DECEMBER 14 2016

elb2Slightly more pith today with a few extra meds fuelling some sense of coherence…

In Today’s Exchange Invest

Cinnober sells to first property exchange, EBRD announces Jordanian capital markets plan, BSE to offer free GIFT rack. In a market clearance, NSE US and Credit Suisse Lightpool are both closing.

And there’s more, enjoy the scroll:


HugeThing VC demo day today for their FinTech Programme where I am a mentor, in Warsaw, Poland.

In BigWorld

Apparently Well Fargo has failed its living will test which will presumably only encourage some staff to create a few phony internal living wills to make it all look fine?

Public Markets

Finance Titans Face Off Over $5 Trillion London Gold Market

PLY: A roundup of most of the current initiatives in the Gold market for new platforms / exchanges but leaving the question unanswered: how much of the trade is actually gold and how much just bits of paper with attitude?

Spreadbetter CMC Markets To Consider London HQ Move Over FCA Crackdown
City AM

PLY: As if the other, even less financially literate regulators will be better other than, say Cyprus where surely reputational issues collide with the situation…

Derivatives, Not Nationalism, Could Derail The LSE Deal
Evening Standard

PLY: A dearth of insight on the topic of clearing from a clearly out of his depth journalist. However at least he doesn’t just toe the myopic LSE line like too many mediocre London financial hacks.

DFM Organizes Training Program For Employees Of Seven Arab Stock Exchanges

The 18-member delegation represented seven Arab exchanges and financial institutions.

Private Markets

IPSX Chooses Cinnober For Property Exchange Technology

PLY: A new property market is born (arguably London FOX was the first in property derivatives, IPSX is seeking to be first to market in property securities, albeit Estates Investment Exchange has previously been mentioned in Exchange Invest with a similar plan of sorts). It’s a huge market and great to see them acquiring a top notch solution from Cinnober. Terrific too to see Cinnober rounding out another great year with a new client.

BSE To Offer Free Co-Location Rack At International Exchange
Business Standard

National Stock Exchange to Close Dec. 16
Markets Media (press release) (registration) (blog)

PLY: Farewell then to the US NSE which was an exchange but barely a national entity.

Lights Out For Credit Suisse’s ‘Light Pool’ Stock Trading Venue
Reuters UK

PLY: Crossfinder lives but Lightpool dies…sounds almost like a line from Star Wars Rogue One.

Special Section: FTI, NSEL, India at the Crossroads

Bombay HC Hears Arguments Against NSEL Merger Order
Economic Times


IPSX Chooses Cinnober For Property Exchange Technology


Producers Air Dissent On CME Discount
Tri-State Neighbor

PLY: The concerns of cattlemen.

CERC Admits IEX Plea Seeking Launch Of Renewable Energy Contracts
Business Standard

PLY: Indian Energy Exchange in this IEX instance…

Russia, Iran Working on Launching Currency Pair Trading – Russian Central Bank
Sputnik International

PLY: Maybe not the pair we all thing of first thing in the morning but there can be some depth here and it’s a good example of the granularity of globalisation whether America is engaged directly or not…


JSE Proposes Changes To Property Indices

FTSE Russell Introduces FTSE TMX Canada NVCC Bond Index
Russell Investments

Career Paths

After 5 and a half years (often, some might argue, a tricky point for liquidity: off the run but on the curve), Chief Business & Product Development Officer Kevin Wolf has left Eris Exchange to join ViableMkts.

PLY: I wish Kevin every success in the future and applaud his role in making Eris the success it is today.


Irish Blockchain FXCH Chooses Seedrs for Crowdfunding Campaign
Crowdfund Insider

Other Stories

CFTC’s Giancarlo: How US Regulators Can Boost Blockchain in 2017

EBRD And Jordan Securities Commission Present Capital Market Strategy For Jordan

PLY: A fascinating hub and at the moment truly a sort of bulwark between civilisation and chaos thanks to its geography, there is much that can be done to improve the Jordanian marketplace and the EBRD are ideally positioned to assist.

RIP NSE & the CS ‘Lightpool’; hello to Cinnober powered IPSX.

Have a great day.


Patrick L Young
Executive Director DV Advisors

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