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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Instinet and Credit Suisse?s Advanced Execution Services (AES) Partner to Deepen Their Upstairs Liquidity Pools

Instinet, has announced a partnership with Credit Suisse?s Advanced Execution Services (AES) unit to significantly deepen the pool of institutional-only liquidity available to each firm?s clients. With the reciprocal agreement, the firms will provide their clients with access to each other?s ?dark? liquidity pools ? Credit Suisse?s CrossFinder and Instinet?s CBX ? thereby increasing institutions? chances of executing larger trades with minimal market impact.

?The recent evolution of the equity markets has produced exponential growth in ?dark? liquidity pools, and this new dynamic has fragmented markets and created a logistical nightmare for our institutional clients,? said Michael Plunkett, President, North America at Instinet. ?We are addressing this issue by opening up our CBX to Credit Suisse?s institutional order flow and, simultaneously, offering Instinet?s institutional clients access to CrossFinder. Our goal is to solve the buy side?s new frustration by creating partnerships that enhance access to liquidity while continuing to provide anonymity.?

?This is a win for both Credit Suisse clients and for Instinet clients. Credit Suisse?s CrossFinder and Instinet?s CBX are industry-leading ?dark? pools. Being able to access the combined liquidity will enhance performance and increase fill rates throughout the entire suite of AES algorithms,? said Dan Mathisson, Managing Director and Head of Advanced Execution Services at Credit Suisse.

Under the terms of the deal, Credit Suisse?s CrossFinder will now become an additional liquidity pool that Instinet?s Nighthawk algorithm sweeps, while Instinet?s CBX will be added as a liquidity source to Credit Suisse?s Guerrilla algorithm. The agreement also calls for each firm?s suite of algorithms to be available through the other?s trading front ends ? Instinet Trading Portal? and Newport from Instinet and through more than 40 trading systems that partner with Credit Suisse.

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