Consolidated Branch Office Solution - HP, Fortinet, Riverbed

Electronic Trading captures 55% of total FX Volume in 08-09

http://blogs.fxstreet.com/francesc/2010/05/11/electronic-trading-captures-55-of-total-fx-trading-volume-in-200809/
ELECTRONIC FX: AS GLOBAL MARKETS NORMALIZE, SLOW BUT STEADY GROWTH
E-Trading Displaces Telephone as Primary Trading Channel in Foreign Exchange

Tuesday, May 11, 2010 Stamford, CT USA - Global foreign exchange markets continued their migration to electronic execution last year as e-trading volumes increased amid a decline in overall FX trading activity.

Customer electronic foreign exchange trading volumes increased 7% from 2008 to 2009. While this growth pales in comparison to the 25% expansion in 2007-2008, the fact that electronic trading systems were attracting business while the overall market was contracting suggests that market participants continue to actively shift trading volumes to the platforms from other channels.

Godaddy, Network Solutions, Dreamhost, others – attacked by Wordpress php hack

http://www.ghacks.net/2010/05/09/mass-shared-host-website-hack/#comment-1073096 Reports began to appear on the Internet

two days ago that suggested that a new mass hack was underway. It was first assumed that the hack was only targeting Wordpress blogs but it soon became known that other scripts were also affected by it.

http://www.wpsecuritylock.com/breaking-news-wordpress-hacked-with-zettapetta-on-dreamhost/

resources to see if your site was hacked
http://codex.wordpress.org/FAQ_My_site_was_hacked
http://ocaoimh.ie/did-your-wordpress-site-get-hacked/
http://smackdown.blogsblogsblogs.com/2008/06/24/how-to-completely-clean-your-hacked-wordpress-installation/
http://www.snipe.net/2010/01/when-wordpress-gets-hacked/

And when you're done:
http://codex.wordpress.org/Hardening_WordPress

Google info, domain lookup:

http://www.google.com/search?hl=en&client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&q=firesavez7.com&aq=f&aqi=&aql=&oq=&gs_rfai=

Domain name: firesavez7.com

Registrant Contact:
   UIS
   Garritt Kooken 
   +86.592257788 fax: +86.592257788
   Rue de Virton 237
   Evegnee Evegnee 11111
   in


DNS:
ns3.cnmsn.com
ns4.cnmsn.com

Created: 2010-05-07
Expires: 2011-05-07

 

Wordpress security site: http://www.wpsecuritylock.com/

Fed Restarts Currency-Swap Tool as Sovereign-Debt Crisis Flares

http://www.bloomberg.com/apps/news?pid=20601087&sid=amiI5qIW8gDI
May 10 (Bloomberg) -- The U.S. Federal Reserve will restart its emergency currency-swap tool by providing as many dollars as needed to European central banks to keep the continent's sovereign-debt crisis from spreading.

The swaps with the European Central Bank, Bank of England and Swiss central bank will allow them to provide the "full allotment" of U.S. dollars as needed, the Fed said late yesterday in a statement in Washington. A separate swap line with the Bank of Canada will support as much as $30 billion, the Fed said, and the Bank of Japan said it approved reactivating its U.S. line. The swaps were authorized through January 2011.

 Euro, Global Stocks, Oil Rally on European Loan Plan; Treasuries Retreat

 U.S. Stocks Advance, S&P 500 Jumps the Most in a Year on EU Rescue Package

 Dollar Libor Holds Near Nine-Month High After EU's $1 Trillion Loan Accord

 Trichet Indicates Government Bond Purchases Not Supported by Whole Council

 EU Crafts a $962 Billion Show of Force to Bolster Euro, Halt Global Crisis

RACE TO AVERT CRISIS...
MARKETS SURGE...
WORLD INDICES...
LAST-DITCH BID: $1 TRILLION EU EMERGENCY FUND!
Bank Crunch Deepens; Default Swaps Reach Records...
Tensions simmer over pension cuts...
Euro 'could reach parity with dollar'...
SHE PAYS THE PRICE: Voters rebuke Merkel for Greek loan...
'America has good reason to worry'...
MOODY'S: U.S. Debt Shock May Hit As Soon As 2013...
Fed Restarts Currency-Swap Tool...
FANNIE MAE seeks $8.4B in aid after 1Q loss...

Get these fast trading jokers out of here: Saluzzi

High frequency trading: Why the robots must die

The robo-stock market blew a fuse Thursday. Now is Washington's chance to rewire the joint for good... http://wallstreet.blogs.fortune.cnn.com/2010/05/07/the-nyse-and-high-frequency-trading

Euro Financial Crisis – 720b EUR bailout fund

LAST-DITCH BID: $650 BILLION EU EMERGENCY FUND!
Bank Crunch Deepens; Default Swaps Reach Records...
Tensions simmer over pension cuts...
Euro 'could reach parity with dollar'...
SHE PAYS THE PRICE: Voters rebuke Merkel for Greek loan...
'America has good reason to worry'...
MOODY'S: U.S. Debt Shock May Hit As Soon As 2013...

FXCM buys ODL rumor

http://forexmagnates.com/fxcm-acquires-odl-group-to-form-worlds-largest-forex-broker/ Following months of rumors about a potential acquisition I now got a word that the acquisition was finally completed. FXCM is about to acquire ODL (pending due diligence and regulatory approval) and this merger will form world's largest retail Forex broker.

FXCM has already bought ODL's US retail business a while ago when ODL decided to exit the US market and this probably paved the way for this much larger acquisition. FXCM's volumes are about $365 billion a month and ODL, in my opinion, is making at least $100-150 billion a month thus placing the combined company above Oanda in my monthly volume surveys. The merged company will serve 200,000 clients with combined assets of over $800 million.

It’s a confidence crisis

"It's a confidence crisis," said Quincy Krosby, chief market strategist for Newark, New Jersey-based Prudential Financial Inc., which oversees about $667 billion. "You've got yourself in a vortex of negativity in Europe. In the U.S., the investigation on yesterday's trading is definitely an overhang. It's a very precarious scenario. The market is waiting for a viable solution."

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNE1LEPTAp1k

It's Not About Greece Anymore

http://www.roubini.com/euro-monitor/258851/it_s_not_about_greece_anymore The Greek "rescue" package announced last weekend is dramatic, unprecedented, and far from enough to stabilize the eurozone. 

The Greek government and the European Union (EU) leadership, prodded by the International Monetary Fund (IMF), are finally becoming realistic about the dire economic situation in Greece.  They have abandoned previous rounds of optimistic forecasts and have now admitted to a profoundly worse situation.  This new program calls for a total of 11% of GDP in terms of "fiscal adjustments" (i.e., reduction in the budget deficit; now meaning government spending cuts mostly) in 2010, 4.3% in 2011, and 2% in 2012 and 2013.  The total debt to GDP ratio peaks at 149% in 2012-13 before starting a gentle glide path back down to sanity.

MUST HEAR: Panic And Loathing From The S&P 500 Pits

"Guys this is probably the craziest I have seen it down here ever." Here it is, memorialized for the generations and away from the now openly ridiculous disinformation propaganda of the mainstream media, just what a full market meltdown panic sounds like: straight from the epicenter, the S&P 500 pits. Luckily open ouctry still exists, if at least for shock value. Click here for a first hand account of the most shocking 15 minutes in recent market history. Fat finger my ass. http://www.zerohedge.com/sites/default/files/Market%20Crash.mp3

NYSE blames electronic trading

http://www.bloomberg.com/apps/news?pid=20601010&sid=aETiygQQ8Y3g
May 6 (Bloomberg) -- Computerized trades sent to electronic networks turned an orderly stock market decline into a rout, according to Larry Leibowitz, the chief operating officer of NYSE Euronext. Nasdaq OMX Group Inc. canceled trades in 286 securities that rose or fell 60 percent or more.

While the first half of the Dow Jones Industrial Average's 998.5-point intraday plunge probably reflected normal trading, the selloff snowballed because of orders sent to venues with no investors willing to match them, Leibowitz said in an interview on Bloomberg Television.

"If you look at the charts you can see fairly clearly where the trades came in," he said from New York. "It's that V-shaped drop where it came down and snapped right back up. You had some very high-cap stocks trading down 50 percent or large percentages in a split-instant because there really was no liquidity in electronic markets."

The selloff briefly erased more than $1 trillion in market value as the Dow average tumbled 9.2 percent, its biggest intraday percentage loss since 1987, before paring the drop. The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are reviewing "unusual trading" that contributed to the plunge.

Stock Selloff May Have Been Triggered by a Trader Error

In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points before paring those losses in what possibly could have been a trader error. 

According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble
[PG  60.75    -1.41  (-2.27%)   ], a component in the Dow. (CNBC's Jim Cramer noted suspicious price movement in P&G stock on air during the height of the market selloff.

Sources tell CNBC the erroneous trade may have been made at Citigroup

"We, along with the rest of the financial industry, are investigating to find the source of today's market volatility," Citigroup said in a statement. "At this point we have no evidence that Citi was involved in any erroneous transaction."

According to a person familiar with the probe, one focus is on futures contracts tied to the Standard & Poor's 500 stock index, known as E-mini S&P 500 futures, and in particular a two-minute window in which 16 billion of the futures were sold.

Citigroup's total E-mini volume for the entire day was only 9 billion, suggesting that the origin of the trades was elsewhere, according to someone close to Citigroup's own probe of the situation. The E-minis trade on the CME.

In an interview on CNBC, the New York Stock Exchange's CEO, Duncan Niederauer, said there were no bad trades on the Big Board. He also suggested that it may not have been one bank involved in the the bad trade.

The massive selloff, which began shortly after 2 pm ET, amplified concerns about the spreading European debt crisis as the approval of austerity measures by the Greek Parliament sparked renewed rioting in Athens.

"There is simply a growing recognition that Greece has got to default," banking analyst Dick Bove told CNBC.com. "The riots in the streets showed the decision to repay the debt was not going to be made by the people in Germany, France and Switzerland—it's going to be made by people in Greece and they're not going to repay it."

http://www.thestreet.com/story/10749060/1/stock-market-crash-or-trading-error.html?cm_ven=GOOGLEN NEW YORK (TheStreet) -- The Dow Jones Industrial Average plunged on Thursday afternoon, as the week-long selloff in the markets took a turn for the worse and began the talk of a stock market crash.

Bloomberg server down

Gateway Timeout

The proxy server did not receive a timely response from the upstream server.

Reference #1.79a1160.1273173550.2e49be2

http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV

European banks halt lending

http://www.cnbc.com/id/36988229 The Dow plunged Thursday amid buzz in the market that European banks have halted lending.

One trader, on the condition of anonymity, said he heard fixed income desks in Europe shut down early because there was no liquidity — basically European banks are halting lending right now.

"This is similar to what took place pre-Lehman Brothers," the trader said.

UK deficit largest in Europe

http://www.thisismoney.co.uk/news/article.html?in_article_id=503927&in_page_id=2#ixzz0nB24NoHW EU economists have predicted that the UK's budget deficit will remain larger than that of any other European nation this year.

Forecasts from the European Commission (EC) today predict that UK net borrowing will be 12% of output in 2010 - a higher proportion than any other country in the 27-member block, including Greece at 9.3%.

While Greece's deficit is not the highest in the EU, concerns about the government's ability to pay it back are higher because of its high debt levels and weak economy.

Read more: http://www.thisismoney.co.uk/news/article.html?in_article_id=503927&in_page_id=2#ixzz0nB6oxD8d