MARCH 8 2017
Issue 948 of Exchange Invest ushers in comparison to the aluminium bodied 928 based experimental Porsche which was not produced…
In Today’s Exchange Invest
Lunchtime breaks back on the agenda for discussion at SGX while BSE looks to 25-30 thousand SME listings within 2 years. No, that’s not a typo.
And there’s more, happy scrolling:
A Happy International Woman’s Day to one and all.
Banks Set To Win Derivatives Relief Under New EU Trading Rules
The Wholesale Market Brokers’ Association, which represents inter-dealer brokers and trading platforms including BGC Partners and Tullett Prebon …
Comment: LME Needs To Open The Lines Of Communication If It Wants To Drive Business
We Are Planning For The Next Financial Year: Mrugank Paranjape, MCX
BSE Expecting 25000 To 30000 Smes In Its SME Platform In Next Two Years: Ashish Chauhan
PLY: No, not a typo. 25K-30K SME listings in 2 years – AKA (allowing for holidays) up to 600 a week! Could the bourse yet wear out their listing bell?
BSE Asks Sebi To Increase Investment Ceiling In Depositories
Bombay Stock Exchange has asked Securities & Exchange Board of India (SEBI) to cap the ceiling price for stock exchanges, in the depositories.
Singapore Exchange Proposes Bringing Back Lunch Breaks, Widening Bid Sizes
From Trading Floor Into App Store – By Carsten Kengeter, Ceo, Deutsche Börse Ag
Exchange News Direct
PLY: “Our guiding principle is the key word “Börse 4.0”.” The only tricky bit being I don’t believe that keyword has been mentioned outside of the German media…(this article is translated from something delivered to the good folks of Boersen Zeitung). Perhaps a restructuring back to ““Börse 1.0” might be a good idea first before moving ahead?
Then again maybe “Börse 4.0” is strategy code for the result after another failed bid for LSE?
(A bond trading wag writes: “What’s the difference between Arsene Wenger and Carsten Kenegeter? Well, at least Wenger won something before his string of humiliating defeats.” …for American readers immune to the concept of kickball, fret not, I don’t get the joke either).
The Benefits Of Good Governance
PLY: Article by David Harris, Head of Sustainable Business at LSE, a title which clearly raises the question valid for a bourse under short-termist investment banker management, who heads up Unsustainable Business?*
*Cue a full inbox of folks claiming it’s akin to a ponzi scheme over at Paternoster Square… However you regard that opinion, clearly maintaining that frothy LSE PE multiple is now a challenge.
ASEAN Exchanges CEOs Meet For 26th Time Ushering In 6 Years Of Collaboration – 26th ASEAN Exchanges CEOs Meeting
Sebi Asks Rbi To Review Commodity Hedging Norms: Source
Misys Explores New York IPO After Scrapping UK Float
Misys is exploring New York as a listing venue after the financial software developer pulled the plug on a planned £5.5bn London float…
Amman SE Accounts Now On Social Media
Special Section: FTI, NSEL, India at the Crossroads
Time To Clean The NSEL Stalemate
Times of India (blog)
PLY: Yip, yip, and thrice yip.
Scila Surveillance For Real Time Market Surveillance Goes Live At Börse Düsseldorf
PLY Plaudits to Scila.
TradeEcho To Provide Trade Publication For Swiss Exchange
PLY: Another good deal for the Cinnober backed TradeEcho.
Sebon To Launch Semi-Online Trading System Soon
The Kathmandu Post
NEO Urges Regulators To Mandate Access To Consolidated Market Data – Canadian Investors And Public Companies Are Entitled To Transparency And Complete Information
Uganda Securities Exchange Launches Easy Portal
Uganda Securities Exhcange launched EasyPortal, an online customer self-service portal in a bid to ease information access for investors.
IOSCO Finds Little Evidence Of Declining Secondary Corporate Bond Market Liquidity
SGX Mandates Minimum Allocation Of Mainboard IPOs To Retail Investors
Alrosa Postpones Investment Diamonds Trading Start Until Summer
Small Firms, High Hopes
Handelsblatt Global Edition (subscription)
PLY: The DB1 successor to Neuer Markt is born and of course now likely bereft of any tie up with LSE which means DB1 is somewhat on its own and the platform will be at the whims of who can champion it when the economic cycle turns down. Last time every executive director saw short-term career implications as better than the long-term benefit of DB1. What has changed under the investment banker CEO Carsten Kengeter to make anybody believe this time it’s different?
Neil Walker is standing down as a non-executive director of LCH’s SA and Group boards, effective immediately, in order to focus on executive commitments elsewhere. Neil has been a non-executive director for LCH since 2012 and has served as a member of LCH’s risk committees.
Ontario Securities Commission Announces New Commissioner Appointments
John Melby Joins CBL Markets Board
Business Wire (press release)
NSE Shareholders Approve Vikram Limaye As MD & CEO
Crowdfunding Innovation: It’s Backers—Not Money Raised—That Predicts Market Success
“Inherent Conflict Of Interest” Existed In Overseeing Of LIBOR, Court Told
What Is A Bitcoin Dark Pool ?
Why The Futures World Welcomes Tax Season
Many thanks for reading Exchange Invest.
Patrick L Young
Executive Director DV Advisors