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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May 20th, 2008 - Brady plc has today confirmed that BGC International, has selected Brady

Brady Selected by BGC for Commodities Desk in London

Gavin Lavelle, CEO, Brady: “Understanding both their current and future needs enables Brady to provide our clients with a quantifiable, competitive edge.”

BGC, a London Metal Exchange Category II member, has confirmed the selection of Brady’s option pricing module which will offer its clients the ability to enter into transactions which are guaranteed by the London Clearing House. Specifically designed for professional derivatives traders, Brady will provide BGC with the ability to price on a real-time basis all exchange-traded derivatives including LME TAPOs (Traded Average Price Options) accurately and consistently with the market community.

Steve Goodger, Head of BGC’s commodities desk in London, said, “We were very familiar with Brady, which is seen very much as an industry standard in the commodity options market-making community, so the selection process was easy and we knew that it could fulfil our requirements.”

Gavin Lavelle, CEO at Brady, comments: “It is great to have BGC as a client; they very quickly recognised the unique benefits of Brady and saw the value it will bring to their business. Much of the success of our solutions is predicated on our deep knowledge and understanding of commodity markets and effective communication with clients. Understanding both their current and future needs enables Brady to provide our clients with a quantifiable, competitive edge.”

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