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 7th, 2008 - Tervela Announces Integrated Options Market Solution to Address Volatile, High-Volume Trading Conditions

Tervela announces integrated options market solution to address volatile, high-volume trading conditions

Kevin McPartland, senior analyst, TABB Group: “As firms pursue cross-asset strategies and add options processing to their trading environments, the demands that legacy financial messaging systems are required to handle increase.”

Tervela has announced an integrated options market solution designed to exceed the unique and challenging demands of the options industry. The offering couples the Tervela Message Network with professional services and high-performance options processing capabilities to deliver the predictable low latency, ultra-high message throughput, resiliency and scale required in today’s volatile, high-volume trading marketplace.

“As firms pursue cross-asset strategies and add options processing to their trading environments, the demands that legacy financial messaging systems are required to handle increase,” said Kevin McPartland, senior analyst, TABB Group. “Market makers and other firms looking to leverage options must be able to seamlessly integrate messaging systems and critical applications like FIX engines, algorithms, market adapters and feed handlers to their current architectures to prevent against system failures or their competition will leap ahead of them – and stay there.”

“In today’s volatile marketplace, no one understands what peak is anymore. You just can’t approach an options project with an equities mentality; it’s far more extreme,” said J. Barry Thompson, Co-Founder and CTO of Tervela. “Consider the Options Clearing Corporation who just last month set a new daily volume record of 26,647,538 contracts. Events like this further validate the need for a scalable messaging solution that can easily handle high-volume, latency-sensitive data distribution.

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