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QuantHouse makes Euronext UTP Ultra Low Latency Data Feed available

January 6th 2009 - QuantHouse announces availability of brand new Euronext UTP feed-handler to benefit from the latest high speed real-time market data for NYSE Euronext markets via multicast technology

FX Update- USD/JPY

USD/JPY maintained a supportive footing since the European morning, with the threat of Japanese FX intervention picking up after Japanese finance minister Nakagawa warned on currency intervention. The pair has not traded below 88.00 since it spiked up to 89.30 highs on large EUR/JPY buying interest and remained inside 88.00-89.00 since. JPY traders are looking towards the overnight BoJ policy decision, where the risk of zero interest rate policy increased in to the meeting after a series of Japanese rhetoric that indicated that policy changes could take place to help the stagnating economy. The latest news according to a JIJI news source is that rates will remain unchanged tomorrow for the O/N lending rate, but new ways of pumping funds in to the banking system are possible. Earlier today a Kyodo News report said the Japanese government was ready to buy banks shares worth Y2 trillion. Since then, some Japanese banks claim the amounts could end up being as much as Y8 trillion amid fears of capital ratios at Japanese banks.

More from FRE on Mortgage Rates This Week

"Interest rates for 30-year fixed-rate mortgage rates fell for the seventh consecutive week, moving these rates to the lowest since the survey began in April 1971," said Frank Nothaft, Freddie Mac vice president and chief economist. "The decline was supported by the Federal Reserve announcement on December 16, when it cut the federal funds target to a record low and stated it stood ready to expand its purchases of mortgage-related assets as conditions warrant."

European Pertinent Press

FED Slashes Rates to 0-0.25% FT1 http://www.ft.com/cms/s/0/96a7c1d2-cba0-11dd-ba02-000077b07658.html IHT http://www.iht.com/articles/ap/2008/12/17/america/Financial-Meltdown.php EU Nov New Car Registrations Down 26% WSJE6 http://online.wsj.com/article/SB122943695832110393.html Russian Nov Ind Prod Y/Y Gloomier Far Beyond Expectations WSJE9 http://online.wsj.com/article/SB122944093325110515.html European Real Estate Sees Bad News in 2009 WSJE30 http://online.wsj.com/article/SB122945709256211337.html Saudia Arabia, Opec Ready for Massive New Cuts FT1 http://www.ft.com/cms/s/940277f8-cbda-11dd-ba02-000077b07658.html IHT14 http://www.iht.com/articles/reuters/2008/12/17/business/OUKBS-UK-OPEC.php EZ PMI Lowest Ever FT3 http://www.ft.com/cms/s/e2aa15f0-cbda-11dd-ba02-000077b07658.html Belgium Resists Sale of Fortis IHT11 http://www.iht.com/articles/2008/12/16/business/fortis.php France Avoids Recession, Credits Reforms WSJE2 http://online.wsj.com/article/SB122946698726211903.html

Canada Requires Fiscal, Monetary Stimulus --Conference Board

The Conference Board of Canada today said the government should provide a temporary fiscal stimulus of up to 1% of GDP (ranging between C$10-C$13bln) next year. That should be accompanied by a well-developed plan to get back into fiscal balance as soon as the economy recovers, the board added. "Monetary policy has been the primary tool used to inject stimulus into the economy, but it may be reaching the limit of its effectiveness," said Glen Hodgson, Conference Board senior VP and chief economist. "Governments canâ��t afford to wait 18 months for the full benefit of lower interest rates to kick in. Complementary fiscal action must now ride to the rescue." Hodgson also said action of that magnitude "would create a total deficit in fiscal year 2009â��10 of $20bln or more, but that is a price worth paying for a faster recovery and a return of consumer and investor confidence." The Conference Board said stimulus funds should be targeted as follows: â�¢ Immediately enhance federal programs that provide direct support to the unemployed, since they will spend the money quickly â�¢ Use existing income-tax-based programs to provide increased financial support to low-income Canadians â�¢ Fund programs that target workers who are directly affected by the slowdown â�¢ Increase and accelerate infrastructure investment on shovel-ready projects that have already passed regulatory hurdles, or on capital renewal expenditures â�¢ Continue to intervene aggressively to ensure that Canadian firms have access to credit

FX Update- USD

The dollar moved marginally higher versus the yen following the better than expected U. of Michigan sentiment print, as equities erased some of their earlier sharp losses. Focus will remain on the fate of the auto bailout, where most recently, the Treasury said it was ready to prevent a car maker failure until Congress reconvenes.

TSY: Because Congress Failed to Act, Ready to Prevent Imminent Failure

"Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry," said a Treasury spokesperson.

Bush calls for Mugabe to go in White House statement

As my Administration has made clear, it is time for Robert Mugabe to go. Across the continent, African voices are bravely speaking out to say now is the time for him to step down. These leaders share the desire of ordinary Zimbabweans for a return to peace, democracy, and prosperity. We urge others from the region to step up and join the growing chorus of voices calling for an end to Mugabeâ��s tyranny. The United States will continue to work with our partners around the world to halt the violence and stem the humanitarian disaster that the Mugabe regime is inflicting on its people. We stand ready to help rebuild Zimbabwe once a legitimate government has been formed that reflects the results of the March elections.

Looking Ahead: NY's Morning Headlines

Stocks Reverse Higher In Higher Volume As Investors Look Past Ugly Jobs Report IBD http://license.icopyright.net/user/viewFreeUse.act?fuid=MjE0NDUzMQ== 533,000 Jobs Lost, Worst In Decades; Unemployment Up IBD http://license.icopyright.net/user/viewFreeUse.act?fuid=MjE0NDUzNA== Obama Ready to â��Put Pressureâ�� on Big Three FT http://www.ft.com/cms/s/0/8c7571a2-c48c-11dd-8124-000077b07658.html NYT http://www.nytimes.com/2008/12/08/business/08auto.html?ref=todayspaper Focus on Stimulus Not Deficit FT http://www.ft.com/cms/s/0/5a88417c-c475-11dd-8124-000077b07658.html

Fidessa signs up European clients to ILA strategy

November 24th, 2008 - 20 European clients signed up for Fidessa's Intelligent Liquidity Access Strategy