06-Jan-09 10:49 ET In Play NASDAQ says sees interest rate swap clearing "a major contributor to revenue" in coming years - Reuters (26.31 -0.43) :
The interest rate swap market is estimated at $400 trillion ... whereas the credit default swap market is around $70 trillion ... 1/6th the size. I guess NDAQ knew what they were doing in opening a clearing operation for interest rate swaps first.
watching all morning, in @ 22.29, almost exactly @ 2pm big block buyers or shorts started covering @ $22.30- 10 or 15 min chart.
I see that...good for you! I got in at $22.57