S&P/TSX Down 765 Points, a 9% Decline to 7724 at Close
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10yr Yield Drops to 3.05% (Lowest Ever)
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Dell Beats in Q3 - 37 Cents/Share vs. 31 Estimated
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BoNY Cutting 4% (1,800 Jobs)
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Citi: Strong Capital Position, Liquidity --CNBC
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TSY - no other funds in TSY's temporary money mkt guarantee program rec'd a similar liquidation notice from the SEC
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TSY's Exchange Stabilization Fund will buy any remaining securities in The Reserve Fund at amortized cost
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TSY is helping The Reserve Fund to ensure "order and timely" liquidation
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Office of Thrift Supervision says 225 banks seeking funds are pending Agency Review
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OTS says 1/3 of Thrift Banks have sought bailout funds
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TSY - The Reserve Fund's securities are s/t Gov't paper and FNM, FRE securities
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TSY will serve as 'buyer of last resort' for The Reserve Fund's securities
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30yr Yield Drops to 3.61% (Lowest Ever) on Biggest Day Drop Since Sep-01
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TSY had taken The Reserve Fund into the Temporary Guarantee for Money Market Funds program
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TSY says they agree to help liquidate fund due to "extraordinary and unique" circumstances
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TSY agrees to help liquidate The Reserve Fund's U.S. Gov't Fund
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Long Bond Up 5 Handles in Panic-Buying
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S&P Down 5.1% to 765, Lowest Since Apr-97
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USD/JPY Drops to 94.08 (3-Week Low), Last 94.11
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DJIA Confirms New Lows Across Major US Indices
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June 13th, 2008 - Börse Berlin has announced that the core element of its Equiduct Trading platform, the VBBO (Volume Weighted Best Bid and Offer), is now able to demonstrate its quality as a trading benchmark for European markets.

Equiduct Trading’s best price (VBBO) freely accessible for Thomson Reuters customers

With immediate effect, Thomson Reuters will be making the VBBO benchmark available to customers and users of its Equities data feeds, within the framework of its real-time market data deliveries. Thomson Reuters is the worlds leading source of intelligent information for businesses and professionals. Thomson Reuters provides price information from more than 160 stock exchanges and OTC markets around the world.

The VBBO provides access to pan-European best prices for a wide range of equity securities. As the mathematically calculated best price in Europe, the VBBO corresponds to the price that investors would receive with ideal partial executions in all key reference markets that trade a particular security. The VBBO is based on the visible prices (Level 2) at two or more external reference markets. All securities covered by the VBBO must correspond to the Equiduct liquidity criteria, which are updated regularly. The VBBO prices can be retrieved using the exchange suffix .EDv

Rapid access to real-time market data around the clock is extremely important for everyone involved in financial dealings. Market data also provides the basis for the execution policies adopted by banks, and the best-possible execution of orders required by the European financial market directive MiFID. Now that it is widely available, Equiduct Tradings best price (VBBO) can be compared with other European trading data. This means that VBBO will already be in use by the worlds financial markets in the period leading up to the start of Equiduct Trading, which is imminent.

Rob Brouwer, Chief Information Officer of Börse Berlin Equiduct Trading said: I see the distribution via Thomson Reuters as an important step in establishing VBBO as a key benchmark for future market participants. The VBBO also provides pre-trade transparency for our soon to be launched PartnerEx segment which will allow participants not only to view the VBBO but also trade at this best price.

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