SIA: Spotlight On Technology

Welcome to DWT's Special Report on the Technology Management Conference and Exhibit of the Securities Industry Association (SIA).

From the flurry of news that this show generates, we will focus on the offerings of greatest interest to the sell-side (in alphabetical order) from the premier U.S. securities trading technology showcase. We have also included a floor plan, supplied by the SIA, for the vendors participating in the exhibition.

In case you haven't visited the SIA's Web site (www.sia.com), the event will take place Tuesday, June 8, to Thursday, June 10, at the Hilton New York, 1335 Avenue of the Americas (Sixth Avenue), between 53rd and 54th Streets.

We have provided here (and on the front page) as much advance product news as possible. We have also compiled a list of the hottest parties.

The staff of DWT hopes that you will have a productive show.

ADP is launching its new browser-based corporate actions system, built in partnership with the XcitekSolutionsPlus (XSP) application. The solution offers exception-handling functionality and receives files from multiple vendors. A new GUI is also included, allowing managers to receive an overall view of exceptions and their statuses, with tools to manage the STP workflow. The XSP system is integrated with the brokerage processing services (BPS) solution, ADP's back-office suite, and all data required for corporate actions processing is maintained on the BPS engine.

ANTs Software, a vendor of SQL database management systems, will announce that the flagship ANTs Data Server (ADS) product now supports Microsoft Windows 2003 and XP; Sun Microsystems' Solaris 10; Red Hat Enterprise Linux 3 and Fedora Core 2; and SuSe Linux. The new capabilities more than double the number of platforms supported by the ANTs Data Server, officials say.

Avistar Communications, a provider of video collaboration software, has moved its Avistar Community Exchange (ACV), built for hub-and-spoke configurations centered around a primary customer, to an environment hosted by DataPipe, a managed hosting company (TTW, April 7, 2003). There are 10 firms in the initial launch group, says John Carlson, vice president of product marketing, Avistar. Centrally deploying the system allows for better information sharing, officials say.

Avocent Digital Desktops officials will announce that they have signed Abel/Noser, an agency-only broker with a membership on the NYSE. Abel/Noser built an application including Avocent Digital Desktops Cstations and flat-panel display monitors on the trading floor and has relocated PCs to a secured, climate controlled server room. Avocent offers its Digital Extension Technology, which extends the PCI bus, enabling trading floors to "backrack" desktop systems.

AXS-One, a vendor of communications archiving and workflow software, will announce a partnership with RedFile, a digital risk and information management solutions provider, with RedFile acting as a reseller of AXS-One's e-mail and instant message archive software, and providing a hosted option for AXS-One user firms wishing to outsource their archiving operations.

Software provider for treasury and derivative markets, City Networks, will tout its latest upgrade to its CityNet Conversation Checker that now includes support for currency options. The software automatically stores conversations from Reuters print outputs and then checks and issues deal tickets for potentially missed trades on a daily basis. Previously, this offering automated foreign exchange (FX) and money market (MM) transactions, but currency options have recently been added to further support derivatives products. City Networks will start with the addition of vanilla currency options and plans to expand to more complicated assets like exotic options and prime brokerage.

Information and storage management vendor EMC Corp. plans to announce the launch of new multiple products that will ease the compliance burden on EMC end-users via information lifecycle management (ILM). The company's new EMC Proven Content Archiving and Retrieval Solution (CARS) automates regulatory compliance by centralizing online document and records management with an integrated solution to capture, store and rapidly retrieve content in any format from any source. EMC Proven Solution of E-mail Archiving optimizes placement of e-mail, helping organizations address cost and compliance objectives—from faster upgrades and better user experiences to the most stringent regulations. For content addressed storage (CAS), there's the latest release of EMC Centera CAS that offers new retention classes, audited delete and configurable default retention period compliance functionality.

Enigmatec and Sonic Software will announce a joint technology partnership to deliver enterprise grids for financial services. The partnership combines the distributed services architecture and remote management capabilities of Sonic's Enterprise Service Bus (ESB), the leading enterprise service bus with the automated policy-based management system of the Enigmatec Execution Management System (EMS). Aligning these two products allows business managers to write policies that have implications throughout the infrastructure, marrying service oriented architecture (SOA) and grid-computing concepts, says Duncan Johnston-Watt, CTO, Enigmatec. "Think of it as 'programming the infrastructure,'" Johnston-Watt says. "EMS is a management layer between business objectives driving the enterprise and the IT resources needed to implement them. EMS can deploy policies and parameters, from price updates per stock to CPU utilization per machine, both tuned relative to trade volume." At booth 1402, Sonic Software will showcase version 5.5 of its ESB, intended to support SOAs that need continuous availability. ESB 5.5 features hot fail-over and software-based configuration, eliminating the need to deploy any specialized hardware, officials say.

GL Trade recently announced it is the first ISV to acquire network connectivity provider status from the Swiss Exchange (SWX) for its service bureau offering. The offering will allow firms much cheaper exchange connectivity with vastly reduced hardware costs compared to maintaining direct exchange connectivity. The vendor is currently finalizing connectivity agreements with three SWX member firms and is expecting a dozen clients to connect over the course of 2004. In addition, the vendor is also set to launch a new product, GL Tactics, which will allow users more functionality in terms of order entry and trading strategy execution. The first 12 tactics are expected to be available next month with six more scheduled for release later in the year. When launched, the tactics will be supported on 83 execution venues.

iLumin Software Services produces the Assentor line of products, which cover archiving, regulatory compliance, corporate supervision, mailbox management, discovery and litigation support. The latest release of iLumin's Assentor Discovery can work in conjunction with the Zantaz Digital Safe to help firms respond to litigation requests for emails, instant messages and attachments in a timely and efficient manner. With Assentor Discovery, existing Zantaz customers have access to their own data instead of relying on a third party to perform the discovery tasks. Assentor Discovery gives designated employees the power and authorization to instantly search and review archived content in response to a sensitive legal matter, be it through the Zantaz Digital Safe, Assentor Archive or other email repository.

Trading turret and communication platform vendor IPC Information Systems will roll out its Service Management Action Request Tool (SMART), a Web-based tool that allows for the remote configuration of trading systems. It lets authorized IPC technicians customize traders' desktops quickly, remotely and securely, boosting trading floor efficiency and greatly reducing implementation time. The company plans to announce this week the availability of two new applications developed for its IQMX Applications Module, Call Dashboard and Dynamic Directory. Call Dashboard, designed for large money managers, identifies the customer regardless of how the call originated: direct line, cell phone or work phone. The trader sets preferences in order to prioritize calls as well as selecting which historical details of a particular contact that will be displayed. The Dynamic Directory offers presence information in a custom fashion and also provides a text-based look-up feature that allows traders to search an online directory and present the search result as a sheet of contact buttons that can be tapped to place a call.

Order routing and execution provider Lava Trading will tout its soon-to-be released electronic foreign exchange (FX) LavaFX platform, which is due out this quarter. Other new offerings from the company include its recently released sell-side order management system (OMS) ColorPalette as well as its LavaPI, an enhancement to the Lava ColorBook system that leverages Lava's extensive network and large order flow to help reduce costs and improve execution quality. Lava will also have on display SmartPost, which utilizes historical trading patterns and other information to provide more intelligent posting and market making for listed securities.

Savvis will feature its virtualized services delivery platform, launched in April, at the SIA show this year. The platform uses a utility pricing model and doesn't obligate users to deploy or manage hardware, which Savvis officials say can cut costs by up to 50 percent. Savvis customers EasyScreen, FaceTime Communications, HyperFeed, Mandarin Capital Technologies, Philaldephia Stock Exchange and Tradestream Global will be on hand at the booth demonstrating applications they support on Savvis' network.

Financial technology uber-vendor SunGard's securities processing business will be entering into the anti-money laundering market with this week's release of its Risk Alert for its RemitPro platform. Users of the company's Phase3 securities processing system that use RemitPro will have a one-stop management tool for identity validation for business and individual accounts, Office of Foreign Assets Control (OFAC) screening, rules-based anti-money laundering, fraud detection and prevention, and regulatory reporting. RemitPro's Risk Alert receives name and address information directly from Phase3 and compares the information with various databases to verify the identity of existing, new and potential customers. The broker/dealer can determine the frequency of Phase3 Name and Address data feeds to suit their specific needs. Once suspicious accounts are identified, RemitPro generates a report for the firm to provide to the government as required

Large block-trading venue Harborside+ and Thomson Financial's AutEx will announce a deal this week that will enable AutEx users to submit their indication of interests (IOIs) to Harborside+. The new connection will consist of AutEx users adding Harborside+ to their distribution list. This deal will potentially add the approximately 800 AutEx customers to Harborside+'s approximately 90 existing customers. The new connectivity has already been beta-tested with AutEx and Harborside+ clients. Harborside+ will continue to pre-qualify its clients by maintaining a minimum trade order size of 25,000 shares. As a result, Harborside+ plans to turn on the capability using a selective process in which non-Harborside+ clients are filtered out as well as with current Harborside+ clients that already have a FIX connection with the trading venue. For clients relying on AutEx to deliver their IOIs to Harborside+, Harborside+ will accept only the IOIs that are natural trades, which the company estimated is approximately 50,000 of the 800,000 messages that travel over AutEx on a daily basis. When AutEx users submit an IOI to Harborside+, it will trigger a negotiation process that starts with a call to the potential counterparty from the Harborside+ trading desk.

At SIA, TNS will be highlighting its Routable Voice Services. Introduced late last year, this new service offering is built on Voice over IP (VoIP) technology and includes automatic ring-downs (ARDs), manual ring-downs (MRDs), and hoot'n' holler circuits. TNS continues to offer traditional TDM services; however, Routable Voice Services offer additional resiliency and disaster recovery enhancements.

VhaYu will have on display its new XLStream plug-in for Microsoft Excel 2003, which links the defacto standard spreadsheet to the VhaYu Market Data Solution for real-time analytics that exploit historical and real-time market data. The XLStream is intended to enable quantitative analysts and traders using Excel 2003 to stream data directly to their spreadsheets and run analytics on real-time and historical data. XLStream will let traders monitor their watch lists and run their algorithms against the market, VhaYu officials say.

Volante has just announced a Beta version of its Volante Metadata Repository (VMR) software, which is designed to help users build a messaging repository for pre- and post-trade operations such as settlement and trade reporting as well as internal transaction messaging. A centralized approach can help firms with their straight through processing (STP) efforts and compliance with Sarbanes-Oxley and Basel II.

Zantaz, a vendor of e-communications management solutions for compliance, electronic discovery and storage management, will announce the availability of its Hosted Exchange Archive Solution (EAS), a new Zantaz-managed service for enterprise-level email management. The service offers customers a single solution for email management, compliance archiving and data restoration and migration.

ADP Brokerage Services Group 3100 & 3101
10K Wizard Technology 1843
ABC Enterprise Systems Inc. 1813
Access Data 1750
Acquire Media Corporation 1612
Actimize Inc. 4212
ADIC 1860
Adobe Systems 1819
Advent Software, Inc. 2600
Aegis Software Inc. 1524
American Telesis, Inc. 1606
Amic Research 4515
ANTs Software 1710
Anvil Software 4305
APCON, Inc. 1832
Appian 1724
Appian Graphics 4612
Appilog 1613
Appro 100
Arc Partners, Inc. 4308
Archipelago 3115
Archivas Inc. 4610
Aspen Research Group Ltd. 1839
Asset Control 4114
Aurora Software, Inc. 2110
Automated Financial Systems 3016
Avistar Communications Corp. 1520
Avocent-Digital Desktops 3118
Axiom Group 1500
AXS-One, Inc. 1434
Barclays Capital Inc. 1830
BEA Systems 3123
BlackBerry 1518
BlackPearl, Inc. 4202
BNY Brokerage Inc. 4012
Bobsguide 101
BOCS - Brokerage Operation Control System 2116
BondDesk Group 1766
BondWave LLC 1834
BST America 1732
BT Syntegra 3106 & 3107
Business Objects 2604
Cameron Systems 1523
Can Am Systems 4123
Cantor Market Data 1607
Capital Markets Consulting LLC 1742
CCH Wall Street, A Wolters Klumer Company 4016
Celent Communications 1854
Celion Networks 4301
The Center for Research in Securities Prices 2020
Cervalis 1603
Charles River Development 1760
CheckFree 1818
Cicada 1501
City Networks, Inc. 1853
ClearCube Technology 3604
Clovis 4220
CodeStreet 1716
Communicator Inc. 1505
CommVault Systems Inc. 4207
Comprehensive Software Systems, Inc. 3307
Comsquared Systems, Inc. 4508
Con Edison Communications 1428
Concurrent Computer Corporation 4307
Connotate Technologies 4218
CoreFix 4119
Croesus Finansoft Inc. 3220
CT Insurance Services 4604
Custom Computer Specialists 1860
CyberXpert, Inc. 4306
Daktronics, Inc. 1438
Davidge Data Systems Corp. 2014
The Davidsohn Group 1111
DealHub 1814
Decision Software, Inc. 1820
Dialog 3218
Dictaphone 4209
Dow Jones Newswires 1522
DST International 3608
Eagle Investment Systems 2615
Economy.com 1845
EDGAR Online, Inc. 1610
Eizo Nanao Technologies Inc. 3305
Enigmatec 4124
Ergotron Inc. 2121
eSpeed, Inc. 1608
Etrali North America, Inc. 1400
EVault 4122
Exact Solutions 4120
Exigent 4118
Exstream Software 1861
Eze Castle Software 1817
FaceTime Communications 1620
FactSet Research Systems Inc. 1601
Fidelity ActionsXchange 1726
Fiit(Friendly Intelligent Innovative Technology) 4618
Financial Information Network (FIN) 1856
Financial Insights 1604
Financial Models Company Ltd. 2117
Financial News 1619
Financial Technologies International 3616
Finaplex, Inc. 1850
First Rate Investment Systems 3309
Foliage Software Systems 1858
FRI 1611
GainsKeeper 1841
GemStone Systems 2114
GFI 2405
GigaSpaces 4208
GL Trade Americas 1745
Global Crossing 2500
Global Insight 1621
GovPX, Inc. 2016
Harco Technology Ltd. 1764
Haver Analytics 1836
Headstrong 4507
Hewlett Packard 2111
The Hudson Valley Economic Development Corporation 4606
HyperFeed Technologies, Inc. 1427
IBM 2211
i-Deal, LLC 3127
IdealsWork Financial 4505
igxglobal 1213
iLinc 4018
ILOG, Inc. 1502
iLumin Software Services, Inc. 1618
Incisive Media plc 1302
Indata 1752
Infinity Info Systems 1821
InfoDyne 2218
InfoReach 1748
Innovative Office Products, Inc. 4500
INSCI 4210
Instinet 1405
Institutional Investor Magazine 1314
Institutional Investor News 1316
Institutional Shareholder Services 1430
Integrated Decision Systems 1772
Intellisync 4506
Interactive Data Corp. 1416
Interface Software 1211
Interoute Communications Ltd. 1728
Intersoft K. K. 3303
InterSystems 2419
Interwoven, Inc. 1822
Inventa Technologies 4504
Investment Scorecard, Inc. 1609
IPC Information Systems, Inc. 1509
Iron Mountain 3300
IT&e Ltd. 1712
Javelin Technologies 1418
Jordan & Jordan 3004
Kestrel Technologies 4614
KeySpan Communications 4503
Kubi Software 1810
LaCOUR/ErgoTech 1805
LanguageWorks 4509
LaserFiche 1730
LatentZero 1855
Lava Trading Inc. 2501
Legato Software 3512
LifeHarbor, Inc. 3308
Linedata Services 2118
LiveOffice 1722
Logical Information Machines 4502
Lumitec Inc. 4600
Lyrix, Inc. 1702
Macgregor 2011
Madura Associates, Inc. 1756
Mainstream Data Inc. 1844
Mantas, Inc. 3119
Market Data Services Ltd. 1758
MarketAxess 1852
MarketConnect 4309
MarketWatch 2619
Matrox Graphics 4200
Mergent, Inc. 3304
MetaMatrix 4511
Microsoft 3504
Miningham & Oellerich, Inc. 3008
Misys Wholesale Banking Systems 4608
Money.net Business Solutions 4400
Morningstar, Inc. 1800
Murex 1736
Nasdaq 1313
NCR 1517
NEC Solutions America 4616
NEC-Mitsubishi Electronics Display 3012
NeoNet Securities, Inc. 1840
NeoScale Systems, Inc. 1704
Neovest, Inc. 1309
NET2S 1829
Network Intelligence Corporation 2617
NewRiver, Inc. 4000
Nextel Communications 3600
Nice Systems, Inc. 1403
Nikkei America 1863
NSI Software, Inc. 1823
Nyfix, Inc. 1418
OASIS imiTRIEVE 4201
Oki Data Americas 4404
OM 1411
OneSource Information Services, Inc. 4205
Onyx Software Inc. 4303
OptionMetrics LLC 1827
OptionVue Systems International, Inc. 4300
Outercurve Technologies 1825
PaeTec Communications 2417
Panopticon 1714
Parlano, Inc. 1720
Patni - Financial Services 1804
Perfect Information 1770
Pivot Solutions 1817
Pivotal Corporation 4206
Platform Computing 2504
Portware LLC 4513
Postini 1835
Princeton Financial Systems 1837
ProactiveNet, Inc. 1824
Q4i, Inc. 4602
QED Information Systems 1859
Qlusters, Inc. 2010
Radianz 2219
Random Walk Computing, Inc. 4115
Raritan Computer, Inc. 1706
Red Hat, Inc. 2214
Relegence 4310
Reuters 1101
Revere Data, LLC 1525
Rise Softools 1207
The Roberts Group 1802
Rogue Wave Software 1734
RulesPower, Inc. 4510
Sage SA 4004
Savvis 2100 & 2101
Savvysoft 1414
SciVantage, Inc. 1848
Scrittura, Inc. 1816
Sector, Inc. 1436
Securities Dealing Systems (SDS MarketWatch) 1108
Securities Industry News 3302
Semotus Solutions, Inc. 4302
Server To Go 4008
SIAC 102
Siemens Business Services 4501
Sigaba 1812
SimCorp USA Inc. 1614
SmartStream Technologies 1828
Soliton Associates 1432
Sonic Software Corp. 1402
Sony Electronics, Inc. 2505
Sophis 1807
Speakerbus 1616
Spear, Leeds & Kellogg 3000
Sprint 1506StatementOne 1864
Stockgroup Information Systems, Inc. 4517
Summit Systems, Inc. 1851
Sun Microsystems, Inc. 4100 & 4101
SunGard 2411 & 2609
SunGard/Fame 2613
SwiftNet FIX (Swift, Financial Fusion) 2217
Systinet Corporation 1708
TeleCommunication Systems Inc. (TCS) 1740
Telekurs (USA) Inc. 1310
Telerate 2201
Teros, Inc. 1833
Thomson Financial 3200
Tibco Software 1429
TimesTen, Inc. 2210
Townsend Analytics, Ltd. 3114
Track Data 3500
Tradeware Systems LLC 1409
Transaction Network Services, Inc.
1746
Trans-Lux 1100
Trema Americas Inc. 1718
Union Square Associates 1754
Unisys/TechHackers 1503
United States Postal Service Electronic Postmark 1809
UNX, Inc. 1857
Verari Systems 1815
Veritas Software Corporation 2015
Verizon 1301
VhaYu Technologies 1700
Visualize Inc. 1744
Voltage Security 4304
Wall Street & Technology 1201
Wall Street Source 1308
webMethods 1862
Wey Technology Inc. 4211
Whale Communications 4203
Wombat Consulting, Inc. 1738
x.eye Inc. 3612
Xand 1600
Xpedite Systems, Inc. 1846
Zantaz, Inc. 2401
ZipLip 3400