• A Look Inside the NYSE/DTCC Derivatives Clearing Venture NYSE Euronext has joined forces with the DTCC to launch a joint venture for clearing U.S. fixed income derivatives.
• Source: Ten or More Face Possible Madoff Charges
• Madoff Says He’s Sorry For "Error of Judgment"
• Brokers End Talks to Acquire Cogent Consulting’s Commission Management Software Firm
• Madoff Sentenced to 150 Years in Prison
• Jailed Swindler Madoff Goes to Court to Hear Fate
• Fed Engaged in "Cover-Up" of BofA-Merrill Deal
• Agency Brokers Go On Hiring Binge to Launch Fixed-Income Desks
• Bond Traders Are Drawn to Agency Commisson Payouts
• JPMorgan Tops Strong Bank List, RBS Biggest Loss
• SEC Head Wants Oversight of Some Derivatives

News

• 
  Ivy Schmerken
  NYSE Reduces Order Execution Time to Five Milliseconds, From 105 Milliseconds
• Trading Technologies CEO Responds to Crain’s Story on ELX
• London Stock Exchange Revamps Order Book Pricing
• J.P. Morgan’s Andrew Parry Elected as Co-Chair of the FPL Global Derivatives Committee
• On Point Executions Offers Options Smart Order Router Via Bloomberg EMSX
• LiquidPoint Selects Equinix NY4 for East Coast Data Center
• Penson Named First Nasdaq OMX Europe Sponsored Access Partner

Industry Opinions

• 
  Matt Samelson
  BOLTs, Flashes and Market Structure
• Goldman Still Puzzles

Editors' Opinions

• 
  Ivy Schmerken
  Merkin’s Art Sale, Is it too murky?
• SIFMA: Cost Cutting, A Double-Edged Sword?
• Vanity Fair, Madoff and the Wall Street & Tech Connection

Research

• 
  Sang Lee
  In Defense of the High Frequency Trading Community
• Bringing Transparency to Pricing and Valuations
• Financial Markets Firms Spend $1.8 Billion Annually on Data Center Space, Power and Cooling
• Benchmarking Trading Trends 2009: Crisis and Competition