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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Reuters and CME announce participants in FXMarketSpace Early Adopter Program

Reuters and the CME have announced the first group of financial institutions that have confirmed they intend to participate in the pending 50/50 joint venture FXMarketSpace?s Early Adopter Program.

Participating banks and prime brokers include: AIG Financial Products Corp., ABN AMRO, Barclays Capital Prime Services, Citigroup, Credit Suisse, Fimat, HSBC, JPMorgan, Merrill Lynch, Prudential Financial/Bache Financial, RBS, Societe Generale Corporate & Investment Banking and UBS. Other financial institutions, including investment management, hedge funds and proprietary trading firms, are also represented with more than 10 participants and include Allston Trading LLC, Citadel Limited Partnership, Dsquare, Gelber Group, Getco LLC, Jump Trading LLC, Penson Worldwide and RGM Advisors LLC.

As Early Adopter Program participants, it is proposed that these financial institutions will be involved in the platform?s development and will commit resources to and participate in the beta test and launch phases. The participating institutions represent a cross-section of target end users of the platform, including customer and proprietary trading desks at banks, as well as hedge funds and other investment managers.

?Within two months of announcement many of the leading financial institutions in the global FX market have demonstrated that they are serious about devoting internal resources to back their participation in FXMarketSpace. We greatly appreciate their involvement and look forward to delivering on the benefits,? said Mark Robson, CEO-designate of FXMarketSpace. ?This early support confirms the market?s readiness for a more open, transparent and efficient global FX trading platform and FXMarketSpace?s unique ability to deliver on that order.?

When launched in early 2007, FXMarketSpace will be the world?s first centrally-cleared electronic trading platform for the cash FX market. FXMarketSpace will provide credit-efficient access to the over-the-counter (OTC) FX market, order book transparency and total anonymity to market participants. The platform will also deliver operational efficiency through its straight-through processing technology. The FXMarketSpace platform is intended to meet the needs of banks, financial institutions and non-financial corporations.

While FXMarketSpace is expected to offer a full breadth of FX capabilities including spot, forwards and options, phase one will cover spot trading transactions. The initial product offering will be six major currencies, the Euro, Japanese Yen, British Pound, Australian Dollar, Swiss Franc and Canadian Dollar against the US Dollar, as well as four cross-currency pairs. click here to return to the top of the page