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
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
Reuters
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
Telegraph.co.uk
ICE Calls For Pause In New EU Rules During Brexit Talks
Reuters UK
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
Reuters
Europe Better Than U.K. At Courting Finance Firms, ICE Ceo Says
Bloomberg
UK Not Seeking Divide And Rule Approach In Brexit Talks -Minister
Reuters
Public Markets
Nasdaq Reports Record Quarterly Earnings
Finextra
Acquisitions Help Nasdaq Beat Profit Estimates
StreetInsider.com
Deutsche Boerse Ups Profit, To Buy Back Shares After Failed Lse Deal
euronews
London Stock Exchange’s Quarterly Profit Rises
Daily Mail
There’s Always More Fish In The Sea… LSE Eyes Up New Opportunities
City AM
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
MondoVisione
Marketaxess Reports First Quarter 2017 Record Revenues Of $103.9 Million
GlobeNewswire (press release)
LSE Brushes Off DB1 Blues With ‘Strong Start’
Telegraph.co.uk
London Stock Exchange Says Demand ‘Strong’ For Its Clearing Business
Financial Times
LME Swaps Bazooka For Ear Trumpet To Woo Back Traders
Bloomberg
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
Seeking Alpha
Plus500 Revamps Board As Revenues Fall 9%
Financial Times
London Stock Exchange Group Plc Transaction In Own Shares
MondoVisione
Private Markets
First SEBI Board Meet Under Ajay Tyagi Sees Sweeping Changes In Trading Norms
Livemint
NSE IPO To Take Time, Decision On New CEO Soon: Sebi Chief
Daily News & Analysis
Co-Location Issue Could Delay NSE Equity Offer
Business Standard
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
Financial Times
Abu Dhabi Securities Exchange Delays Short-Selling To Allow Time For Training
The National
Saudi Stock Exchange Officially Transitions To T+2 Settlement Cycle
MarketWatch
Mongolian Stock Exchange Fights To Retain Position On Frontier Market Watchlist
bne IntelliNews
Special Section: FTI, NSEL, India at the Crossroads
No news today.
Technology
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
MondoVisione
Products
European Energy Exchange To Expand Trading As Earnings Surge
Reuters
Office Of Financial Research Update – LIBOR Alternatives
MondoVisione
SEBI Approves Introduction Of Options Trading In Commodities Market
Moneycontrol.com
Single Bourse Rule Could Hit Romania’S Gas Market Liquidity
ICIS
Cross-Border Energy Trade
The Kathmandu Post
Career Paths
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
Finance Magnates
Trueex Hires Former Deutsche Exec Yoshida As Volumes Surge 20X
Yahoo Finance
Crowdfunding
No stories today.
Other Stories
SIFMA Executive Vice President Randy Snook Remarks – Equity Market Structure Conference
MondoVisione
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
Patrick L Young
Executive Director DV Advisors