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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July 18th, 2008 - FIX Protocol Limited (FPL) has announced that Chris Jackson, Director of Equity Markets at Merrill Lynch, has been elected as Co-Chair of the FPL EMEA Regional Committee

Chris Jackson of Merrill Lynch Elected as Co-Chair of the FPL EMEA Regional Committee

Chris Jackson, Director of Equity Markets. Merrill Lynch: "Within this new position I look forward to applying my skills and experience to help FPL achieve its strategic goals to ensure that the adoption of the FIX Protocol continues to gain momentum for the benefit of the financial services industry globally."

In this role Mr. Jackson will work closely alongside Co-Chair Daemon Bear, Head of Equity Trading at JPMorgan Asset Management, who was elected to this position in June 2008.

Mr. Jackson has a strong understanding of the global electronic trading environment, with over 15 years professional experience. He joined Merrill Lynch in 1997 and has held senior positions in portfolio trading sales in both the firms EMEA and New York offices. He is currently responsible for selling Merrill Lynchs global equity execution platform including algorithmic trading, direct market access, smart order routing and transitions. Prior to his current tenure, he worked within Equities at SBC Warburg.

Mr. Jackson has been a very active member of the FPL EMEA Governance Board over recent years, participating in both strategic and operational decision making. Commenting on his appointment he stated "Over the past decade, advancements in trading technology have delivered significant benefits for the underlying investor in the form of greater efficiencies, transparency, cost savings and more streamlined business practices. By developing and maintaining an industry-wide open standard for the transfer of electronic trading information, FIX Protocol Limited stands out as an example of effective self-regulation in the financial services market. Within this new position I look forward to applying my skills and experience to help FPL achieve its strategic goals to ensure that the adoption of the FIX Protocol continues to gain momentum for the benefit of the financial services industry globally."

Co-Chair Daemon Bear added, "It is a very interesting time for the EMEA region. In November 2007 we witnessed the implementation of MiFID in Europe and we are now seeing new players entering the market in response to this regulation. There is growing interest in electronic trading practices in Eastern Europe and the Middle East, and the FIX Protocol, which was traditionally utilised within buy-side to sell-side communications, is gaining traction as a solution within the exchange-to-market space. I am very excited about the potential these developments offer for FPL and I look forward to working alongside Chris who is an outstanding advocate for the advancement of electronic trading practices."

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