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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22nd July, 2008 - First DMA Trade in India Completed on Friday, July 11

Morgan Stanley Electronic Trading Executes First Direct Market Access Trade in India

Morgan Stanley has announced that it has executed the first Direct Market Access (DMA) trades in India through its electronic trading platform. The first customer DMA trade was completed on Friday, July 11, 2008.

“We are proud to offer DMA on the Indian exchanges,” said Scott Field-Marsham, Managing Director, Head of Electronic Trading in Asia, Morgan Stanley. “Having DMA capability in this important market further enhances Morgan Stanley Electronic Trading’s global footprint, which is of critical importance to our clients.”

Morgan Stanley executed the first DMA trades after receiving formal approval to deliver DMA to FII (Foreign Institutional Investor) registered firms for both equities and listed derivatives on the National Stock Exchange, and for equities on the Bombay Stock Exchange. In addition to FIX approval, Morgan Stanley’s proprietary electronic trading application, Passport Windows, has been certified by both the NSE and BSE.

“Today’s announcement not only highlights Morgan Stanley’s leadership in electronic trading, but it also underscores our commitment to offering our clients best-in-class execution services in India,” said Parag Gude, Managing Director, Co-Head of Equities in India, Morgan Stanley. "We believe the DMA product will be a strong compliment to our existing market leadership in sales trading and research."

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