Such Changes Would Bring MBS Closer to Corporate Bond Market --Kroszner
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Kroszner: Data Suggest Home Mortgage Debt Hasn't Risen at All Since Spring '08
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Kroszner: New Infrastructure for MBS Could Increase Transparency, Promote Indepndent Credit Analysis
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Data Suggest Near-Term Challenges for Housing Mkt Stabilization --Kroszner
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Kroszner: Investors Will Remain Skeptical of 2-Layer Securitized Products in Foreseeable Future
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Kroszner: MBS Securitization Contracts Should be More Homogenous, Cash Flow Structures Less Complex
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Securitization of MBS Still Worthy for Cost-Lowering Effects on Home Loans --FED's Kroszner
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Securitizations Should Involve Fewer, Larger MBS Tranches --Kroszner
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Correction: BOC Injects C$3bln in Term Repos
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Six Gunmen Shot By Indian Security at New Dehli Airport --BBC
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Of The Major Parties at Auto Hearing, Only UAW Has Done Something --Dodd
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BOC to Buy Back Up to C$500mln of Bonds on Wednesday
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Congresss Will Try Passing Auto Bailout Bill Before Leaving
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Senate Banking Committee Hearing On Auto Bailout Ends
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30yr Yield Drops to Record Low for 4th Day -- 3.0532%
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Stocks Off New Lows - S&Ps Down 4% at 833, Dow Down 3.5% at 8270
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'Not Persuaded' on Auto Bailout --Shelby on Bloomberg TV
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S&P Just Off Lows, Down 3.2% to 843
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Chrysler "More" Than Happy to Provide Assurances Taxpayers Will Get Money Back
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Citadel down 47% YTD - WSJ
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September 16th, 2008 - Investment Technology Group announces the addition of ITG Dark Algorithm to the ITG Algorithms suite of trading tools in Europe

Investment Technology Group launches ITG Dark Algorithm in Europe

Rob Boardman, Head of Algorithmic Sales, ITG: "Combined with POSIT’s unique block liquidity pool, ITG Dark Algorithm has the ability to optimise execution performance."

Investment Technology Group has announced the addition of ITG Dark Algorithm® to the ITG Algorithms™ suite of trading tools in Europe.

ITG Dark Algorithm provides access to multiple dark venues – both POSIT®, ITG’s suite of crossing products, and third-party’s (MTFs* and broker pools).

ITG Dark Algorithm seeks out hidden liquidity in the “dark” universe with minimal information leakage and provides execution inside the bid/offer spread. ITG’s proprietary anti-gaming logic is embedded, allowing traders to search for alternative liquidity without having to micro-manage orders. Traders can dynamically adjust their level of participation, depending on the degree of urgency required. In addition, clients can access the diverse, high quality liquidity available in the POSIT suite.

Rob Boardman, Head of Algorithmic Sales for ITG in Europe, comments: “Experience, and ITG’s latest research, has demonstrated that trading using dark liquidity has less impact on price than interacting with displayed liquidity. Combined with POSIT’s unique block liquidity pool, ITG Dark Algorithm has the ability to optimise execution performance. However, even in dark pools, traders need protection against gaming and information leakage in order to preserve execution quality. The introduction of the ITG Dark Algorithm reflects the ongoing evolution of electronic trading in the newly fragmented European marketplace and we are focused on providing clients with sophisticated tools to help them navigate the marketplace seamlessly and trade more efficiently.”

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