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 26th, 2008 - NASDAQ OMX Europe commences trading today just six months after announcing its intent to launch a multilateral trading facility

NASDAQ OMX Europe Begins Trading

Charlotte Crosswell, President, NASDAQ OMX Europe: “With our unique order routing capability, not offered by any other MTF, we have the capability to revolutionise the trading environment in Europe.”

NASDAQ OMX Europe commenced trading today just six months after announcing its intent to launch a multilateral trading facility (MTF). Trading has begun in 25 FTSE 100 stocks and this will be followed by a staggered roll-out of approximately 600 European securities, to be completed by the end of October.

Charlotte Crosswell, President of NASDAQ OMX Europe commented, “We are delighted to deliver our platform on plan within the aggressive timeframe we established. We are looking forward to delivering a better trading experience to investors as securities trading moves towards higher volumes executed at faster speeds. With our unique order routing capability, not offered by any other MTF, we have the capability to revolutionise the trading environment in Europe.”

In connection to the NASDAQ OMX Europe launch today, the NASDAQ OMX Europe Index (symbol: NEUX) is introduced. The NASDAQ OMX Europe Index will be a market capitalized weighted index designed to track the companies traded on the NASDAQ OMX Europe market place. The Index will commence calculation with a value of 1500.00 today. The NASDAQ OMX Europe Index will be calculated in Euros and disseminated every 15 seconds.

NASDAQ OMX Europe customers speaking on behalf of the market:

Naseer Al-Khudairi, Co-Head of Cash Trading at Credit Suisse said, “We are excited to offer our clients access to NASDAQ OMX Europe and to be amongst the very first participants to trade on the platform. By adding NASDAQ OMX Europe as yet another destination to our smart order router, AES Pathfinder we will be able to deliver further improvements to our clients' execution performance. Ultimately our aim is to achieve the best possible execution for our clients through accessing multiple pools of liquidity in the most intelligent manner.”

Stephen McGoldrick, Director Market Infrastructure at Deutsche Bank said, “NASDAQ OMX Europe's launch is another welcome step towards a competitive market for execution services. We wish them well with this exciting venture and hope their presence contributes to a more resilient Pan European equity market.”

Richard Balarkas, CEO of Instinet Europe Ltd. Said, “Nasdaq OMX’s launch heralds an important new phase of competition amongst Europe’s traditional exchanges and new MTFs, and should provide improved liquidity and prices to the international trading community. Asan agency broker whose sole mission is to achieve a high-quality trade execution for our clients, we wish Nasdaq OMX Europe every success.”

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