Sadly, the Former LME Chairman And Titan Of Metals Trading, Raj Kumar Bagri, Has Died. Condolences to the family of a great man who rose from filing clerk at a Calcutta trading company to chairman of the London Metal Exchange , and once sat in the UK House of Lords.
In Today’s Exchange Invest
Today the news centres on results and the feedback from the Prosperity UK conference:
In Bigworld, the Prosperity UK conference was a who’s who of British and international business yesterday with the highlight being the panel where our leading parishioners Jeff Sprecher and Michael Spencer made a significant impact on the audience. My thanks to Barney Reynolds and his employer Shearman & Sterling for being among the sponsors of what was a simply magnificent discussion on the future of post Brexit Britain and the world. It was an honour to share the platform with Barney, Jeff and Michael.
Quite rightly, the media highlighted the many incisive insights from Michael and Jeff, herewith a selection:
‘Have A Little Swagger’, CEOs Tell May In Bid To Make Brexit Pay
LONDON Global chief executives and investors had some sharp advice for Prime Minister Theresa May on Wednesday: Make Brexit a success by looking beyond the European Union and adopting a little swagger about the benefits of the world’s fifth largest economy.
City Veteran Spencer Warns EU Against Plot To Seize Euro-Clearing
ICE Calls For Pause In New EU Rules During Brexit Talks
Spencer Rails Against EU’S Brexit Plan To Take Back Euro-Clearing
Financial News (subscription)
ICE Says Being Asked To Shift Operations From London To Continent
Europe Better Than U.K. At Courting Finance Firms, ICE Ceo Says
UK Not Seeking Divide And Rule Approach In Brexit Talks -Minister
Nasdaq Reports Record Quarterly Earnings
Acquisitions Help Nasdaq Beat Profit Estimates
Deutsche Boerse Ups Profit, To Buy Back Shares After Failed Lse Deal
London Stock Exchange’s Quarterly Profit Rises
There’s Always More Fish In The Sea… LSE Eyes Up New Opportunities
PLY: The worry is the CEOs of DB1 and LSE appear to have eyes only for deals when their own internal mechanisms could benefit from a judicious element of reform, revamp and reorganisation.
Bursa Malaysia Q1 Earnings Up 13% To Rm57Mil
The Star Online
BME Posts €39.3 Million Net Profit In The First Quarter
Marketaxess Reports First Quarter 2017 Record Revenues Of $103.9 Million
GlobeNewswire (press release)
LSE Brushes Off DB1 Blues With ‘Strong Start’
London Stock Exchange Says Demand ‘Strong’ For Its Clearing Business
LME Swaps Bazooka For Ear Trumpet To Woo Back Traders
PLY: Included if only as it is headline of the day.
Baltic Exchange Outlines Bold Plans To Enhance Maritime Leadership Role
Hellenic Shipping News Worldwide
PLY: Now under the SGX umbrella, Baltic Exchange unveils an interesting growth plan.
Ihs Markit : War Chest Is Refilled For Acquisitions
Plus500 Revamps Board As Revenues Fall 9%
London Stock Exchange Group Plc Transaction In Own Shares
First SEBI Board Meet Under Ajay Tyagi Sees Sweeping Changes In Trading Norms
NSE IPO To Take Time, Decision On New CEO Soon: Sebi Chief
Daily News & Analysis
Co-Location Issue Could Delay NSE Equity Offer
PLY: In the hashtag weird department – SEBI still cannot appear to decide on the nomination of the new NSE CEO. It feels as if some element of politics is playing out beneath the surface but on quite which issues, it is difficult to be certain.
Restoration Of Budapest’s Old Bourse Promises A Fairer Exchange
Abu Dhabi Securities Exchange Delays Short-Selling To Allow Time For Training
Saudi Stock Exchange Officially Transitions To T+2 Settlement Cycle
Mongolian Stock Exchange Fights To Retain Position On Frontier Market Watchlist
Special Section: FTI, NSEL, India at the Crossroads
No news today.
Statement By New York Financial Services Superintendent Maria T. Vullo Regarding The Lawsuit Filed By The CSBS Challenging The Authority Of The Comptroller Of The Currency To Create A Nonbank Special-Purpose National Bank Charter For “Fintech” Companies
European Energy Exchange To Expand Trading As Earnings Surge
Office Of Financial Research Update – LIBOR Alternatives
SEBI Approves Introduction Of Options Trading In Commodities Market
Single Bourse Rule Could Hit Romania’S Gas Market Liquidity
Cross-Border Energy Trade
The Kathmandu Post
Following the Government’s appointment of Stephen Yiu, and re-appointment of Anita Fung, Rafael Gil-Tienda and Margaret Leung, and shareholders’ election of Cheah Cheng Hye and Hugo Leung as Directors of Hong Kong Exchanges and Clearing Limited (HKEX), the HKEX Board today (Thursday) appointed new members to certain committees and consultative panels with immediate effect. The lists of members of the HKEX’s Board, its committees and the consultative panels, and the committees of HKEX’s subsidiaries are available on the HKEX Group website.
Alastair Gordon Parts Ways With Plus500: Penelope Judd Appointed Chairman
Trueex Hires Former Deutsche Exec Yoshida As Volumes Surge 20X
No stories today.
SIFMA Executive Vice President Randy Snook Remarks – Equity Market Structure Conference
Once again mega-thanks to Barney Reynolds and all the organisers of the Prosperity UK conference – a great starting point for the post Brexit debate.
Have a great day.
Patrick L Young
Executive Director DV Advisors