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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June 25, 2007

BNP Paribas selects Caplin Trader for online trading

Andrew Cohen, Global Head of eCommerce Marketing, BNPP, says: “Our current system has supported us well through the first stage of developing online trading offerings, but now we are keen to take it to the next level and create a more sophisticated platform that lets us anticipate market demands and rapidly add new functionality. Caplin’s proven web technology supports our ambitious technology plans by giving us advanced functionality combined with massive scalability.”

After a rigorous selection process of nine months, BNPP chose Caplin in May this year. BNPP plans to install Caplin Trader in its London office and it is expected to go live in autumn 2007. Caplin Trader will be used to create a Rich Internet Application, which will enable BNPP to offer online best price and core trading functionality. The advanced Ajax front-end will make it easy for an end user to create a trading screen just using ‘drag and drop’.

Caplin Trader can be accessed from any standard web browser, with nothing to install and no changes to security settings or firewalls, which will enable BNPP to access a larger customer base. Caplin Trader is a web trading toolkit using Ajax technology, which is easy to customise and extend. Built on the Caplin Platform, its scalable architecture will enable BNPP to keep abreast of customer demand by just adding new servers as and when required.

Paul Caplin adds: “BNPP is one of the early major adopters of the new Caplin Trader product. BNPP’s strategy underscores the fact that to attract and retain trading liquidity, banks must have state-of-the art single-dealer portals. I believe Caplin Trader will enable BNPP to secure a lion’s share of this burgeoning market.”

Caplin’s technology serves over 80,000 end-users in top tier financial institutions such as Citigroup, Merrill Lynch, Royal Bank of Scotland, UBS, Royal Bank of Canada and ABN Amro.

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