Moody's Puts FDX (Baa2) on Outlook Neg
::
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
::
Pemex: Fisherman Protest at Salina Cruz Terminal Jeopardizes Shipments
::
YHOO Likely to Pick Decker, Bartz, or 3rd Candidate for CEO Next Week
::
Crude Down 3.5% at 40.27
::
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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First Bancorp Gets $65mln of TARP Funds
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Frank - will Trust but Verify on TARP oversight
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Frank: Another TARP Hearing Next Week
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Frank: TSY Had 'Inexplicable' Failure to Use TARP Funds for Foreclosures
::
Earlier: FED Buys $1.4bln of GSE Coupons
::
Important to Maintain Independence of the FED --Lacker
::
Housing Construction to Bottom Out in 2009 --Lacker
::

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Its not every MTF in Europe that has its own bell to sound the start of trading, but much of the comment on MiFIDs first year does have a celebratory ring to it. William Essex goes in search of harmony in a fragmented market.

Saved by the bells?

So the presidents, prime ministers and other national leaders of the European Union got together in early October, in Paris, for a summit on the banking crisis. They agreed that they should act together rather than separately to prop up the EU’s banks. Then they all went home and did their own thing. Even Germany intervened to save Hypo Real Estate, after a bank-led rescue attempt collapsed. When Fortis went down, the Dutch governments dived straight in and nationalised the bank’s Dutch operations, while the Belgian and Luxembourgeois governments took minority stakes in BNP Paribas, and BNP Paribas, in turn, took controlling stakes in Fortis’ Belgian and Luxembourgeois operations. The Greek, Austrian and Danish governments then issued deposit guarantees. In Paris, everybody had agreed that the Irish had been wrong to get in first with their deposit guarantee. ...

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Its not every MTF in Europe that has its own bell to sound the start of trading, but much of the comment on MiFIDs first year does have a celebratory ring to it. William Essex goes in search of harmony in a fragmented market.

Saved by the bells?

Subscribers Only Content

This article is for subscribers only, please either log into your account above or click here to purchase a subscription for Automated Trader Magazine.

Its not every MTF in Europe that has its own bell to sound the start of trading, but much of the comment on MiFIDs first year does have a celebratory ring to it. William Essex goes in search of harmony in a fragmented market.