BoC To Auction C$2bln In 30 Day TLF on Monday
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White House Officially Signs Off On Automaker Loan Agreements
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Fed to Further Revise TALF Terms Based on Market Needs Going Forward
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Fed Extends TALF Loan Maturity from 1yr to 3yrs
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TALF Loans No Longer Distributed Through Auction, Available to All Eligible Borrowers --NY FED
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BoA Sells $6.75bln of FDIC-Backed Debt
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IL Governor intends to stay on the Job; will answer questions in appropriate forum
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Obama - economists insist economy must be put back on track first
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Obama - part of econ plan...mechanism to get budgets under control
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Obama - once we get economy back on track, we will be confronted w/ "this enormous deficit"
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Obama - will change how business is done in D.C.; no road to nowhere...
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Obama - focus on job creation, increasing demand, fix financial markets will cost significant amount of money
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Obama - need bold approach to stop rapid econ decline
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Community Bankers Trust Gets $17.68mln of TARP Funds
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Obama - concerned about Stimulus estimates; econ forecasts have deteriorated
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Obama - must have reciprocity in Trade Agreements; labor, environmental agreements must be part of trade agreements
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Obama - must rebuild regulatory structure
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Obama - create jobs and train workers for them; the way to keep jobs in the U.S. is to rebuild infrastructure
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No FED speeches scheduled thru year end - barring unforseen events
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Petrobras Gas, Oil Output Totaled 2.17mln BPD in November
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January 14th 2008

BEA and Lab49 Deliver New Framework for Building the Next Generation Front Office in Capital Markets

Luke Flemmer, co-founder at Lab49: "We're excited to partner with BEA, who is helping support innovation and developing next generation technology that can help financial services organizations more quickly adapt to changing market conditions."

Building on a deep understanding of the BEA Weblogic® Event Server’s micro-architecture and its array of features, Lab49 has created a reference architecture demonstrating the real-time pricing of a portfolio of fixed income instruments. Through a visually compelling Windows Presentation Foundation (WPF) client application, the demo illustrates how the BEA WebLogic® Event Server can model and process large volumes of complex events and perform pricing and risk computations using the proprietary analytics.

“With BEA’s robust and extreme high performance infrastructure capabilities and Lab49’s industry expertise in delivering sophisticated financial applications, we are delivering a comprehensive framework for complex event processing (CEP) applications for the front office,” said John Knightly, vice president of industry marketing at BEA Systems. “This new framework is designed to provide a high performance event-processing infrastructure that minimizes processing latency, allow developers to focus on delivering new and innovative business functionality and reduce the overall cost and time to market.”

“Often, algorithmic trading is cited as the main use case for CEP,” said Luke Flemmer, co-founder at Lab49. “However, at Lab49 we see a broader spectrum of use cases, all of which are ultimately part of the end to end solution for the front office. This is why we’re excited to partner with BEA, who is helping support innovation and developing next generation technology that can help financial services organizations more quickly adapt to changing market conditions.”

The core components of the BEA-Lab49 framework demonstrate:

• Integration techniques to a variety of thick client and rich internet application applications such as WPF, Silverlight, Flex, Java amongst others.

• Integration techniques to proprietary C/C++ analytic libraries

• Modeling front office applications as flexible complex event processing networks

• A design pattern for building flexible trading applications that can react to changes in the market during the day

The framework, tested on the Quad-Core Intel® Xeon® 5400 Series Processors, achieved results of one million events per second at microsecond latencies, performance previously unachievable with standard Java. The core components of the framework are based on the technology jointly developed and optimized by Intel and BEA.

“Low latency and high rates of streaming data are critical for event driven applications in the front office and we are pleased with the performance results that BEA and Intel has achieved,” said Nigel Woodward, financial services director at Intel. “Now with a framework in place for the real-time front office, financial services customers can realize the potential for complex event processing to help ease data proliferation in the enterprise, increase predictability of business drivers and help them become more agile and competitive.”

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