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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October 1st, 2008 - NYFIX and SIX x-clear announce intent to enter into a partnership to develop a CCP solution for the NYFIX Euro Millennium dark pool

NYFIX and SIX x-clear Announce Plans to Deliver a Central Counterparty Solution for Euro Millennium Dark Pool

Marco Strimer, CEO, SIX x-clear: “The choice of SIX x-clear as the clearing partner for Euro Millennium provides clients with a customer-owned, customer-driven service provider which believes that both service and price are important within the clearing space."

NYFIX, Inc. and SIX x-clear, have announced their intent to enter into a partnership to develop a CCP solution for the NYFIX Euro Millennium dark pool. The solution is expected to be available by the end of 2008.

Tim Wildenberg, Head of Direct Execution Services Europe at UBS Investment Bank, and a Euro Millennium client, said: "Recent events have justified the need for CCPs in an increasingly automated world. NYFIX Euro Millennium is enhancing its offering by making the smart choice of SIX x-clear, a CCP with a proven track record of delivering robust risk management and competitive post-trade costs."

“Today’s announcement about our plan to partner with SIX x-clear marks a significant milestone in the growth and development of Euro Millennium,” said Chris Smith, Director, NYFIX International. “We are very pleased to be able to partner with a company that holds the same vision for efficient, cost-effective pan-European equity trade settlement. Since its launch earlier this year, we have seen liquidity grow dramatically in Euro Millennium and we have been working with our clients to ensure that dark trading delivers significant benefits, including price improvement and reduced market impact. One of the most important aspects in selecting SIX x-clear as our partner was the ability to ensure that mid and small-cap stocks traded on Euro Millennium could be settled as effectively as the most liquid large-cap stocks.”

Marco Strimer, CEO of SIX x-clear stated: “The choice of SIX x-clear as the clearing partner for Euro Millennium provides clients with a customer-owned, customer-driven service provider which believes that both service and price are important within the clearing space. Our real-time risk management systems provide clients with a comfort level in addition to the highly efficient and comprehensive service they expect from us. The highly automated open system architecture allows seamless integration with Euro Millennium and a short time-to-market. We look forward to working with NYFIX and continuing to develop innovative services for our mutual clients.” click here to return to the top of the page