morning updates... 03 30 2007

features: largest full service brokerage outside NY, $5 bil market cap. A.G. Edward reported higher than expected 4th quarter profit ($1.44 eps vs est %1.04) Profit increased 45% stock: gain 2.9% to $68 by the end of yestesday no bonds or CDS... drivers: asset management and investment banking KKR acquired the first China company: Tianrui Cement Feud between the banks and exchange Eurex future trading volume $42 mil/day OTC $15 bil/day CME, the largest U.S futures exchange, said it would trade futures of CDS from May. CBOT will also enter the market.