End-of-week calm descends on European markets (AP)

AP – European stock markets fell modestly Friday and Wall Street headed for a lower opening after strong gains the day before on U.S. data revealing the world’s largest economy had broken out of a yearlong slump.

US stocks slide ahead of Fed rate decision, jobless data (AFP)

AFP – Despite the return of US economic growth, Wall Street was in no mood to celebrate as it braced for a Federal Reserve interest rate decision and crucial monthly labor data next week.

Madoff documents reveal incredulous, unfocused SEC (Reuters)

Reuters – U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.

Kairos Asset Management to Use CEP for High Frequency Trading
Brazilian hedge fund will use StreamBase’s complex event processing software for equities and FX trading.

Former hedge fund executive charged by SEC
BOSTON (Reuters) – A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom Corp.

SEC in settlement talks with BofA, UBS: report (Reuters)
Reuters – The Securities and Exchange Commission is in settlement talks with several large financial institutions to resolve investigations into the awarding of municipal investment contracts, the Wall Street Journal reported on Saturday.

NYSE Euronext Innovates at Warp Speed
NYSE Euronext and CIO Steve Rubinow are focused on doing things faster, including communication, development and, of course, competing in the low-latency trading arena.

NYSE open disrupted by flood of “erroneous” orders (Reuters)
Reuters – A huge influx of “erroneous” orders prevented the New York Stock Exchange from disseminating quotes shortly after the start of trading on Friday.