S&P Cuts Sears from BB to BB-
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Frank, Kashkari sitdown on Thursday re TARP
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Chairman Frank Says Congress Would Reject 2nd Part of $700 Billion Bailout If Vote Held Today
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GM turned down Chrysler merger because market dropped, merger costs, public funding might have been available
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Nardelli - defending Cerbeus interest in Chrysler
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Chrysler CEO Nardelli - private equity is not a few rich guys taking over a company
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GM Stock Declining To Session Lows During Senate Bailout Hearing
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Canada's New Toyota Plant Will Create 1200 Auto Jobs
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Shumer-Congress Realizes Letting Big 3 Fail 'Catastrophic"
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Chrysler Needs $4 bln To Get Through March 31-CEO Nardelli
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Big 3 All Support Oversight Board In Loan Program
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March 31 Can Be a Deadline for Showing Progress with Bailout Money--Nardelli
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Fed Expected To Reject Auto Bailout-WSJ
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GM head - significant amount of CDS written against GM paper that would be triggered should GM declare bankruptcy
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Nardelli - talking balance sheet concesssions in effort to get "bridge loan"
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Redbook SSI Index - only positive gains - Discount Stores up 0.2% in November
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Redbook details - Apparel index down 9% in Nov, Department Stores down 13.6%
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Redbook SSI - 22.5% retailers posted positive comps, 72.5% posted Negative Comps
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Citadel Lost 13% in November, 47% YTD --WSJ
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Crude Falls Below $44 Handle
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Feb 7th 2007 - Kdb+ Database, Kdb+tick and Q Language Provide Streaming and Historical Query Capabilities Across Multiple Trading Desks

UniCredit HypoVereinsbank (HVB) Selects Kx Systems for Realtime

Kx Systems has announced that HypoVereinsbank (HVB) has gone into production with a cross-asset database system for proprietary trading desks in Munich and London. The Kx solution is being used to capture and analyze millions of streaming market ticks for immediate realtime analysis and perform complex analytics on historical data.

The kdb+tick application layers on top of the kdb+ database to provide multi-asset traders with an accurate and instant view of global markets. They can capture and analyze millions of ticks as well as terabytes of historical data and achieve impressively fast results on both. The "q" language, designed to deliver fast application and query performance on very large databases and on time-ordered data, was used throughout the entire system to create a unified platform architecture with very low latency between data capture and analysis.

"We reviewed several database solutions and no other vendor offered us the ability to process streaming, realtime and historical data within one architecture," said Thilo Friess, Project Manager, HVB. "We trade multiple asset classes in many different markets and we needed a flexible system with a built-in programming language to make it simple to add additional instruments and expand to more trading desks. Kx beat the other vendors we evaluated in every performance category that was important to us."

"HVB is the ideal example of how customers performing cross-asset trading in different geographies can use our unified platform and flexible programming language to gain competitive advantage," commented Simon Garland, Kx CTO. "We gave HVB the tools to build a custom system on 64-bit hardware that met the specific requirements of their proprietary trading desks and allowed them to optimise trading opportunities much more quickly than their competition."

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