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What do prominent technology and business executives have on their plates for 2004? How are they dealing with compliance issues? What advice can they offer others in their shoes?

What do prominent technology and business executives have on their plates for 2004? How are they dealing with compliance issues? What advice can they offer others in their shoes? Well, it's all right here. Wall Street & Technology's esteemed Reader Advisory Board members respond to these pressing questions.


PLANS: What are your top three technology initiatives for the coming year?

Ira Lehrman, Director of Debt Capital Markets, Deutsche Bank

I will continue to focus on managing strategic technology initiatives with a focus on continued client-business intelligence. In addition, we'll outsource where it makes sense, further leverage e-commerce to enhance distribution efforts, import/export best-practice technologies across Europe and the United States, and look at how Web services will play a role in facilitating some of these initiatives.

Timothy Theriault, CIO, Northern Trust

- Improve corporate productivity through straight-through processing while reducing operating risk.

- Improve the cost structure of IT/Operations. Since I have the operations function for our corporation - the ability to align IT/Operations directly is important.

- Continue to demonstrate our client-facing technology as the best in the industry.

Richard Rosenblatt, Pres. & CEO, Rosenblatt Securities, Inc.

Our top initiative is continued improvement of our trading technology toolkit. To this end, we are deploying additional tools (e.g. Sonic Trading) and customizing systems already in place (e.g. developing new trading strategies and algorithms in FlexTRADER).

In addition, as our business expands and we incorporate boutique research (from Birinyi Associates) and non-U.S. market execution capabilities into our product mix, we will explore ways we can use technology in these initiatives.

We are also examining our trading-technology infrastructure to ensure that we will meet anticipated capacity needs going forward and look for things that may be more efficiently outsourced than supported in-house. These initiatives will enhance execution quality for existing clients, enable the firm to service new clients, and generally enhance efficiency.

Robert Palatnick, Managing Director/Technology, DTCC

- Improving reliability and strengthening business-continuity capabilities including; multiple data-centers and operations centers and implementing high-availability processing environments.

- Manage/reduce fixed IT expenses and optimize use of existing IT assets including; server consolidation, selected outsourcing opportunities, implementing a central communications-processing hub, investigating processor virtualization, and grid computing.

- Improve project quality and organizational process by achieving CMMI (Capability Maturity Model Integration) Level 2 throughout our development and maintenance division.

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