DECEMBER 7 2016

elb2In Today’s Exchange Invest
NEX timetable published for life after ICAP as the CFD ramifications from FCA clampdown trickle down. Moscow Exchange holds major London event, various strands of Indian discussion…and there’s more, happy scrolling:
Events

Congratulatons to MOEX on an excellent event yesterday. Sorry I could not be there but all reports say it was a terrific seminar showcasing the best of MOEX and Russia as an investment destination.. I hope FOW have a good London event today also.

Meanwhile I am in Wroclaw, Poland, for the ImpactCEE FinTech conference which is predicated so far on a curious notion that banks are at the centre of the future… oh well that will soon change. I’m speaking around 1300.

In BigWorld

Apparently Donald Trump is gaining votes in at least one of the Green party crowdfunded recounts…

Public Markets

ICAP Plc (“ICAP”) / NEX Group plc (“NEX” Or “Newco”) Publication Of Prospectus, Satisfaction Of Conditions And Confirmation Of Timeline
MondoVisione

PLY: Bring it on.

Moscow Exchange Hosts London’s Largest Russian Capital Markets Event
‘Friendly’ Trump positive for Russia investments as ‘hawks’ diminish: Moscow Exchange CFO
CNBC

The election of Donald Trump as U.S. president may change attitudes to investing in Russia, the chief financial officer of the Moscow Exchange told an audience in London.

Russian Economic Recovery Encouraging: Central Banker
Reuters UK

Ksenia Yudayeva told Reuters in an interview on the sidelines of an investment conference organized by the Moscow Exchange in London.

First Day Of Operations Sees Active Trading Between Shenzhen-Hong Kong Stock Connect
CCTV

881 stocks on the Shenzhen Stock Exchange are eligible for trading, while 417 are available on the Hong Kong Stock Exchange.

Oslo Børs VPS Holding ASA: Dividend Of NOK 2.60 Per Share
MondoVisione

Quayle Munro Advises FXCM On Its Sale Of DailyFX To IG Group
MondoVisione

Private Markets
India’s NSE Listing On Track After Resignation Of CEO: Sources
Reuters

PLY: Continuing the NSE discussion – albeit I find the notion the IPO might even be speeded up to be difficult to rationalize. I mean would the NSE just field an empty chair marked “CEO” on the roadshow and hope that, say, they hope the spectre of Simon Bolivar’s ghost doesn’t sit there as per Hugo Chavez’s Venezuelan cabinet meetings?

I still reckon a modest delay will take place, unfortunately for those shareholders so long frustrated by the slow movement towards an IPO.

Nigeria: ‘Demutualisation Will Boost Retail Investors’ Confidence in Capital Market’
AllAfrica.com

RXIL Gets RBI Nod For 1st Trade Receivables Exchange Platform
Business Standard

The Reserve Bank has authorised the Receivables Exchange of India (RXIL), promoted by Sidbi and NSE, to launch the country’s first trade receivables platform.

ICB New Strategic Investor Of CSE
Financial Express Bangladesh

Dalian Commodity Exchange And Bursa Malaysia Derivatives Renew Cooperation Agreement
MondoVisione

Sebi, FPIs Discuss Roadmap For Gift City
Business Standard

Special Section: FTI, NSEL, India at the Crossroads

No news today.

Technology

Blockchain-Settled Spot FX Startup to Raise First €1m in Equity Crowdfunding
Finance Magnates

FXCH Ltd. (the FX Clearing House) is a Dublin-headquartered blockchain startup.

Products

Britain Clamps Down On Spread Betting Industry
Reuters
Britain Clamps Down On Spread-Betting Sector (video)
Reuters TV
IG Group, CMC Markets & Plus500 Share Prices Crash Due To FCA Ruling On CFDs
FinanceFeeds (blog)

Britain’s financial watchdog has joined other European regulators in a crackdown on financial spread betting, a fast-growing 3.5 billion pound ($4.5 billion) industry where most retail investors lose money.

EEX Prolongs Trading Hours Of EUA Options On Expiry Days
MondoVisione

Indexes

BSE-S&P JV launches Sensex-50 index
Livemint

Sensex-50 could compete with rival National Stock Exchange’s (NSE) 50-share benchmark index Nifty. NSE currently has around 86% market share with the Nifty products.

Career Paths

Division Of Corporation Finance Director Keith Higgins To Leave SEC
MondoVisione

HKEX: Appointment Of Derivatives Market Consultative Panel Member
MondoVisione

HKEx has appointed Alexander Longman as a member of the Derivatives Market Consultative Panel to fill the vacancy arising from Mr Craig Robertson’s resignation.

FlexTrade Appoints Aaron Levine Vice President, OEMS Solutions
MondoVisione

Crowdfunding

Can We Test The Efficient Market Hypothesis Using P2P Loans?
FT Alphaville (registration)

Other Stories

TOCOM Signs MOU With China Futures Association & China Xin Yongan Futures
MondoVisione

FESE Response To ESMA CP On RTS Specifying The Scope Of The Consolidated Tape For Non-Equity Financial Instruments
MondoVisione

FESE Response To ESMA Consultation Paper On Guidelines On The Calibration, Publication And Reporting Of Trading Halts
MondoVisione

Why Is There A Loophole That Allows ‘Education’ Conmen To Litter The Retail FX Space? – Op Ed
FinanceFeeds (blog)

Nearly time for my keynote, have a great day and say hello if you’re in Wroclaw!

Patrick

Patrick L Young – Executive Director DV Advisors

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