Links for March 26, 2007

By: Ray Pellecchia

File Under: Bonds, NYSE

• 0 Comments
• Email Entry

The name is Bonds. NYSE Bonds. : NYSE plunges into bonds -- The Big Board said it got approval from the Securities and Exchange Commission to begin its bond trading operations. NYSE Bonds, which is actually the second attempt by the exchange to get into the business, will begin its rollout April 23. It will allow trading in 6,000 debt securities, mostly corporate debt of issuers already listed as equities on the exchange, such as bonds of Ford Motor and AT&T....Thain has talked about creating a market where a company can trade its whole balance sheet, debt, options, equities and ultimately futures contracts. Listed companies "want one-stop shopping," says John Holman, vice president of fixed income at NYSE who has spent the last two years putting together the new program. (Forbes.com)

As mentioned here last Friday: NYSE Plans to Comply With Rules by Routing Orders to NASD, ISE: The NYSE said in the notice that it plans to route orders to the International Securities Exchange and the NASD's Alternative Display Facility whenever those markets have better prices for stocks...``The rollout is expected to conclude the week ending March 30, pending continued successful implementation of the new software,'' the NYSE said in the notice... (Bloomberg)

NYSE Group and Black Enterprise Magazine Salute the Legacy of African Americans in the Financial Services Industry; Reception to honor African American contributions on Wall Street : NYSE Group and Black Enterprise Magazine have teamed up to pay tribute to the past, present and future of African Americans on Wall Street. The two organizations will host a fundraiser benefiting an upcoming documentary, Wall Street In the Black, and Operation HOPE, Inc., a non-profit organization teaching youth the importance of financial literacy. The event will honor the individuals and firms who have shaped the African American presence on Wall Street during a reception and dinner at the NYSE on Wednesday, April 25, 2007. Confirmed sponsors to date Include: NYSE Group, Inc.; Black Enterprise Magazine; Credit Suisse; Fried, Frank, Harris, Shriver & Jacobson LLP; Goldman Sachs; Lehman Brothers; Morgan Stanley; and Operation HOPE, Inc. [I've had the pleasure of being involved with this project, which will help complete an excellent documentary. If you have any interest in buying a table or a seat or otherwise contributing, send me a note, which I'll keep private, and I'll get you the details. -- RP]

Robert Frost was born On This Day in 1874. According to the New York Times obit of the great man in 1963, Frost once said, "Young poets forget that poetry must include the mind as well as the emotions. Too many poets delude themselves by thinking the mind is dangerous and must be left out. Well, the mind is dangerous and must be left in."