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Interactive Data Introduces New Service That Calculates Intra-Day Valuations for Equity and Fixed Income Exchange Traded Funds

September 27th, 2007 - Interactive Data Corporation has announced the Basket Calculation ServiceSM, a new web-based offering that is designed to provide clients with the indicative optimized portfolio value (IOPV) for equity and fixed income exchange traded funds (ETFs).

Sovereign Bank now live with SIERRA First Order fromGL TRADE Capital Markets Solutions

September 18th, 2008 - SIERRA First Order helps Sovereign Bank to automate transaction workflow, streamline operations

Trading Technologies Launches Connectivity to Brazilian Exchange BM&FBOVESPA

October 7th, 2008 - TT links X_TRADER derivatives trading platform to BM&FBOVESPA, via the CME Group’s Globex platform.

FX Update: Euro Strengthens

The EUR has managed to find a better footing amid the abatement in risk aversion, which has supported EUR/JPY and allowed EUR/USD to recover a steadier footing. The coordination of yesterday's rate cuts by the ECB, Fed and others, was partly to avoid currency market disruptions that one-at-a-time easings would have caused. Interestingly, though not surprisingly, and as the FT suggests, the ECB is not keen to see the euro advance. EUR/USD recovered about 170 pips in making its intraday high of 1.3717. Some Mid East and Eastern European names have been reported selling into gains in early European trade, along with an Asian sovereign account (possibly linked to South Korea's continued intervention in the KRW, according to market gossip). Market focus will remain on crisis developments. The drawbacks of the eurozone's integrated economy versus its divergent governing structures should limit upside potential.

FX Update- EUR/USD

Dealers report Sovereign EUR/USD bids into the 1.3450 level, just above Monday's 1.3441 trend low. Downside pressure appears to have been relieved somewhat with London's departure for the weekend, though another downdraft in equities, could see EUR/USD selling resume later. In the meantime, price action remains choppy and largely order driven.

Sovereign Bancorp in "Advanced Discussions" on Deal to Be Acquired by Banco Santander --Press Release

Banco Santander already controlls 24.9% of Sovereign stock. Sovereign is up 1 cent at $3.82

FX Update: EUR/USD

EUR/USD has climbed back from N.Y. lows near 1.3610, now trading at 1.3675. Sell-stops were a feature in the break under 1.3690-80 earlier, though dealers have reported the return of sovereign buyers provided support ahead of 1.3600.

FX Update- EUR/USD

EUR/USD slipped to N.Y. session lows of 1.3380, where once again sovereign bids returned. In addition,dealers noted London names covering shorts, while a U.S. account was reportedly buying on behalf of an option player. The pairing remains in sell the rally mode however, and upside is seen limited to 1.3460 for now.

FX Update- EUR/USD

EUR/USD is underpinned by sovereign name bids reportedly layered from 1.3380 down to the 1.3350 area, which is the region where good interest was noted in Thursday's session. Sovereign names have been the only meaningful buyers of euros in the last few sessions, with real money names and leverage accounts selling on strength as European growth concerns and general interest to repatriate the dollar continues to dominate flows.

FX Update- EUR/USD

EUR/USD has moved to N.Y. session highs toward 1.3460, as London names are on the bid into the weekend. The pairings earlier failure to stay under the 1.3400 level, where sovereign buyers were noted has prompted N.Y. dealers to play from the long side of the ledger so far, and we see scope for a test toward 1.3500, especially should equities continue to pare opening losses.