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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July 16th, 2008 - Knight Appoints Bradley W. Duke Head of Institutional Electronic Sales in Europe

Knight Appoints Bradley W. Duke Head of Institutional Electronic Sales in Europe

Knight Capital Group has announced the appointment of Bradley W. Duke to the newly-created position of Managing Director, Head of Institutional Electronic Sales in Europe. Mr. Duke joined Knight from Jefferies & Company, Inc. where he worked in European institutional electronic sales and business development for the past eight years.

Mr. Duke is responsible for overseeing sales of Knight's electronic market access and trade execution services to European-based institutional firms, including asset managers, hedge funds, pension funds, broker-dealers insurance companies and banks.

"Europe is one of Knight's critical areas for growth over the next several years," said Gregory C. Voetsch, Executive Vice President and Head of the Institutional Group. "We believe that Knight's expansion of our electronic capabilities in Europe will be fully complementary to our best-in-class voice trade execution services. Knight has a significant traditional sales trading presence out of London, and now we are turning our eye to increasing our electronic trading reach in Europe as well. Knight is committing considerable resources to our European expansion, including hiring talent with in-depth knowledge of European market structure."

Through its hybrid market model, Knight provides clients the choice of market access and high-quality executions through the combination of electronic and voice access and trade execution services. The European trade execution industry is facing increasing liquidity fragmentation following the implementation of the Markets in Financial Instruments Directive (MiFID) in November 2007, and the increasing adoption of electronic access and trading. Knight's institutional electronic offering includes Knight Direct EMS, a multi-asset class direct market access platform; EdgeTrade algorithmic strategies, including smart order execution technologies; Knight Match, an anonymous, agency-only dark pool for U.S. equities; and the Hotspot FX foreign exchange ECN.

"The liquidity within the European trade execution industry is becoming increasingly fragmented post-MiFID," Mr. Duke said. "Knight has an opportunity to apply its vast knowledge of sourcing liquidity to the European context. European traders are already looking for more advanced electronic trading platforms that include next-generation aggregation algorithms coupled with direct market access technology.

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