosEuronext Market Solutions for EUR275 million.]]></description>
         <link>http://www.securitiesindustry.com/news/21797-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Penson Adopts FTen Compliance Solution]]></title>
         <description><![CDATA[Penson will use FTen's TradeXaminer to monitor orders stemming from its new, sponsored-access execution service, and potentially orders sent through the clearing broker's own routing system.]]></description>
         <link>http://www.securitiesindustry.com/news/21796-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Broadridge Offers Distribution System for Fixed-Income Traders]]></title>
         <description><![CDATA[Broadridge's Aspire Trader fixed-income products distribution system lets trading desks automate delivery from new issuance to retail trading through multiple sales channels.]]></description>
         <link>http://www.securitiesindustry.com/news/21795-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Eze Castle Integration Introduces Iron Mountain-Powered Backup System]]></title>
         <description><![CDATA[Eze Castle Integration has partnered with records management specialist Iron Mountain on a new online backup and recovery service for hedge funds and investment firms.]]></description>
         <link>http://www.securitiesindustry.com/news/21752-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Aleri Consolidates Real-Time Liquidity Across Fragmented Market]]></title>
         <description><![CDATA[Event processing technology provider Aleri has launched a tool that measures the real-time depth of liquidity for specific securities across multiple execution venues.]]></description>
         <link>http://www.securitiesindustry.com/news/21751-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Markit To Acquire SwapsWire OTC Derivatives Platform]]></title>
         <description><![CDATA[Continuing its recent acquisition spree, Markit has agreed to buy London-based SwapsWire, an OTC derivatives confirmation platform, for an undisclosed price.]]></description>
         <link>http://www.securitiesindustry.com/news/21750-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Mackenzie Matching Canadian Trades on Omgeo CTM]]></title>
         <description><![CDATA[Toronto-based fund manager Mackenzie Financial has begun processing domestic and cross-border transactions in Canadian securities via Omgeo's Central Trade Manager.]]></description>
         <link>http://www.securitiesindustry.com/news/21749-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fidelity Bolsters Liquidity Network for Anonymous Trading]]></title>
         <description><![CDATA[In a move to improve the execution rates of its dark book and liquidity aggregation algorithm services, Fidelity has signed on 13 new trading partners.]]></description>
         <link>http://www.securitiesindustry.com/news/21748-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Ipreo Acquires Institutional CRM Specialist]]></title>
         <description><![CDATA[Electronic new-issue platform and data vendor Ipreo has acquired New York-based NSight, which offers enterprise-level customer relationship management software and services to financial firm.]]></description>
         <link>http://www.securitiesindustry.com/news/21747-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Bids Agrees to Connect to First OMS]]></title>
         <description><![CDATA[Bids Trading, continuing to build up its list of order flow providers, has announced plans to connect to Linedata Services' LongView Trading order management system.]]></description>
         <link>http://www.securitiesindustry.com/news/21746-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[TradingScreen Introduces Algorithmic Hub for Futures]]></title>
         <description><![CDATA[TradingScreen has launched a futures algorithmic hub that enables buy-side clients to trade across multiple futures commission merchants, markets and financial products on a single screen. ]]></description>
         <link>http://www.securitiesindustry.com/news/21745-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[With Transparency Caveat, Australian Regulators Propose Allowing ATSs]]></title>
         <description><![CDATA[Australian regulators have proposed new rules that will expose the Australian Stock Exchange to competition from alternative trading systems--if market transparency requirements are satisfied.]]></description>
         <link>http://www.securitiesindustry.com/news/21744-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Interactive Brokers Buys FutureTrade to Build Prime Services]]></title>
         <description><![CDATA[In a bid to bolster its nascent prime brokerage business, Interactive Brokers Group is acquiring FutureTrade Technologies for an undisclosed sum.]]></description>
         <link>http://www.securitiesindustry.com/news/21743-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citigroup, Saxo Team for Retail Forex Platform]]></title>
         <description><![CDATA[Citigroup and Saxo Bank are introducing a foreign exchange trading platform that will offer retail investors access, tools and data on a par with those available to large institutional investors.]]></description>
         <link>http://www.securitiesindustry.com/news/21742-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Knight Accelerates E-trading Push With EdgeTrade Acquisition ]]></title>
         <description><![CDATA[Advancing its expansion into electronic trading, Knight Capital is acquiring EdgeTrade, an agency brokerage that has received recent acclaim for its liquidity-aggregating algorithms.]]></description>
         <link>http://www.securitiesindustry.com/news/21741-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Reuters Adds Market Data to Stream Processing Development Platform]]></title>
         <description><![CDATA[Reuters and StreamBase have released a development platform that makes it easier to build applications such as high-speed trading algorithms that leverage Reuters' market data system feeds.]]></description>
         <link>http://www.securitiesindustry.com/news/21706-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Nyfix Chooses Shadow to Grow Its European ATS]]></title>
         <description><![CDATA[Nyfix will use software from Shadow Financial Systems to process the cash-equity trades executed over its Euro-Millennium alternative trading system.]]></description>
         <link>http://www.securitiesindustry.com/news/21705-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[OppenheimerFunds Uses Automated Recall Service]]></title>
         <description><![CDATA[Mutual fund giant OppenheimerFunds is using a service from Cogent Consulting that automates the tracking of lent securities and recalls them before material corporate events.]]></description>
         <link>http://www.securitiesindustry.com/news/21704-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[DIFC Investment Arm Buys SmartStream]]></title>
         <description><![CDATA[The Dubai International Financial Center's investment unit has agreed to acquire workflow automation provider SmartStream Technologies from TA Associates for GBP200 million in cash.]]></description>
         <link>http://www.securitiesindustry.com/news/21703-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Subprime Problems Trigger Targeted Exams From Finra]]></title>
         <description><![CDATA[Broker-dealers with significant subprime market exposure are subject to targeted examinations, according to Financial Industry Regulatory Authority CEO Mary Schapiro.]]></description>
         <link>http://www.securitiesindustry.com/news/21687-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Acknowledging Credit Challenges, Sifma's Lackritz Remains 'Bullish']]></title>
         <description><![CDATA[Sifma CEO Marc Lackritz called the downturn in the credit markets the biggest market-practices challenge his organization faced this year, but cited positive developments as a reason for enthusiasm. ]]></description>
         <link>http://www.securitiesindustry.com/news/21686-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Townsend Links to BNP Paribas; Adds MiFID Functionality]]></title>
         <description><![CDATA[Execution management systems provider Townsend Analytics has added BNP Paribas to its growing multibroker network.]]></description>
         <link>http://www.securitiesindustry.com/news/21685-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[MarketAxess Revenues Down, CDS Volume Up]]></title>
         <description><![CDATA[MarketAxess' net income was $2.4 million in the third quarter, up from $1.3 million in the same period last year, but down from $3.6 million last quarter. ]]></description>
         <link>http://www.securitiesindustry.com/news/21648-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Truviso Algorithmic Platform Uses SQL-Based Event Processing ]]></title>
         <description><![CDATA[Truviso is emerging from stealth mode with a platform for the development, testing, execution and evaluation of proprietary algorithmic trading strategies.]]></description>
         <link>http://www.securitiesindustry.com/news/21647-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Tullett Hires ABN Amro Team to Run Consolidated E-Broking Unit]]></title>
         <description><![CDATA[Tullett Prebon has appointed Paul Humphrey CEO of Tullett Prebon Electronic Broking, a newly created division that brings the firm's e-broking business under one umbrella. ]]></description>
         <link>http://www.securitiesindustry.com/news/21646-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Vhayu Bolsters Market Data Platform for Best Execution]]></title>
         <description><![CDATA[To help financial firms comply with the best-execution requirements of Reg NMS and MiFID, Vhayu has introduced an enhanced version of its Velocity market data platform.]]></description>
         <link>http://www.securitiesindustry.com/news/21645-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Optimization Algo Enhances BNY ConvergEx Transition Management]]></title>
         <description><![CDATA[A new algorithm lets BNY ConvergEx's transition management unit create customized execution strategies that reduce trading costs and portfolios' exposure to risk.]]></description>
         <link>http://www.securitiesindustry.com/news/21629-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[OMX Bond Unit Slated for Next Year]]></title>
         <description><![CDATA[OMX is consolidating its bond business into a single fixed-income division.]]></description>
         <link>http://www.securitiesindustry.com/news/21628-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Managing Reference Data Still Priority: AIM Survey]]></title>
         <description><![CDATA[A desire to reduce errors and operational risk continues to drive firms to improve the quality of their reference data, according to a survey.]]></description>
         <link>http://www.securitiesindustry.com/news/21627-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Reuters Launches .x Quote and Trade Reporting Service]]></title>
         <description><![CDATA[In anticipation of MiFID, Reuters has introduced a service that consolidates best bid and offer across European exchanges.]]></description>
         <link>http://www.securitiesindustry.com/news/21626-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Finra To Investigate Proxy Suppression Fees for SMAs]]></title>
         <description><![CDATA[The Financial Industry Regulatory Authority is taking a closer look at the suppression fees that issuers pay financial intermediaries.]]></description>
         <link>http://www.securitiesindustry.com/news/21609-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Shenzhen Opens Communication With Nasdaq, OMX ]]></title>
         <description><![CDATA[In a move to increase cooperation with foreign securities markets, the Shenzhen Stock Exchange has signed MOUs with Nasdaq and OMX.]]></description>
         <link>http://www.securitiesindustry.com/news/21608-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Swift Prepares New Proxy Voting Messages ]]></title>
         <description><![CDATA[Swift will introduce eight new message formats to automate meeting notification and proxy voting processes in the cross-border market.]]></description>
         <link>http://www.securitiesindustry.com/news/21602-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Agency Broker UNX Offers Service Bureau]]></title>
         <description><![CDATA[Direct-market access execution specialist UNX will provide its order execution and algorithmic trading services as a service bureau offering for the sell side.]]></description>
         <link>http://www.securitiesindustry.com/news/21601-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Icap Acquires Forex Vendor Traiana]]></title>
         <description><![CDATA[Interdealer broker Icap has expanded its post-trade processing operations with a $247 million takeover of Traiana.]]></description>
         <link>http://www.securitiesindustry.com/news/21584-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Thomson and Paladyne in Real-Time Market Data Alliance ]]></title>
         <description><![CDATA[Paladyne will provide the Thomson DataFeed real-time market and pricing data service directly to its customers.]]></description>
         <link>http://www.securitiesindustry.com/news/21583-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Total Portfolio Value Messages Expected by Year-end 2008]]></title>
         <description><![CDATA[A messaging standard designed to allow fund administrators to provide end-of-day fund prices to managers is moving closer to launch. ]]></description>
         <link>http://www.securitiesindustry.com/news/21566-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[New Avistar System Outsources Video Collaboration]]></title>
         <description><![CDATA[Avistar has introduced a turnkey, enterprisewide service that enables video communications and data-sharing on desktops. ]]></description>
         <link>http://www.securitiesindustry.com/news/21565-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Euroclear Sets Testing Date for Common Communications Interface]]></title>
         <description><![CDATA[As part of Euroclear's move to a single operating system, customers of the Euroclear depositories will in June 2008 begin testing the interface.]]></description>
         <link>http://www.securitiesindustry.com/news/21564-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Reuters Launches Enterprise Data Management Platform]]></title>
         <description><![CDATA[The information vendor is moving into the data management business with the launch of Reuters Enterprise Platform.]]></description>
         <link>http://www.securitiesindustry.com/news/21563-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Second Phase of SwiftNet Migration Ahead of Target ]]></title>
         <description><![CDATA[The migration of financial firms onto the second-phase version of the SwiftNet network is proceeding ahead of schedule, according to Swift figures.]]></description>
         <link>http://www.securitiesindustry.com/news/21562-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[It May Pay to Fight Finra, Says Law Firm Survey ]]></title>
         <description><![CDATA[Broker-dealers who litigate against the Financial Industry Regulatory Authority have a 22 percent chance of winning their case, says a study.]]></description>
         <link>http://www.securitiesindustry.com/news/21561-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Clearstream, Euroclear Collaborate on Asset Servicing Standards]]></title>
         <description><![CDATA[The rival international depositories are teaming with a new industry group to establish standards for the issuance and servicing of international securities.]]></description>
         <link>http://www.securitiesindustry.com/news/21520-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Credit Derivatives Up 32 Percent, Says ISDA ]]></title>
         <description><![CDATA[Outstanding volume in the credit derivatives market reached $45.46 trillion as of June 30.]]></description>
         <link>http://www.securitiesindustry.com/news/21518-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Avox Adds Collateral Monitoring to Counterparty Data Services]]></title>
         <description><![CDATA[Counterparty data management company Avox is expanding its services to include collateral monitoring.]]></description>
         <link>http://www.securitiesindustry.com/news/21517-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[London Investors Poised to Join Action Against Bear Stearns]]></title>
         <description><![CDATA[Investors are expected to join an arbitration claim filed in the U.S. against Bear for allegedly misrepresenting the risk and return of two failed hedge funds.]]></description>
         <link>http://www.securitiesindustry.com/news/21516-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Euroclear Enters OTC Exposure Management]]></title>
         <description><![CDATA[A new Euroclear service reduces valuation and collateral disputes, operational costs and errors in exposure calculations.]]></description>
         <link>http://www.securitiesindustry.com/news/21499-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Technology Crossover Ventures Takes Stake in TradingScreen]]></title>
         <description><![CDATA[Venture capital firm TCV has added trading platform provider TradingScreen to its portfolio.]]></description>
         <link>http://www.securitiesindustry.com/news/21498-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fidessa Gears Up for MiFID Compliance]]></title>
         <description><![CDATA[A suite of services from Fidessa is designed to help brokerage firms address the EU directive's data transparency requirements.]]></description>
         <link>http://www.securitiesindustry.com/news/21497-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Advent Upgrades Two Investment Management Platforms]]></title>
         <description><![CDATA[Advent Software has released new versions of Geneva for portfolio accounting and APX for portfolio management.]]></description>
         <link>http://www.securitiesindustry.com/news/21455-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Cuts Fees, Countering Volume-Share Decline]]></title>
         <description><![CDATA[NYSE is changing its fee schedules as it seeks to regain its sagging share of equity executions.]]></description>
         <link>http://www.securitiesindustry.com/news/21454-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Cleanup Complete, China To Let Foreign Brokerages Back In]]></title>
         <description><![CDATA[Chinese regulators will soon lift the ban on foreign investment in the country's securities industry.]]></description>
         <link>http://www.securitiesindustry.com/news/21452-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Instinet in Algorithmic Access Deals With Three Firms]]></title>
         <description><![CDATA[Instinet offers direct access to the algorithms, ATSs and trading desks of Bank of America, Credit Suisse and Goldman Sachs. ]]></description>
         <link>http://www.securitiesindustry.com/news/21451-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SmartStream Plans IPO on London Exchange]]></title>
         <description><![CDATA[Workflow automation provider SmartStream Technologies is preparing an October IPO on the London Stock Exchange.]]></description>
         <link>http://www.securitiesindustry.com/news/21450-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Boston Exchange Closes BeX, Citing Lack of Volume]]></title>
         <description><![CDATA[BSE's discontinuation of its subsidiary equities exchange may signal the beginning of a shakeout of automated equity execution venues.]]></description>
         <link>http://www.securitiesindustry.com/news/21449-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Swift Unveils MiFID-Compliant Messages]]></title>
         <description><![CDATA[Swift has introduced four message standards to help its members comply with MiFID's post-trade reporting requirements.]]></description>
         <link>http://www.securitiesindustry.com/news/21447-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Winnipeg Deal Completed, ICE Promotes From Within]]></title>
         <description><![CDATA[IntercontinentalExchange has promoted Winnipeg Commodity Exchange SVP William Hill to president and COO.]]></description>
         <link>http://www.securitiesindustry.com/news/21407-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Buy-Side Firms Seeking Multi-asset Portfolio Systems]]></title>
         <description><![CDATA[An Aite report explores the take-up of multi-asset portfolio management systems by investment managers.]]></description>
         <link>http://www.securitiesindustry.com/news/21406-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Tokyo Turns to NYSE as Technology Adviser ]]></title>
         <description><![CDATA[NYSE will provide the Tokyo Stock Exchange with technical assistance as it seeks to upgrade its infrastructure.]]></description>
         <link>http://www.securitiesindustry.com/news/21402-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[OptionsXpress' Kalt Moving On; Fisher Will Be CEO]]></title>
         <description><![CDATA[David Fisher will replace David Kalt as chief executive of the online brokerage on Sept. 30.]]></description>
         <link>http://www.securitiesindustry.com/news/21396-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Regulators Sought Out Sentinel's Solution With Citadel]]></title>
         <description><![CDATA[CME and a cadre of regulators played an integral role in finding a buyer for the assets of Sentinel Management.]]></description>
         <link>http://www.securitiesindustry.com/news/21391-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BATS Inverts Fees Again, Aims at Listed Market]]></title>
         <description><![CDATA[Seeking to repeat the success of its January fee special, BATS Trading will pay liquidity providers $0.0034 per share.]]></description>
         <link>http://www.securitiesindustry.com/news/21390-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[China Takes Regulatory Steps to Bring Futures Closer]]></title>
         <description><![CDATA[The China Securities Regulatory Commission has revealed its regulatory framework for financial futures.]]></description>
         <link>http://www.securitiesindustry.com/news/21388-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ICE Signs $47 Million Deal for Canadian Exchange]]></title>
         <description><![CDATA[IntercontinentalExchange expects to complete its acquisition of the Winnipeg Commodity Exchange by the end of this quarter.]]></description>
         <link>http://www.securitiesindustry.com/news/21387-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fixed Income in the Future for Nasdaq's Portal ]]></title>
         <description><![CDATA[Live private equity trading on the Portal system is the first instance of electronic trading of unregistered Rule 144A securities among multiple sell- and buy-side firms.]]></description>
         <link>http://www.securitiesindustry.com/news/21348-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Ups Ante With Latest Stock-Loan Fine]]></title>
         <description><![CDATA[Janney Montgomery was fined $2.5 million for transactions designed to capture wider spreads for the firm and other stock-loan participants.]]></description>
         <link>http://www.securitiesindustry.com/news/21346-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[JP Morgan Analytics Unit Bolsters Institutional Data Offering]]></title>
         <description><![CDATA[Enhanced analytics will provide new levels of detail for portfolio-managing clients that want to use their own accounting and custody data.]]></description>
         <link>http://www.securitiesindustry.com/news/21345-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Goldman Is Second Investor in Direct Edge ECN]]></title>
         <description><![CDATA[The Direct Edge electronic communications network is taking a step closer to independence by bringing in Goldman Sachs as a co-owner.]]></description>
         <link>http://www.securitiesindustry.com/news/21339-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ESpeed Chief Sees Favorable Merger Outlook, Patent Ruling]]></title>
         <description><![CDATA[Quarterly revenues were flat, but combination with BGC is seen as "substantially accretive."]]></description>
         <link>http://www.securitiesindustry.com/news/21338-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[LCH.Clearnet in Collateral Management Deal With Euroclear]]></title>
         <description><![CDATA[Mutual clients can outsource much of their collateral management to cover clearing margin obligations.]]></description>
         <link>http://www.securitiesindustry.com/news/21336-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Binary Options Are Latest in String of New USFE Products]]></title>
         <description><![CDATA[The U.S. Futures Exchange will offer weekly binary options that allow investors to take positions on the performance of single assets.]]></description>
         <link>http://www.securitiesindustry.com/news/21335-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[AML Specialist Norkom Makes Growth-Seeking Acquisition]]></title>
         <description><![CDATA[Anti-money-laundering systems vendor Norkom's purchase of Digital Harbor furthers the consolidation trend in that growing market.]]></description>
         <link>http://www.securitiesindustry.com/news/21313-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CheckFree Deal Brings Fiserv Investment Systems Foothold]]></title>
         <description><![CDATA[Technology systems and services provider Fiserv will gain a growing investment services business through its acquisition of CheckFree.]]></description>
         <link>http://www.securitiesindustry.com/news/21311-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Kershner Trading Acquires Market-Scan Technology]]></title>
         <description><![CDATA[Taking ownership of a market-scanning tool used by customers of its proprietary trading platform, Kershner has acquired Insight Trading.]]></description>
         <link>http://www.securitiesindustry.com/news/21310-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Australian Regulator Considers ATSs; Liquidnet Is One]]></title>
         <description><![CDATA[Applications from two proposed alternative trading systems have prompted a call for comment on competition for market services.]]></description>
         <link>http://www.securitiesindustry.com/news/21309-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Swift Outsources BIC Work to Avox]]></title>
         <description><![CDATA[Swift has tapped Avox to help clean and maintain data records in its bank identification code database for the next three years.]]></description>
         <link>http://www.securitiesindustry.com/news/21306-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Approves SRO Merger]]></title>
         <description><![CDATA[The broker-dealer oversight functions of NASD and NYSE Regulation will be consolidated into a single entity, the Financial Industry Regulatory Authority.]]></description>
         <link>http://www.securitiesindustry.com/news/21305-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citigroup and the Hartford Pay Up for Market Timing]]></title>
         <description><![CDATA[In a sign that regulators aren't finished pursuing market-timing violations, Citigroup and the Hartford have been fined for permitting improper trading.]]></description>
         <link>http://www.securitiesindustry.com/news/21304-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Nasdaq Sells Premium Data Products Through DataStore]]></title>
         <description><![CDATA[Nasdaq DataStore offers a range of stock exchange data to individual and institutional investors for direct purchase online.]]></description>
         <link>http://www.securitiesindustry.com/news/21303-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Pershing To Offer Neovest System for Electronic Executions]]></title>
         <description><![CDATA[Pershing will give its broker-dealer correspondents access to Neovest's multi-asset-class, multinational execution system.]]></description>
         <link>http://www.securitiesindustry.com/news/21302-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Advent International Buys Control of Sophis]]></title>
         <description><![CDATA[Advent has acquired a majority stake in Sophis, a Paris-based provider of cross-asset, front-to-back portfolio and risk management software.]]></description>
         <link>http://www.securitiesindustry.com/news/21301-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[LSE Hedge Fund Listing Plan Comes With Risks]]></title>
         <description><![CDATA[The London Stock Exchange will allow hedge funds and private equity funds to be listed on a new Specialist Fund Market beginning in November.]]></description>
         <link>http://www.securitiesindustry.com/news/21300-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ITG Opens Continuous Match System in Canada]]></title>
         <description><![CDATA[Agency brokerage Investment Technology Group has launched its Match Now alternative market for Canadian equities.]]></description>
         <link>http://www.securitiesindustry.com/news/21299-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Vendors Give Loan Hub Input, Get Free Cusip Data]]></title>
         <description><![CDATA[LSTA will consider vendors' responses to a proposed messaging hub for data on syndicated loan deals and trading.]]></description>
         <link>http://www.securitiesindustry.com/news/21298-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[GlobeOp IPO on Hold After Lawsuit]]></title>
         <description><![CDATA[A lawsuit against GlobeOp Financial Services could become a test case for defining service providers' liability for the failures of their clients.]]></description>
         <link>http://www.securitiesindustry.com/news/21297-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Standard &amp; Poor's Increases Compustat Xpressfeed Deliveries]]></title>
         <description><![CDATA[Standard &amp; Poor's is offering multiple daily updates of its Xpressfeed data, previously delivered once a day.]]></description>
         <link>http://www.securitiesindustry.com/news/21296-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citi To Pay $680 Million for ATD]]></title>
         <description><![CDATA[Citigroup will acquire electronic trading firm Automated Trading Desk in a deal expected to close in the third quarter.]]></description>
         <link>http://www.securitiesindustry.com/news/21295-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Icap Adds Currency Pair; FXMarketSpace in STP Linkage]]></title>
         <description><![CDATA[Two rivals in foreign exchange e-trading announce platform enhancements.]]></description>
         <link>http://www.securitiesindustry.com/news/21294-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Exchanges and Infrastructure Bodies Take Interoperability Step]]></title>
         <description><![CDATA[Associations representing exchanges, clearinghouses and depositories have agreed on guidelines for ensuring open access and interoperability.]]></description>
         <link>http://www.securitiesindustry.com/news/21293-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SWX Unveils Three-Year High-Performance Program]]></title>
         <description><![CDATA[SWX Group announced an automation and capacity-expansion initiative that will unfold in four phases over the next three years.]]></description>
         <link>http://www.securitiesindustry.com/news/21292-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[AML-Compliance Combo: Nice Acquiring Actimize]]></title>
         <description><![CDATA[As a result of its $280 million acquisition of AML vendor Actimize, Nice will offer "cross-channel" analytical capabilities.]]></description>
         <link>http://www.securitiesindustry.com/news/21291-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ITG Opens Continuous Match System in Canada ]]></title>
         <description><![CDATA[July 16, 2007 - Agency brokerage Investment Technology Group (ITG), which is known for a range of trading and market-access technologies including the international Posit crossing product, announced the launch of its Match Now alternative market for Canadian equities. The latest of a series of new entrants vying for equities orders north of the border, Match Now is an offering of TriAct Canada Marketplace, which is a subsidiary of New York-based ITG&#146;s ITG Canada Corp. It&#133;]]></description>
         <link>http://www.securitiesindustry.com/news/20978-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Reuters Upgrades Pricing Services for OTC Derivatives ]]></title>
         <description><![CDATA[Companies valuing interest rate and credit derivatives have a new competitor.]]></description>
         <link>http://www.securitiesindustry.com/news/20958-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Bloomberg and NumeriX Team Up for Derivatives Pricing]]></title>
         <description><![CDATA[Bloomberg Professional subscribers get a package of real-time, independent pricing and risk analytics for OTC products.]]></description>
         <link>http://www.securitiesindustry.com/news/20921-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[DTCC Signs MOU in India, Euroclear With China]]></title>
         <description><![CDATA[Leading depositories ink latest in a series of cooperation deals with fast-growing emerging market infrastructures.]]></description>
         <link>http://www.securitiesindustry.com/news/20919-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Markit Trade Processing Adds Electronic Affirmations]]></title>
         <description><![CDATA[Markit Group says three dealers have signed up for its latest OTC workflow enhancement.]]></description>
         <link>http://www.securitiesindustry.com/news/20912-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ISE Bows to Penny-Pilot Pressures ]]></title>
         <description><![CDATA[The International Securities Exchange, for the second time this year, has sliced a fee applied to options classes in the penny-increment pilot.]]></description>
         <link>http://www.securitiesindustry.com/news/20869-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Global Custodians Call for Corporate Actions Standard]]></title>
         <description><![CDATA[The Association of Global Custodians has recommended adoption of an international messaging standard to improve processing of corporate actions.]]></description>
         <link>http://www.securitiesindustry.com/news/20732-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Apama Algo Trading Integrated With Dow Jones' Electronic Feed]]></title>
         <description><![CDATA[Progress Software's Apama division has become the first algorithmic trading vendor to integrate its systems with the Dow Jones Elementized News Feed.]]></description>
         <link>http://www.securitiesindustry.com/news/20729-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Plan Sponsors Favor More Soft-Dollar Disclosure: Survey]]></title>
         <description><![CDATA[A survey shows that plan sponsors want more disclosure on how their soft-dollar commissions are being spent than investment managers want to give them.]]></description>
         <link>http://www.securitiesindustry.com/news/20671-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[State Street To Buy Investors Financial]]></title>
         <description><![CDATA[Boston-based State Street Corp. says the purchase of crosstown rival Investors Financial Services Corp. will make it the largest hedge fund administrator.]]></description>
         <link>http://www.securitiesindustry.com/news/19539-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citigroup Links to Euroclear and Clearstream]]></title>
         <description><![CDATA[Citigroup said it has linked CitiConnect for Securities to the automated settlement platforms of Euroclear Bank and Clearstream.]]></description>
         <link>http://www.securitiesindustry.com/news/18688-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BCBS and IOSCO Review Basel II]]></title>
         <description><![CDATA[18 June 2004]]></description>
         <link>http://www.securitiesindustry.com/news/13333-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[HSBC Joins Townsend's Global Multi-broker Network]]></title>
         <description><![CDATA[Lehman's subsidiary adds bank noted for its global, multi-asset trading-platform strategy.]]></description>
         <link>http://www.securitiesindustry.com/news/20949-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Credit Suisse Tops Another Algo Ranking]]></title>
         <description><![CDATA[Credit Suisse Advanced Execution Services, an algorithmic trading business that has repeatedly ranked number one in market-research surveys, has come out on top in that category in a survey just completed by IDC affiliate Financial Insights.]]></description>
         <link>http://www.securitiesindustry.com/news/20868-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[LSE Could Add Fixed-Income Platform via Borsa Italiana]]></title>
         <description><![CDATA[Just as the London exchange and Borsa Italiana disclosed they are in merger discussions, the Milan market took steps to acquire 100 perecent ownership of MTS.]]></description>
         <link>http://www.securitiesindustry.com/news/20867-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Exchange Must Have Technology Mentality: Niederauer]]></title>
         <description><![CDATA[With technology at the heart of its consolidation and integration strategies, NYSE Euronext will manage itself more and more as a technology-driven business, Duncan Niederauer, president and co-COO of the New York Stock Exchange&amp;rsquo;s parent company, said today at the Securities Industry &amp; Financial Markets Association&amp;rsquo;s Technology Management Conference.]]></description>
         <link>http://www.securitiesindustry.com/news/20859-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Derivative Innovation Potential Barely Realized: Lutnick]]></title>
         <description><![CDATA[Cantor CEO Howard Lutnick said that for all the progress the securities industry has made in electronic trading, the future possibilities are limitless.]]></description>
         <link>http://www.securitiesindustry.com/news/20854-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ICE in Exclusive Index License Deal With Russell]]></title>
         <description><![CDATA[IntercontinentalExchange has obtained rights from Russell Investment Group to add prominent benchmark-based contracts to its portfolio of indexed products.]]></description>
         <link>http://www.securitiesindustry.com/news/20843-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Swift Admits Regulators as Members]]></title>
         <description><![CDATA[The Swift financial messaging cooperative has created a new participant category for financial market regulators.]]></description>
         <link>http://www.securitiesindustry.com/news/20821-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SS&amp;C Files for $200 Million IPO]]></title>
         <description><![CDATA[SS&amp;C Holdings has filed with the SEC for an initial public offering of $200 million of common stock to be listed on the Nasdaq Global Market.]]></description>
         <link>http://www.securitiesindustry.com/news/20744-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BNY ConvergEx Consolidating Commission Management]]></title>
         <description><![CDATA[Bank of New York spin-off BNY ConvergEx is consolidating five commission management processing systems into a single utility by year-end.]]></description>
         <link>http://www.securitiesindustry.com/news/20718-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Nomura Executives Named Co-CEOs and Chairman at Instinet]]></title>
         <description><![CDATA[Four months since Instinet was acquired by Nomura Holdings, people with Nomura backgrounds have been installed in place of the agency brokerage's co-CEOs.]]></description>
         <link>http://www.securitiesindustry.com/news/20683-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Project Boat Adds Five Clients]]></title>
         <description><![CDATA[The London-based Boat trade reporting consortium has added as clients Barclays Capital, BNP Paribas, Dresdner Kleinwort, JP Morgan and Royal Bank of Scotland.]]></description>
         <link>http://www.securitiesindustry.com/news/20682-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Macek Interim CEO of DTCC's European Clearinghouse]]></title>
         <description><![CDATA[Depository Trust &amp; Clearing Corp. has named Richard Macek interim CEO of EuroCCP.]]></description>
         <link>http://www.securitiesindustry.com/news/20651-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ICE Acquiring ChemConnect Trading Platform]]></title>
         <description><![CDATA[Atlanta's IntercontinentalExchange will acquire the commodity trading business of ChemConnect in an all-cash deal expected to be completed next month.]]></description>
         <link>http://www.securitiesindustry.com/news/20640-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[USFE To List Credit Derivative Futures]]></title>
         <description><![CDATA[The U.S. Futures Exchange will list credit derivative futures on federal agency debentures, starting with a product in the fourth quarter.]]></description>
         <link>http://www.securitiesindustry.com/news/20639-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Cantor Affiliates' Merger To Create a $1 Billion Company]]></title>
         <description><![CDATA[In the latest structural twist of the Cantor Fitzgerald corporate saga, the New York firm's BGC Partners and eSpeed spin-offs are to be merged.]]></description>
         <link>http://www.securitiesindustry.com/news/20589-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SwapsWire Goes Live in Korea]]></title>
         <description><![CDATA[Over-the-counter derivatives confirmation platform SwapsWire has gone live at Korean units of interdealer brokerages Tullett Prebon and BGC Partners.]]></description>
         <link>http://www.securitiesindustry.com/news/20577-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Swift Reports Strong Results, Plans to Hire 400]]></title>
         <description><![CDATA[Swift increased messaging traffic 13.7 percent last year, driving revenues up 5 percent and enabling the return of EUR65 million in rebates and other benefits.]]></description>
         <link>http://www.securitiesindustry.com/news/20567-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Nasdaq Stresses Tech Prowess in $3.7 Billion Deal for OMX]]></title>
         <description><![CDATA[Nasdaq CEO Robert Greifeld characterized the merger with OMX as a transformational transaction centered on a mix of technologies and globe-spanning businesses.]]></description>
         <link>http://www.securitiesindustry.com/news/20538-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Adds 1,000 New Issues to Bonds Platform]]></title>
         <description><![CDATA[NYSE Euronext has made 1,000 new securities eligible for trading on the NYSE Bonds fixed-income trading platform.]]></description>
         <link>http://www.securitiesindustry.com/news/20517-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CheckFree Buying Investment Management Software Firm]]></title>
         <description><![CDATA[CheckFree will acquire Upstream, a provider of decision support and trade order management tools to the investment management marketplace, for $28 million in cash.]]></description>
         <link>http://www.securitiesindustry.com/news/20508-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Credit Suisse and Instinet Extend Dark-Pool Alliance to Japan]]></title>
         <description><![CDATA[Algorithmic trading leader Credit Suisse and agency brokerage Instinet will give their respective client bases access to each other's dark liquidity pools in Japan.]]></description>
         <link>http://www.securitiesindustry.com/news/20506-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[S&amp;P Acquires ClariFI for Portfolio Analytics]]></title>
         <description><![CDATA[Standard &amp; Poor's has acquired quantitative portfolio management and research company ClariFI for an undisclosed price.]]></description>
         <link>http://www.securitiesindustry.com/news/20462-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Bernanke: Principles Are Part of the Solution]]></title>
         <description><![CDATA[Principles-based regulation is just one aspect of a well-rounded approach to complex supervisory challenges, said Fed chairman Ben Bernanke.]]></description>
         <link>http://www.securitiesindustry.com/news/20454-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Creditex Takes Stake in TSI for Loan Settlements]]></title>
         <description><![CDATA[Creditex Group has purchased a minority stake in Trade Settlement in a move to capitalize on anticipated growth in loan-only credit default swaps.]]></description>
         <link>http://www.securitiesindustry.com/news/20445-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Thomson's Portia Is Linked to Netik Data Warehouse]]></title>
         <description><![CDATA[Financial data warehouse provider Netik will integrate Thomson Financial's buy-side Portia technology with Netik's InterView.]]></description>
         <link>http://www.securitiesindustry.com/news/20440-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BNY ConvergEx Packages Liquidity Management Offerings]]></title>
         <description><![CDATA[Bank of New York spin-off BNY ConvergEx Group has introduced a series of products around the theme of liquidity management.]]></description>
         <link>http://www.securitiesindustry.com/news/20408-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[TradeWeb Convertibles Marketplace Goes Live]]></title>
         <description><![CDATA[Thomson TradeWeb has gone live with dealer-to-customer trading of dollar-denominated convertible bonds, its 17th online fixed-income marketplace.]]></description>
         <link>http://www.securitiesindustry.com/news/20401-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Interactive Brokers Shares Are Near IPO Price]]></title>
         <description><![CDATA[Interactive Brokers Group saw its stock, priced at $30.01 the night before, close its first day at $31.30 on volume of 23.5 million shares.]]></description>
         <link>http://www.securitiesindustry.com/news/20384-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Suit to Block SRO Merger Is Dismissed]]></title>
         <description><![CDATA[A class-action lawsuit seeking to block the impending merger of self-regulatory organizations NASD and NYSE Regulation has been dismissed.]]></description>
         <link>http://www.securitiesindustry.com/news/20361-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citigroup Buying Bisys, Eye on Fund Administration]]></title>
         <description><![CDATA[Citigroup has entered into a definitive agreement to pay $1.45 billion in cash to acquire transaction processor Bisys Group.]]></description>
         <link>http://www.securitiesindustry.com/news/20351-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Sifma Revamps Committees After Merger]]></title>
         <description><![CDATA[Securities Industry &amp; Financial Markets Association co-chair Ellyn McColgan says the combined organization has focused on streamlining its committee structure.]]></description>
         <link>http://www.securitiesindustry.com/news/20332-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Reg NMS Should Be Scrapped: Atkins]]></title>
         <description><![CDATA[Securities and Exchange Commission member Paul Atkins is extending his critique of recent reform initiatives to Regulation National Market System.]]></description>
         <link>http://www.securitiesindustry.com/news/20325-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ICE To Open London Clearinghouse]]></title>
         <description><![CDATA[Commodity markets operator IntercontinentalExchange will apply by July for regulatory approval to open a clearinghouse in London, ICE Clear Europe.]]></description>
         <link>http://www.securitiesindustry.com/news/20324-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Deutsche Borse-Eurex in $2.8 Billion Deal to Buy ISE]]></title>
         <description><![CDATA[Deutsche Borse-controlled derivatives exchange Eurex will acquire International Securities Exchange for $67.50 a share in cash, or $2.8 billion.]]></description>
         <link>http://www.securitiesindustry.com/news/20302-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[DTCC Poised to Support Globalization, Says CEO Donahue]]></title>
         <description><![CDATA[The Depository Trust &amp; Clearing Corp. (DTCC) is determined to ensure that its clearing and settlement services aid the global integration of the capital markets, president and CEO Donald Donahue said today at the Securities Industry &amp; Financial Markets Association (Sifma) annual operations conference in Kissimmee, Fla.]]></description>
         <link>http://www.securitiesindustry.com/news/20299-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ITG Goes Self-clearing]]></title>
         <description><![CDATA[In a move to cut back-office costs, broker-dealer Investment Technology Group has left its long-time clearing firm, Jefferies &amp; Co.]]></description>
         <link>http://www.securitiesindustry.com/news/20279-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SunGard Buys Consulting Firm Finetix]]></title>
         <description><![CDATA[Adding yet another target to its long string of acquisitions, SunGard has purchased Finetix for an undisclosed price.]]></description>
         <link>http://www.securitiesindustry.com/news/20270-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ICE Taking Its Technology to Chicago]]></title>
         <description><![CDATA[The Atlanta-based IntercontinentalExchange will begin to relocate its technology operations and support systems to Chicago in June.]]></description>
         <link>http://www.securitiesindustry.com/news/20265-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Instinet Offers Commission Sharing to Non-brokerages]]></title>
         <description><![CDATA[Indicating the rapid growth of soft-dollar programs by agency brokerages, Instinet has extended its commission sharing arrangement program to non-broker-dealers.]]></description>
         <link>http://www.securitiesindustry.com/news/20241-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Bonds To Launch Today]]></title>
         <description><![CDATA[After nearly four years of development, NYSE Euronext's bond trading platform replaces the 30-year-old Automated Bond System.]]></description>
         <link>http://www.securitiesindustry.com/news/20217-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ESpeed Formally Rebuffs Takeover Proposal From Tullett]]></title>
         <description><![CDATA[Breaking their silence in response to a takeover approach from Tullett Prebon, Cantor Fitzgerald and its eSpeed spin-off said that the latter is not for sale.]]></description>
         <link>http://www.securitiesindustry.com/news/20216-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Credit Derivatives Double Again, but Intra-year Growth Slows]]></title>
         <description><![CDATA[The International Swaps &amp; Derivatives Association year-end survey showed the size of the credit derivatives market doubling for the third consecutive year.]]></description>
         <link>http://www.securitiesindustry.com/news/20207-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[AML Leader Takes French Government Post]]></title>
         <description><![CDATA[Alain Damais, executive secretary of the Financial Action Task Force, has resigned to take a post in the French Finance Ministry, which he left in 1997.]]></description>
         <link>http://www.securitiesindustry.com/news/20190-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Royalblue Buying LatentZero; Price Could Reach $125 Million]]></title>
         <description><![CDATA[Sell-side trading software company royalblue has agreed to acquire prominent buy-side OMS vendor LatentZero for up to $125 million.]]></description>
         <link>http://www.securitiesindustry.com/news/20181-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Icap Offers Electronic Trading of Currency Forwards]]></title>
         <description><![CDATA[Building on its strong position in spot foreign exchange trading, interdealer brokerage Icap is introducing electronic trading of FX forwards.]]></description>
         <link>http://www.securitiesindustry.com/news/20151-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Index Acquisition Is ICE's Latest Natural Gas Move]]></title>
         <description><![CDATA[Two weeks after announcing an alliance with the Natural Gas Exchange, IntercontinentalExchange has acquired a series of natural gas indexes from Intelligence Press.]]></description>
         <link>http://www.securitiesindustry.com/news/20146-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Middle and Back Office Bear Brunt of Citi Cuts]]></title>
         <description><![CDATA[Citigroup's 17,000 job reductions will fall heavily on middle- and back-office services in an effort to save about $2.1 billion in 2007.]]></description>
         <link>http://www.securitiesindustry.com/news/20143-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ICE Opening N.Y. Center; ISE Sets Forex Options Launch ]]></title>
         <description><![CDATA[IntercontinentalExchange will inaugurate a trading site in New York, while International Securities Exchange begins trading its foreign exchange options.]]></description>
         <link>http://www.securitiesindustry.com/news/20131-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Broker-Dealer Beats Back Oats Enforcement Action]]></title>
         <description><![CDATA[Lek Securities has overturned an NASD enforcement action claiming it did not submit trade information in compliance with Order Audit Trail System requirements.]]></description>
         <link>http://www.securitiesindustry.com/news/20103-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Euroclear Signs Agreement With Russian Depository]]></title>
         <description><![CDATA[Russia's National Depository Center has signed a memorandum of understanding with Euroclear to share information and explore cooperative initiatives.]]></description>
         <link>http://www.securitiesindustry.com/news/20100-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BATS Cuts Its Fees and Rebates Again]]></title>
         <description><![CDATA[BATS Trading lowered the fee for taking liquidity out of its order book $0.0024 and the rebate for adding liquidity to $0.0022.]]></description>
         <link>http://www.securitiesindustry.com/news/20040-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[S&amp;P and Icap Pursuing Valuation Agreement]]></title>
         <description><![CDATA[Standard &amp; Poor's is in talks to provide clients of its securities valuation services prices from interdealer brokerage Icap.]]></description>
         <link>http://www.securitiesindustry.com/news/20017-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Sends Out Approvals for Portfolio Margining]]></title>
         <description><![CDATA[The New York Stock Exchange began sending approval letters to member brokerages March 26, allowing them to offer the accounts starting April 2.]]></description>
         <link>http://www.securitiesindustry.com/news/19996-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CME-Reuters Foreign Exchange Platform Is Live]]></title>
         <description><![CDATA[The FXMarketSpace foreign exchange trading venture is open for business, roughly 11 months since the plan was announced.]]></description>
         <link>http://www.securitiesindustry.com/news/19981-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Human Capital]]></title>
         <description><![CDATA[Aqua, the alternative trading system formed in late 2007 by New York&amp;rsquo;s Cantor Fitzgerald and its eSpeed technology spin-off, named Brian Gay SVP and global head of integration services, reporting to president and CEO Kevin Foley. Gay was previously at FIX connectivity vendor TransactTools, where he was a VP in business development, sales and account]]></description>
         <link>http://www.securitiesindustry.com/news/19980-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Gives Green Light to NYSE Bonds]]></title>
         <description><![CDATA[The New York Stock Exchange has received Securities and Exchange Commission approval for its NYSE Bonds platform.]]></description>
         <link>http://www.securitiesindustry.com/news/19947-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Cover Payments May Be Money-Laundering Opportunities]]></title>
         <description><![CDATA[A common part of the global payments system, known as cover payments, is increasingly drawing attention as an opening for money-laundering opportunities.]]></description>
         <link>http://www.securitiesindustry.com/news/19945-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[U.S. Futures Exchange Offers Contracts Based on Rivals' Merger]]></title>
         <description><![CDATA[The U.S. Futures Exchange will list contracts that allow investors to take positions on the outcome of the takeover battle for the Chicago Board of Trade.]]></description>
         <link>http://www.securitiesindustry.com/news/19944-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fiserv Acquires AML-Compliance Vendor NetEconomy]]></title>
         <description><![CDATA[Financial industry outsourcing company Fiserv has added to its portfolio of anti-money-laundering services by acquiring NetEconomy.]]></description>
         <link>http://www.securitiesindustry.com/news/19886-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CTOs Named at Instinet and Its Chi-X ATS]]></title>
         <description><![CDATA[Christopher Rogers has been promoted to chief technology officer of agency brokerage Instinet, succeeding Michael Bundy, who has moved into the CTO post at Chi-X.]]></description>
         <link>http://www.securitiesindustry.com/news/19885-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Bids Relies on OMX for Hosting; Brass Links to BATS]]></title>
         <description><![CDATA[The Bids Trading alternative trading system has signed an agreement with Stockholm-based OMX to provide its platform technology and network support.]]></description>
         <link>http://www.securitiesindustry.com/news/19878-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Icap Adds Palladium and Platinum to EBS Platform]]></title>
         <description><![CDATA[Nine months since its acquisition of EBS and its spot foreign exchange and precious-metals platform, Icap is introducing e-trading in platinum and palladium.]]></description>
         <link>http://www.securitiesindustry.com/news/19851-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[McCreevy Calls for Cooperation, Not Over-Regulation]]></title>
         <description><![CDATA[EU internal market commissioner Charlie McCreevy warned against 'creating a regulatory superstate' as authorities come to grips with cross-border markets.]]></description>
         <link>http://www.securitiesindustry.com/news/19813-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BNY ConvergEx Unveils Crossing Network]]></title>
         <description><![CDATA[BNY ConvergEx Group has launched a dark-book alternative trading system that comes with numerous tools to control how and with whom trades are executed.]]></description>
         <link>http://www.securitiesindustry.com/news/19803-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[At Hedge Fund Forum, Valuation Is Key Concern ]]></title>
         <description><![CDATA[The most pressing issue facing hedge funds is accurate valuation of assets, according to a panel of regulators at the World Hedge Fund Forum in Connecticut.]]></description>
         <link>http://www.securitiesindustry.com/news/19789-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[TradeWeb Opens Tokyo Center, Trading Now 24-7]]></title>
         <description><![CDATA[Thomson TradeWeb's Tokyo data center gives customers in Asia direct access to the fixed-income trading platform during their normal business hours.]]></description>
         <link>http://www.securitiesindustry.com/news/19784-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ISE, TSX Form Joint Canadian Derivatives Venture]]></title>
         <description><![CDATA[Options market leader International Securities Exchange has agreed with Toronto's TSX Group to form a Canadian derivatives exchange.]]></description>
         <link>http://www.securitiesindustry.com/news/19759-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Six New Investors Validate Bids Dark Book Model]]></title>
         <description><![CDATA[Block Interest Discovery Service says that six major Wall Street firms have made minority investments in it, bringing the ownership consortium to 12.]]></description>
         <link>http://www.securitiesindustry.com/news/19733-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[JP Morgan Buying Mutual Fund Servicer]]></title>
         <description><![CDATA[JP Morgan Chase will purchase Integrated Investment Services from Western &amp; Southern Financial for an undisclosed price.]]></description>
         <link>http://www.securitiesindustry.com/news/19726-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Goldman's Niederauer Joining NYSE as Co-COO]]></title>
         <description><![CDATA[Goldman Sachs managing director Duncan Niederauer is leaving the firm after 22 years to become president and co-chief operating officer of NYSE Group.]]></description>
         <link>http://www.securitiesindustry.com/news/19698-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Euroclear Lowers Fees to Promote FundSettle Platform ]]></title>
         <description><![CDATA[Fund distributors will pay less in transaction fees when they do business with fund promoters that join Euroclear's FundSettle Premier program.]]></description>
         <link>http://www.securitiesindustry.com/news/19669-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fidelity and Lehman Connect ATS Platforms]]></title>
         <description><![CDATA[Fidelity Brokerage and Lehman Brothers have linked their dark pools of liquidity, Fidelity's CrossStream and Lehman's Liquidity Center Cross.]]></description>
         <link>http://www.securitiesindustry.com/news/19658-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NSX Completes Sun-Centered Tech Overhaul; Sector Adds CHX Link]]></title>
         <description><![CDATA[National Stock Exchange completed a technology refresh built on high-performance processors and other components from Sun and cooperating vendor-partners.]]></description>
         <link>http://www.securitiesindustry.com/news/19643-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Campos To Succeed Schrank as Swift's CEO]]></title>
         <description><![CDATA[L&#x00C3;&#x00A1;zaro Campos, head of Swift's banking industry division, will succeed Leonard Schrank as chief executive officer, effective April 23.]]></description>
         <link>http://www.securitiesindustry.com/news/19615-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[DST International Taps Abraham as CEO]]></title>
         <description><![CDATA[Former Citigroup executive Tom Abraham will take over as chief executive officer of Investment management systems company DST International in the spring.]]></description>
         <link>http://www.securitiesindustry.com/news/19609-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[FlexTrade Connects to NYSE Arca for Options]]></title>
         <description><![CDATA[As options exchanges move to penny pricing, execution technology provider FlexTrade Systems said that its clients now have access to NYSE Arca.]]></description>
         <link>http://www.securitiesindustry.com/news/19603-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Omgeo Upgrades Settlement Instruction Database]]></title>
         <description><![CDATA[Omgeo has upgraded Alert for high-volume investment managers and outsourcing agents of those firms.]]></description>
         <link>http://www.securitiesindustry.com/news/19590-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Instinet Names Co-CEOs; Nicoll Remains Chairman]]></title>
         <description><![CDATA[In the wake of its acquisition by Nomura Holdings, agency brokerage Instinet has promoted its two co-presidents, John Fay and Alex Goor, to co-CEOs.]]></description>
         <link>http://www.securitiesindustry.com/news/19589-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Deutsche Bank Penalized for Disclosure, Control Failures]]></title>
         <description><![CDATA[Taking two disciplinary actions against a New York subsidiary of Deutsche Bank, NYSE Regulation has leveled fines totaling $1.275 million.]]></description>
         <link>http://www.securitiesindustry.com/news/19554-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Orc Provides FIX Connectivity to France's Exane ]]></title>
         <description><![CDATA[Investment manager Exane BNP Paribas has deployed Orc Software's CameronFIX platform for cash equities trading.]]></description>
         <link>http://www.securitiesindustry.com/news/19551-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Credit Default Swap Auctions Are Automated]]></title>
         <description><![CDATA[Creditex and Markit say that they have completed the automation of tradable tranche fixings.]]></description>
         <link>http://www.securitiesindustry.com/news/19546-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE Reports Progress on Key Initiatives]]></title>
         <description><![CDATA[Ambitious strategy is based on new electronic trading platforms and global alliances.]]></description>
         <link>http://www.securitiesindustry.com/news/19501-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Euroclear To Reorganize as Dinne Sets Retirement]]></title>
         <description><![CDATA[Euroclear Bank will "gradually implement" a management reorganization in the second quarter as CEO Martine Dinne approaches retirement in June.]]></description>
         <link>http://www.securitiesindustry.com/news/19496-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Ullink Connects to Instinet's Chi-X]]></title>
         <description><![CDATA[International FIX connectivity vendor Ullink is offering a link to the pan-European alternative trading system for equities that Instinet launched last year.]]></description>
         <link>http://www.securitiesindustry.com/news/19491-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Technology, Cross-Listings on NYSE-TSE Cooperation Agenda]]></title>
         <description><![CDATA[The chief executives of NYSE Group and the Tokyo Stock Exchange have entered into a non-exclusive alliance agreement.]]></description>
         <link>http://www.securitiesindustry.com/news/19482-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[House Bill Would Ease Money-Laundering Compliance]]></title>
         <description><![CDATA[In an attempt to ease one of the Bank Secrecy Act's toughest compliance mandates, the House of Representatives passed the Seasoned Customer CTR Exemption Act.]]></description>
         <link>http://www.securitiesindustry.com/news/19472-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Jefferies Chooses Townsend and FutureTrade Systems]]></title>
         <description><![CDATA[Jefferies &amp; Co. has joined in strategic alliances with execution management system developers Townsend Analytics and FutureTrade.]]></description>
         <link>http://www.securitiesindustry.com/news/19436-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Trading Deals: State Street-Currenex, Liquidnet-Miletus]]></title>
         <description><![CDATA[State Street Corp. has agreed to buy the Currenex foreign exchange platform, and Liquidnet did the same with agency brokerage Miletus Trading.]]></description>
         <link>http://www.securitiesindustry.com/news/19404-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NASD Members Approve Regulatory Consolidation]]></title>
         <description><![CDATA[Members of the National Association of Securities Dealers approved their group's consolidation with NYSE Regulation by a 2,671 to 1,440 margin.]]></description>
         <link>http://www.securitiesindustry.com/news/19400-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Sifma Seeks Hiatus in SEC Data Rulings]]></title>
         <description><![CDATA[The Securities Industry &amp; Financial Markets Association has asked the Securities and Exchange Commission to delay issuing any new rulings on market data fees.]]></description>
         <link>http://www.securitiesindustry.com/news/19376-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[FinCEN Spells Out Approach for Wire Transfers]]></title>
         <description><![CDATA[A Financial Crimes Enforcement Network report to Congress said that it is technically feasible for financial institutions to report cross-border wire transfer data.]]></description>
         <link>http://www.securitiesindustry.com/news/19372-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[GL Trade Bolsters U.S. Presence With FNX Deal]]></title>
         <description><![CDATA[Paris-based GL Trade has agreed to acquire FNX Solutions, a supplier of over-the-counter and cross-product trading and risk management systems.]]></description>
         <link>http://www.securitiesindustry.com/news/19368-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[T-Zero Hires TradeWeb Exec as COO]]></title>
         <description><![CDATA[Credit derivatives processor T-Zero has hired George Harrington as chief operating officer.]]></description>
         <link>http://www.securitiesindustry.com/news/19315-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Ahead of SRO Vote, Small Brokers Are Wary]]></title>
         <description><![CDATA[With their votes due Friday on merging the principal broker-dealer self-regulatory organizations, a chorus of smaller NASD members is voicing strong disapproval.]]></description>
         <link>http://www.securitiesindustry.com/news/19314-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Incentive Prices in Place at Eurex; Dubai Hub Planned]]></title>
         <description><![CDATA[Eurex has been offering new trading participants special incentives for direct-market access since the beginning of the year.]]></description>
         <link>http://www.securitiesindustry.com/news/19300-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NYSE To Acquire Indian Exchange Stake]]></title>
         <description><![CDATA[NYSE Group has agreed to acquire a 5 percent equity interest in the National Stock Exchange of India, that country's largest exchange.]]></description>
         <link>http://www.securitiesindustry.com/news/19291-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Euro Currency Options on PHLX; Timber Hill Is Specialist]]></title>
         <description><![CDATA[The Philadelphia Stock Exchange, a currency options pioneer, has begun trading World Currency Options on the Euro.]]></description>
         <link>http://www.securitiesindustry.com/news/19287-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Lighthouse Using Paladyne Platform for Managed Accounts]]></title>
         <description><![CDATA[Lighthouse Partners will use hedge fund technology company Paladyne Systems' ASP hosted system for its managed accounts business.]]></description>
         <link>http://www.securitiesindustry.com/news/19286-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Automated Trading Desk Gets $60 Million Infusion]]></title>
         <description><![CDATA[Technology Crossover Ventures has added Automated Trading Desk to its small but growing portfolio of financial services investments.]]></description>
         <link>http://www.securitiesindustry.com/news/19274-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ESpeed Forms Company to Operate an ATS]]></title>
         <description><![CDATA[ESpeed has formed a new company, Aqua, to provide an alternative trading system for large institutional orders.]]></description>
         <link>http://www.securitiesindustry.com/news/19249-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Under RBC Umbrella, Carlin Launches Multi-asset Platform]]></title>
         <description><![CDATA[RBC Capital Markets has completed its purchase of Carlin Financial, which in turn has introduced a multi-asset-class, direct-market access trading platform.]]></description>
         <link>http://www.securitiesindustry.com/news/19244-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Futures Markets Grew Briskly in '06; CME's Globex Up 31 Percent]]></title>
         <description><![CDATA[Statistics released by major derivatives markets confirmed that exchange-traded products reached a record-setting high point in their growth cycle last year.]]></description>
         <link>http://www.securitiesindustry.com/news/19236-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Interdealer Firms and Clearing Corp. in Derivatives Initiative]]></title>
         <description><![CDATA[Agreement is part of industry trend to bring efficiencies to over-the-counter derivatives trading.]]></description>
         <link>http://www.securitiesindustry.com/news/19219-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BATS ECN Throws Down Pricing Gauntlet]]></title>
         <description><![CDATA[In an aggressive bid to ramp up its volume, BATS Trading electronic communications network will temporarily invert the conventional pricing model.]]></description>
         <link>http://www.securitiesindustry.com/news/19211-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Australian Exchange Rethinks Fee Structure]]></title>
         <description><![CDATA[The Australian Stock Exchange announced minor fee and rebate changes last week while continuing to consider longer-term changes.]]></description>
         <link>http://www.securitiesindustry.com/news/19198-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Trading Platform Deals: Euronext-SecFinex, and a Firstfor Q-Wixx]]></title>
         <description><![CDATA[Euronext agrees to acquire 51 percent of European securities lending platfor