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Exchange Invest is a free daily email/web newsletter
about the core events pertaining to investment
in financial markets infrastructure such as:

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MARCH 7 2016

Issue 947 of Exchange Invest correlates with the Porsche type number for the initial project of the four speed 928S automatic as well as the right hand drive version of the 924S…

In Today’s Exchange Invest

The ICE battle for Trayport continues as UK competition authorities roll back slightly but still seem to be missing the point?

Blockchain battles in Australia or just a false dawn?

Various job moves including a new General Counsel for CFTC and former Swiss Exchange boss Christian Katz joining the board of a Swiss private bank…

And there’s more, happy scrolling:

In BigWorld

UK Court Upholds ICE Trayport Sale Order
FT
UK’s Competition Appeal Tribunal: Intercontinental Exchange, Inc Versus Competition And Markets Authority
MondoVisione
Intercontinental Exchange Statement on Competition Appeal Tribunal’s Trayport Ruling
The ICE

London Stock Exchange Warns On UK ‘Google Tax’ Charge
Bloomberg BNA

Council of Institutional Investors: Dual-Class Race To The Bottom Accelerates
MondoVisione

Public Markets

SIX Sells Commercial Issuing Business In Austria To Easybank
MondoVisione

PLY: For once something sold by SIX not bought by DB1 – remarkable.

EGX Board Sets OTC Market Executive Regulations
Exchange News Direct

Private Markets

SIX Sells Commercial Issuing Business In Austria To Easybank
MondoVisione

PLY: For once something sold by SIX not bought by DB1 – remarkable.

EGX Board Sets OTC Market Executive Regulations
MondoVisione

Special Section: FTI, NSEL, India at the Crossroads

No news today.

Technology

Could Computershare Spoil ASX’s Block(Chain) Party?
The Australian Financial Review

PLY: Perhaps albeit the feedback didn’t entirely convince me Australian users were overly fussed on having Blockchain, they just want a cheaper, more efficient settlement system than the ASX monopoly.

SETL have spent a long time in Oz of late, I am not entirely convinced lots of discussions mean a challenger to the ASX is nigh.

Australian Finance Regulator Launches Blockchain Research Effort
CoinDesk

PLY: Good.

DTCC Data Products Becomes DTCC DataPro Enhances Data Offerings – To Offer New Products, Including Trade Information Warehouse Market Reports
MondoVisione

Products

The S&P 500 Turns 60
MondoVisione

PLY: Happy birthday…

National Stock Exchange To Delist 39 Companies From March 24
Times of India

MUMBAI: Continuing the process of dealing with long-suspended listed companies, top stock exchange NSE will delist 39 firms from its platform…

Israeli Court Rules Against Peer-To-Peer Binary Options Exchange
Finance Magnates

The main argument being that binary options are not securities, and therefore the firm is not operating an unauthorized exchange as the ISA charges.

PLY: Israel is moving forward in destroying the platforms which had previously found succour on their shores.

One Day Forwards An Alternative To Spot Exchange?
Economic Times

NSEL also offered one-day forwards but contravened government regulations of 2007 by allegedly permitting short sales of agri commodities…

Career Paths

PLY: The ICE has extended its board to 11 from 9 with the addition of two women. Credit card executive Ann Cairns will chair ICE Clear Europe taking over from the veteran Sir Bob Reid while Dariya Farooqi is a well known business figure in Atlanta.

Meanwhile, the CFTC has appointed Daniel J. Davis As General Counsel.

Over at GPW, the ongoing telenovela series of endless EGMs is reaching an interesting crux as frst up Jarosław Dominiak has resigned as a GPW Supervisory Board Member while behind the scenes, it is fascinating to note that the Polish regulator KNF has yet to approve Rafał Antczak as this year’s CEO, almost 2 months after he was appointed by government fiat.

Finally, I am delighted to report that Christian Katz, former FESE Chairman and boss of SIX Swiss Exchange has a new board position to add to his growing portfolio, joining the directors of Neuchâtel-based Banque Bonhôte (Christian Katz Joins Board Of Private Bank).

Clearstream’s Seyll On Lending, Liquidity And Distributed Ledger
Global Investor

Ontario Securities Commission Seeks Applications For Investor Advisory Panel
PR Newswire

Crowdfunding

Vivienne Westwood’s Renewable Energy Crowdfunding Site Is Shutting Down

Business Insider

PLY: Shockingly the fashionista enfant terrible and notorious anti-capitalist turned to the dark side and has not had a good experience. Strikes me as karmic and a knitting retention repo exhortation is in order.

Other Stories

DVP on DLT: Linking Cash and Securities for Delivery vs Payment Settlement in Distributed Ledger Arrangements
Granularity

PLY: A highly thorny issue in the DL world (at least for those who have got over their initial delusion blockchains solve everything) explored here in a paper co authored by market infrastructure guru Kathleen Tyson.

Comptroller Of The Currency Discusses Financial Technology Innovation
OCC

Many thanks for reading Exchange Invest.

Patrick

Patrick L Young
Executive Director DV Advisors

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