CS Cuts AA 2009 EPS Forecast from $1.50 to $0.15
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EUR/USD Consolidating Just Above 1.3420
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BoC To Auction C$2bln In 28 Day TLF on Jan 12
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BoC To Auction C$1bln In 14 Day PRA on Jan 12
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C, MS in Talks to Merge Brokerage Units --CNBC
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Merkin Leaving GMAC Board
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C: Rubin Will Stay on as Director Until Term Expires --CNBC
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Moody's Puts FDX (Baa2) on Outlook Neg
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WSJ reports Robert Rubin is "tired of defending" his Citi tenure
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Rubin Leaving Citigroup --WSJ
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NY FED Board Will Meet Tomorrow to Consider Geithner Replacements --Reports
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Boeing to Cut 4,500 Jobs --WSJ
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'Wickedly Nasty' Recession; Zero Upward Pressure on Rates --Pimco's McCulley on Bbg TV
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Pemex: Fisherman Protest at Salina Cruz Terminal Jeopardizes Shipments
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YHOO Likely to Pick Decker, Bartz, or 3rd Candidate for CEO Next Week
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Crude Down 3.5% at 40.27
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Exxon: Planned Repairs to Torrance, CA Refinery (150k BPD) Include Hydrotreater, Alky, Sulfur, FCC Units
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10yr Up 0.75% at 126-08
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Exxon Closes Units at Torrance, CA Refinery (150k BPD) for Maintenance
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Barclays Cuts J Crew from $10 to $5
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Mar 7 2007 - BATS, an electronics communications network, looks to compete with Nasdaq as more trading moves to electronic platforms.

New trading system lands Merrill investment

BATS Trading, an electronics communications network, received a minority investment from Merrill Lynch on Wednesday. Kansas City-based BATS, which stands for a better alternative trading system, averaged a daily volume of 307 million shares in February, or about 13.3 percent of the Nasdaq-listed volume."We see the Nasdaq as our chief competition," said Randy Williams of BATS Trading, who said the firm's technology and liquidity allows it greater competitive advantage to capitalize on regulatory change. ECNs are electronic markets that allow orders to be placed and matched without a trading floor. Reg NMS, new regulations affecting high-intensity algorithmic trading, go into effect this week. "They're a big positive for us," Williams said. "They're rules designed to level the playing field."

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