Dark pools flow together

GS At Highs of the Day, Back over $100, Up 13.6%
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MS upgraded in wake of Mitsubishi deal that includes TSY backstop
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GS, MS, JPM, C bosses will be at 3pm meeting - WSJ
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Tsy Secretary meeting with "top banking heads" at 3pm est
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LaGuarde - no CAC Index stocks near bankruptcy
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Paulson to Meet w/Banking Heads at 3:00PM EST-- WSJ
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Tropical Depression Forms in Caribbean -- Nat. Hurricane Centre
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BoE Lending GBP 100 Mln To Landsbanki To Support Returns to UK Creditors -- Darling
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EU Says Bank Support Should Be Time-limited
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No Set Figure for Italian Bailout - Just "What is Necessary" - Fin Min
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Lowering Euribor Key to Boosting Market Liqudity-- ECB's Draghi
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ECB Wants Euribor Below 5%-- ECB's Draghi
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Draghi expects immediate improvement in Euroibor - sub 5 level expected
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Italian Govt. To Guarantee CB Loans to Banks -- Fin Min
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Metals: Gold Plunges @ London Fix To $831.50 (Prev. PM $900.50)
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US Has Not Requested Increased US Debt Purchases from Japan-- Japan's Nakagawa
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VIX pullback amid equities thin markets rally- minor support near 59
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Gilts Dive on UK Banks Recap Plan
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GS reverses itself on Oil - could see $50 bbl
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No guarantee for Hypo Real Estate in EU 450bln package
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First reported on Reuters, the arrangement allows algorithmic trading orders from one to tap into the additional liquidity offered by the other's electronic trading network.Each pool will remain a separate entity and the firms express no preference as to which pool will be tapped to fill orders. "The benefit to our clients is that we are reconnecting a marketplace that has been fragmented," said Andrew Silverman, Morgan Stanley's director of electronic trading. Full story at www.reuters.com/article/BANKSL/idUSN2028987120080520

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New York - 1535, 21 May 2008: Goldman Sachs, Morgan Stanley and UBS have started letting their clients access each other's dark pools to increase chances of trading orders being filled.

Dark pools flow together