Contents

Front Page

Emissions Trading's Coming Out

Round 2 Penny Pilot Reports: Exchanges' Interpretations Differ

Canada's TMX Group Will Have Assets Covered

ICE Platform Absorbs Acquisitions

Planning for Peaks, NYSE Bolsters Hybrid

In This Issue

News Desk

Is Wall Street Listening to Risk Systems?

Cox: The Rise of Sovereign Business

Tel Aviv Exchange Comes of Age

NYSE Arca Looks to Recapture Lost Liquidity

New Platform Grid-Computing Release Eases Adoption

S&P Launches QDII Indexes for Chinese Institutions

U.K. Regulator Sets Agency Lending Disclosure Agenda

Analysis: Move Over, Hedge Funds

Securities Industry News - December 17, 2007 Index