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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (97802)	5/22/2009 8:43:16 AM
From: westpacific	1 Recommendation Read Replies (1) \| Respond to of 116555

That does not mean they 'primary dealers' are not somehow trading the paper of the other cb's; it is hard to say; this is a complex and global forex network involved in OMOs. We cannot really say for sure since the CBs are tied into the banks that these dealers buy and sell to. It is an extreme complex web these days. West

To: stomper who wrote (97802)	5/22/2009 8:46:08 AM
From: Think4Yourself	Respond to of 116555

I think you are right, but still coming up to speed in this entire area. Here is the current list of Primary Dealers who trade directly with the Fed using Open Market Operations: * BNP Paribas Securities Corp. * Banc of America Securities LLC * Barclays Capital Inc. * Cantor Fitzgerald & Co. * Citigroup Global Markets Inc. * Credit Suisse Securities (USA) LLC * Daiwa Securities America Inc. * Deutsche Bank Securities Inc. * Dresdner Kleinwort Securities LLC. * Goldman, Sachs & Co. * Greenwich Capital Markets Inc. * HSBC Securities (USA) Inc. * J. P. Morgan Securities Inc. * Mizuho Securities USA Inc. * Morgan Stanley & Co. Incorporated * UBS Securities LLC.