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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Nardelli - Cerbeus will provide security for taxpayer money
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GM Down 9.2%, Ford Unch As Bailout Hearings Continue
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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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Algorithmic Trading News Items

1 November, 2007

FIXCITY Launches IOINET:STREAM and IOINET:BOOK for US Buy- and Sell-side Firms

Paul Scott, director, FIXCITY: The new modules allow the buy- and sell-side to take advantage of direct connectivity by aggregating active and historic data within a web-based repository to allow detailed analysis of liquidity.”

The modules allow traders and dealers to aggregate IOI messages, providing a complete view of available liquidity.

ioinet:book enables brokers to automatically aggregate large volumes of IOI data, sent directly to clients or via distribution networks. ioinet:book shows, in one place, all the liquidity a broker is advertising alongside the broker’s Trade Adverts (TAs) allowing traders to instantly see a consolidated view across multiple distribution platforms. This ensures traders are well informed of their market position and allows them to closely monitor and improve trading performance.

ioinet:stream offers a repository for buy-side firms to store and view all the IOIs they are sent from their brokers. It allows dealers to quickly locate available liquidity in the securities they require and carry out analysis using active and historic data. ioinet:stream keeps users up-to-date with trading opportunities through the ioinet interface, automatically alerting dealers to trading opportunities as they happen and aiding best execution.

Both ionet:book and ioinet:stream can be integrated into users’ internal proprietary or third party systems using the ioinet open application programming interface.

Robert Rowe, vice president of Americas, new business development, FIXCITY comments: “In developing ioinet:book and ioinet:stream, FIXCITY have added two highly configurable modules to its ioinet solution to provide the buy- and sell-side with innovative tools that improve trading efficiency. We have been listening to feedback from our clients and there is a strong desire for tools that can aggregate and efficiently manage pre- and post-trade data, removing the time and effort it takes to go into each of the data channels.”

The modules are accessed via a FIX connection as an extension of ioinet or as standalone modules. ioinet:book and ioinet:stream are fully-scalable and can be rapidly implemented with no minimum hardware requirements.

Paul Scott, director, FIXCITY, adds: “With high levels of direct connectivity between the buy- and sell-side in the US, buy-side traders receive IOI information from a large number of brokers in addition to accessing vendor solutions such as ioinet. The new modules allow the buy- and sell-side to take advantage of this connectivity by aggregating active and historic data within a web-based repository to allow detailed analysis of liquidity.”

FIXCITY will be available to discuss ioinet:book and ioinet:stream at stand 13 at the 2007 FPL Americas Electronic Trading Conference on November 1 and 2 at the New York Marriott Marquis Times Square.

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