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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June 9th, 2008 - FIX Flyer, Portware, Volante and Celoxica Leverage Tervela

Tervela Launches Partner Program

Tervela has announced the new Tervela Advantage Partner Program (TAPP). The program is an ecosystem of integrated partner solutions that extend and amplify Tervela’s Message Network to ensure that financial services firms maintain competitive advantage with their high-performance trading infrastructures. The combined solutions overcome the operational inefficiencies and continuity constraints of legacy middleware and messaging software. Charter members of TAPP include FIX Flyer, Portware, Volante Technologies and Celoxica.

“The Tervela Message Network is an intelligent, extensible, high-performance messaging platform engineered to exceed the requirements of the world’s most demanding, data-intensive, financial services organizations,” said Bob Cramer, CEO, Tervela. “It consists of networked, hardware-based Tervela TMX Message Switches™ that provide unparalleled message throughput, ultra low-latency, unlimited scale, and high availability. With TAPP we’re extending our solution to include best-of-breed partner offerings so our customers increase their competitive advantage without having to overhaul their systems from the ground up.”

Tervela has chosen partners with solutions designed to take on the demanding performance requirements and operational challenges of high-performance trading infrastructures. Integrated solutions offered by TAPP members are as follows –

- Tervela and FIX Flyer (www.fixflyer.com) provide an integrated electronic high-performance order routing platform that includes rules-based logic for trading and back office processing. Benefits include the ability to send and process orders for low-latency trading and increased operational efficiency from consolidating systems and network connections into a simple managed strategy. The combined solution gives traders the ability to safely handle unforeseen spikes in volume during volatile markets.

- Tervela and Portware (www.portware.com) provide a solution that enables firms to leverage algorithms and automated trading strategies across multiple asset classes (Equities, FX, Futures and Options) from a single interface. Benefits include the ability to take advantage of trading opportunities instantaneously while reducing risk.

- Tervela and Volante (www.volantetech.com) enable ultra low-latency integration of incoming real-time data or messages from any source or platform, as well as downstream processing of Tervela message flows. Benefits include the ability to normalize multi-sourced data, support industry standards, and develop and test market data applications. Time and costs are dramatically reduced because the need for hand-coded integration is virtually eliminated.

- Tervela and Celoxica (www.celoxica.com) provide a microsecond foundation for market data distribution to enterprise-wide systems that include pricing engines, matching engines and automated trading systems. Benefits include the ability to connect to multiple execution venues and source unprecedented levels of market data more quickly with a drastic reduction in the overall trade lifecycle.

"In today's real-time financial markets, the proliferation of dynamic, high-volume, time-sensitive data creates many problems," said Bob Pasker, independent technology consultant and Java luminary. “Together with its TAPP partners, Tervela is now able to deliver an architecture that will have a revolutionary impact on the efficiency of data distribution and delivery. With fully integrated components, the combined solution provides a single interface to deliver access to real-time market data and consistent message processing regardless of market volatility."

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