All GLG News Analyses Filed Under: Exchanges & Capital Markets

Implications: 1.Anonymity - UBS Private Banking relationship with foreign wealth funds. 2.The extent of Massive losses wil have to be determined at a future date. 3.Writedowns on securities related to the US mortgage market must be clarified- $14bn?. A Hugh amount of money. 4.A "Total Re-Capitalization"...

As Web 2.0 takes hold and individual traders look to social networking sites to share information.

IT spending will continue to in crease in the financial services sector; Financial services are far too competitive to not invest in technology

Implications: 1.As time passes the Credit Market crisis may ease. 2.There will be a different impact on short-term lending vs long-term lending. 3.Money rates will take a higher postioning and a massive write- down of securities instruments. 4.The end result - measures for correction by the Central...

The concerted action of central banks all over the world smoothed out investors who had speculated on larger rate cuts by the Fed. But how about medium term. The recent capital injections target a period of 30 days and were deemed to solve immediate solvency risks. However this does...

I see an elevated risk as a consequence of this decision because (a) the bail out of the SIV will fail to allow proper price discovery of the debt portfolio acquired; (b) it will likely have a future impact on capital ratios which can lead to a contraction in lending with a multiplier effect and (c)...

I see the removal of BIIB as a PFE M&A prospect as an incremental positive for PFE.  In my view PFE using its debased currency (its shares) to fund an acquisition of BIIB would not be justified. 

The term auction facility is a positive development.  On December 11, the markets expressed disappointment because the discount rate was not cut by 50 basis points.  This new monetary policy tool more than compensates; it effectively allows the discount rate to be determined by demand and...

For portfolio investors, there are considerable risks: 1. Available for Sale Assets:After selling low rated asset backed securities worth $3 billion at a loss of $2.2 billion, much of the remaining portfolio is AA rated or higher; I find this encouraging.  Will E-Trade be able to maintain capital...

NASDAQ and NYSE have finally opened offices in China after years of regulatory hurdles. They face stiff competition, not only from other overseas exchanges (London, Singapore, Frankfurt), but also from domestic exchanges like Shanghai, Shenzhen, and Hong Kong. Local policies and politics favor these...