Back in the world of listed equities, my first one minute video briefly discussing the forthcoming CEE Capital Markets Awards & CMU summit taking place September 15th in Warsaw. Nominees published here. If you are interested in CMU, you can’t afford to miss the summit while the Gala dinner is the event rewarding CEE listed companies. Prices range from from €295 for the summit, to €595 for the Gala & Summit together. Email me or follow this link HERE to sign up.
Today in EI, HFT MM IMC being investigated in China worrying warehousing in India (again), the bad taste left by the post 2008 regulatory mess (various mentions) as well as a case for living wills in CCPs…and there’s more:
Meanwhile in Bigworld, the F1 circus raced at Spa with leader Lewis Hamilton suffering so many qualifying penalties that his third place finish yesterday was all the more remarkable as I think he only starts tomorrow.
To those in the UK, enjoy the rain and the traffic jams of the long weekend…
PLY: Which raises the question of just who might be left standing in Europe to process the living will of a merged DB1-LSE with its almost total monopoly on Eurozone clearing
MAGGIE PAGANO: ARM Holdings’ Big Takeover Test
This is Money
PLY: Discussing the new article 19.7 of the UK takeover code – it probably doesn’t immediately protect the UK or LSE against DB1 as the Merger of Equal Desperation is predicated on cost cutting (and little else now the juvenile claims of margin reductions have been broadly debunked for all except a denialist few).
Hopes on the rise as Shenzhen-HK Connect Start Date Nears
Preparation In Progress For Shenzhen-HK Stock Connect
HK Regulator Wants a Tighter Grip On IPOs In Blow To HKEx
Hong Kong Herald
Dutch HFT IMC Sees Scrutiny From China Securities Regulator
Wall Street Journal
IMC In China Stock-Index Probe
PLY: IMC being investigated in China…
Rollout Of Final Derivatives Rules Leaves Patchy Picture Of Risks
Huw Jones Reuters
Russian ‘NASDAQ’ Eyes Asian VC
Russia Beyond the Headlines
PLY: Interesting development in Russia’s Far East, using infrastructure honed at RTS…
Alarm As Companies Pull Out Of KSE
Continuing withdrawal of companies from KSE has unnerved investors.
Special Section: FTI, NSEL, India at the Crossroads
Modern Indian Economy – Blogger
PLY: A brief introduction to the story so far…
NSEL: Former FMC & MCX Chairman Venkat Chary Not Probed By CBI
PLY: In the whacky parallel universe of NSEL investigation, the former MCX chairman & former FMC Chairman, Venkat Chary has offered assistance to CBI investigators but was not asked…
Why America’s Newest Stock Exchange Is Preparing For Failure
PLY: Interesting tales of redundancy & competitive systems…
Legal Experts: Mifid II DEA Definitions Unclear
PLY: As good an indicator as ever that actually the EU single market in finance relies hugely on localisation of markets…
Blockstream Won, Says Bitcoin Miner in Blocksize Debate
PLY: The politics behind the world’s most famous ditributed ledger are complex and indeed one might add – how many financial consortia members really follow all the protocol issues? I know I don’t but I see enough to make me very wary that once again a careerist few are railroading a bandwagon with little comprehension of what they do when the music…actually pauses and shuffles, it doesn’t even have to stop!
AccuShares to Shutter Its Four ETFs, Re-Brand as FinTech Firm
ETF Daily News
PLY: Fascinating pivot: it may be the intellectual property portfolio acquired to fuel the pivot is in fact going to engineer a return to the ETF market in some way…
CME Director Talks Cattle Futures
Great Falls Tribune
PLY: In the wake of recent volatility qv August 22nd EI
Reforming Poland’s Renewable Industry
Renewable Energy Focus
NCDEX Problems With Cottonseed Oil Cake, Coriander Quality
Daily News & Analysis
NCDEX has once again come under the scanner of the capital and commodity market regulator ..
PLY: The ongoing failures of warehouses is quite a remarkable story in India – at least I suppose things are improving as, unlike with NSEL, at least the warehouses exist…but still they seem to be capable of taking in substandard product.
ICE Clear Europe COO Gibson to retire
PLY: I wish Mike Gibson a very happy retirement, he was an asset to LCH before he co founded the ICE Clearing House in Europe which under Paul Swann’s command has gone on to many bigger and better things.
Changes To The Monetary Authority Of Singapore Board Of Directors
Mr Ong Ye Kung, Acting Minister for Education (Higher Education and Skills) and Senior Minister of State, Ministry of Defence, will be appointed to the Board (term of appointment will be from 29 August 2016 to 31 May 2019) while Mr Lawrence Wong Shyun Tsai, Minister for National Development, will be stepping down from the MAS Board on 29 August 2016 having been appointed on 10 June 2011, and has served as an active member of the MAS Board for more than five years.
Hyperledger Blockchain Project Elects New Tech Committee
PLY: Amongst the parishioners elected to the committee, are LSE principal architect Greg Haskins; DTCC senior enterprise architect Murali Krishna Katipalli.
IEX are looking for a strategic communications professional in New York – your chance to get in as the exchange develops: Strategic Communications
Meanwhile ICAP is looking for a Global Talent Coordinator and the Inter-Connected Stock Exchange of India is looking for a Senior Executive in the Listing department.
Nat Hoopes, formerly the Executive Director of the banker-centric Financial Services Forum, has been appointed Executive Director of the MarketPlace Lending Association, representing the major P2P debt platforms in the USA, according to Crowdfund Insider.
31.08 – HKEx 2016 Interim Results
02.09 – MOEX EGM
02.09 – Record date Q3 CBOE $0.25 dividend
02.09 – Record date Tullett Prebon 5.6p interim dividend
02.09 – TMX $0.40 dividend payment
19.09 – new – MCX India AGM September 19th
All forthcoming exchange / investment related events are now listed in our Events page.
Free of Charge: StartEngine Eliminates Fee to Crowdfund Under Reg CF
PLY: So your crowdfund is free BUT you have to commit to having your follow on Crowdfund rounds on the platform… Very interesting approach.
Faircent Breaks Into A New Market, Builds A Brand
PLY: Faircent, a two-year-old online peer-to-peer lending (P2P) platform, has become the only alternative lending medium to secure a place in the 2016 Interbrand Global Breathrough brand list…essentially through word of mouth in India… That’s ‘Web whatever point zero’ for you. It’s not just Blockchain, the world itself is pivoting and parishioners remain analogue in thought at their peril.
Lending Club Responds to Bloomberg Article: Scott Sanborn
In response to: “How Lending Club’s Biggest Fanboy Uncovered Shady Loans” (Aug. 18):
There’s No Justifying Their Fees’ – Fundraising Site GoFundMe Makes Over €200k In Profit From Irish Projects
PLY: A curious case of summer journalism to get a few clicks where nobody bothered checking the simply extortionate cost of raising money through other means…
P2P Lending Regulation Welcome Move
South China Morning Post
PLY: Frankly I think China’s financial stability rests on much else besides the P2P business but it did need some sort of better regulatory approach too!
Closing Calls Good For UAE Markets – University Of Wollongong Study Shows Dubai, Abu Dhabi Market Quality Improved
Abu Dhabi: Abu Dhabi Alex Frino CMCRC Research
Dubai: Dubai Alex Frino CMCRC Research
PLY: Great research from the CMCRC centre shows that auctions are good for you – as indeed also much discussed last week
Maybe We Clamped Down Too Hard On Finance
PLY: More evidence grows for my thesis of a year and more back that we are moving to an exciting new era of financial deregulation – albeit there may be a hiatus in the US depending on what happens after the next Presidential elections
Rackspace To Go Private In $4.3 Billion Deal
Cloud-computing provider Rackspace Hosting Inc. is being taken private by private-equity firm Apollo Global Management LLC for $4.3 billion.
PLY: Relevant to the parish because this may shake up the data centre / hosting market…