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TABLE OF CONTENTS

April 2005

FRIDAY APRIL 29
Will It Rally?

Experts predict a blockbuster trading day - precisely what the markets need to compensate for a bleak April > read more

THURSDAY APRIL 28
Morgan Stanley Board Considers Splitting Co.

Board members of the troubled Wall Street firm reach out to executives who quit in protest over CEO Philip Purcell > read more

THURSDAY APRIL 28
Private-Equity Firms Ponder IPO

Firms like Carlyle and Blackstone Group consider selling shares after encouraging Belgian IPO > read more

WEDNESDAY APRIL 27
Ready to Rumble

Yet another ArcaEx scandal is brewing as legendary pit trader Lewis Borsellino fights the ECN founders in court > read more

WEDNESDAY APRIL 27
Thain Pleads His Case

John Thain, head of the NYSE, will sit down with critics of the Archipelago deal in a meeting orchestrated by John Mack > read more

TUESDAY APRIL 26
NYSE, Archipelago Stretch Out

The future NYSE Group Inc. announces it plans to create a global marketplace for options and futures > read more

TUESDAY APRIL 26
Langone Recruits Mack for NYSE Rival Bid

During his meeting yesterday with 10 Wall Street firms, the former NYSE Director recruited Credit Suisse's John Mack to study the NYSE-Archipelago deal > read more

TUESDAY APRIL 26
The Gifts That Keep on Taking

A South Beach bachelor party spirals into a U.S. Justice Department probe about violated gift rules and more > read more
Keywords: Insider Info

MONDAY APRIL 25
Langone Calls Meeting For NYSE Bid

Many Wall Street executives will gather at 2 PM today to learn about Kenneth Langone's plan to acquire the NYSE > read more

MONDAY APRIL 25
Let the Spitzer Backlash Begin

The New York attorney general faces fresh antagonism at the start of a criminal trial sparked by his investigations > read more

MONDAY APRIL 25
NYSE Brokers Threaten Mass Defection

Golman Sachs has earned the distrust and ire of many Big Board brokers unhappy with the proposed Archipelago deal > read more

MONDAY APRIL 25
Enron Traders' Greatest Hits

America's favorite corporate criminals are caught on tape celebrating mass destruction > read more
Keywords: Insider Info

FRIDAY APRIL 22
Google This!

In a well-timed response to Bill Gates' recent declaration of war, Google shares leapt 7.3% following an outstanding earnings report > read more

FRIDAY APRIL 22
Exchange Members Brace For Windfall

NYSE seats, now selling for $1.8 million, may hit $2.7 million, according to the terms of the Archipelago deal > read more

WEDNESDAY APRIL 20
Big Board Embraces Electronic Trading

The NYSE has announced it will acquire Archipelago, a leading electronic trading system, driving its old-school market into the digital frontier > read more

WEDNESDAY APRIL 20
Currency Traders Asleep At the Lira

Despite an upcoming EU charter vote that could heavily impact the Turkish lira, few traders are taking steps to protect their currency positions > read more

WEDNESDAY APRIL 20
Perelman Points Fingers

The '80s corporate raider tells the jury hearing his $2.7 billion lawsuit against Morgan Stanley: "We did not expect Morgan Stanley to lie to us" > read more

TUESDAY APRIL 19
Yellow Card

Nick Leeson, the notorious trader who collapsed Barings Bank a decade ago, is the new commercial manager of Galway United > read more

TUESDAY APRIL 19
No Place Like Home?

Falling 17.6% to a 14-year low, March housing starts stunned Wall Street economists who expected real estate to only slightly suffer > read more

TUESDAY APRIL 19
Inflation Rears Its Ugly Head

U.S. producer prices edge up .7%, though core inflation remains unmoved > read more

TUESDAY APRIL 19
Spitzer's Day in Court

Jury selection begins next week for the trial of former B of A broker Theodore C. Sihpol III, charged by Spitzer with fraud and grand larceny > read more

MONDAY APRIL 18
Forbes: Market Bled Dry

Forbes columnist Dan Ackman blames last week's historic market dip on oil and real estate > read more

MONDAY APRIL 18
AMEX Charge

Can CEO Neal Wolkoff fix a very broken AMEX? His Board of Governors thinks so > read more

FRIDAY APRIL 15
Nasdaq Sets Sights on Instinet

Instinet sale could streamline the marketplace for electronic trading > read more

FRIDAY APRIL 15
Empire State Not Building

An unexpected decline in the New York manufacturing index sparks speculation about a cooling economy > read more

THURSDAY APRIL 14
NYSE Scandal Offers New Hope?

After the shock and awe subsides, can the exchange use this opportunity to clean house and institute reforms? > read more

THURSDAY APRIL 14
Running on Empty?

The U.S. economy stagnated under lower consumer confidence and retail spending in March > read more

WEDNESDAY APRIL 13
CBOT IPO Takes Shape

The CBOT voted last Thursday to demutualize a de facto vote to go public > read more
Keywords: Insider Info

WEDNESDAY APRIL 13
SEC To Go Soft on Soft Dollars?

The SEC will likely rule soon on how buy-side money managers and hedge funds can dole out trading commissions > read more
Keywords: Insider Info

WEDNESDAY APRIL 13
Big Bored Scandal

Specialist indictments spark chain yawn on the floor > read more
Keywords: Insider Info

WEDNESDAY APRIL 13
Fed Hawkish On Inflation

Federal Reserve meeting notes suggest an impending bump in interest rates to fend off inflation > read more

WEDNESDAY APRIL 13
Goldman Sachs Raises Megafund

$8.5 billion private-equity fund is the largest of its kind - ever > read more

TUESDAY APRIL 12
Anti-Purcell Campaign Picks Up Steam

The executive dissidents at Morgan Stanley have requested a meeting with the firm's directors to air their criticisms of CEO Philip Purcell > read more

TUESDAY APRIL 12
NYSE Specialists Indicted

If convicted of fraud, the 15 traders could face 5-20 years in jail and stiff fines > read more

MONDAY APRIL 11
Online Brokerages Slash 'N' Burn

Ameritrade, E-Trade and Charles Schwab suffer through a price war that deflates share prices alongside commissions > read more

FRIDAY APRIL 08
Yo Ho Ho and a Larger Stake In a Linen Services Company

Pirate Capital prepares to come aboard Angelica Corp.? > read more
Keywords: Insider Info

FRIDAY APRIL 08
Papacy Market Simmers

For the first time, speculators can trade options on the future of the Holy See > read more
Keywords: Insider Info

THURSDAY APRIL 07
Sex Bias Costs UBS $29 Million

A former UBS saleswoman becomes the latest plaintiff to collect a momentous sexual-discrimination award from a Wall Street stalwart. > read more

TUESDAY APRIL 05
Greenspan: Leave Oil Alone

Despite record-setting gas prices across the U.S., Alan Greenspan warned against meddling with pump prices. > read more

TUESDAY APRIL 05
Grasso Pay Details Unveiled

More than 1,000 pages of notes regarding Richard Grasso's NYSE pay and performance will be made public. > read more

TUESDAY APRIL 05
Reg NMS Becomes Real
By Trader Monthly
The S.E.C. voted last week to adopt a new set of equity trading rules called Reg NMS > read more

MONDAY APRIL 04
The Donut Diaries

Krispy Kreme is fighting for its life with a deal to obtain $225 million in new financing just in time to meet its credit deadline. > read more

MONDAY APRIL 04
When Will the Oil Spike Stop?

U.S. motorists are spending an average of $2.15 per gallon for regular unleaded gasoline, a price certain to rise this summer > read more

FRIDAY APRIL 01
NYSE Specialists Tanked in 2004

New York Stock Exchange specialist firms collectively lost $38 million in 2004, their first annual loss since 1988. > read more

FRIDAY APRIL 01
I am Woman. Watch Me Sue.

Four female brokers slapped Smith Barney with a discrimination lawsuit on Thursday. > read more

THURSDAY MARCH 31
Hubris vs. Laziness: The Email War

The trading community is buzzing about a caustic and internationally insensitive email exchange between two industry hot shots. > read more

TUESDAY MARCH 29
Stevie Goes Long

SAC Capital’s Stevie Cohen has super-sized his equity portfolio > read more
Keywords: Insider Info

TUESDAY MARCH 29
They Put the KL in Klepto

Good luck to investors in Palm Beach house-of-cards hedge fund KL Group > read more
Keywords: Insider Info

WEDNESDAY MARCH 23
"Dr. Evil" Traders In Limbo

The unit of London-based Citigroup bond traders embroiled in criminal probes > read more
Keywords: Insider Info

WEDNESDAY MARCH 23
Bob Bright's Baccarat Ban

Prop-trading king Bob Bright hasn't lost his taste for baccarat, even though > read more
Keywords: Insider Info

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Previously » March 2005

More recently » May 2005

Current » Morning Call: December 1