Apart from my Brexit files in Premium: Brexit – Main File, here are a few remarks I made last Saturday in Berlin on the topic (interview in English): Brexit: London wird keine großen Veränderungen sehen.
Christine Jenkins & Denyse Godoy – Bloomberg
BM&FBovespa became the top shareholder of the Bolsa de Valores de Colombia (BVC) buying 9.99% for 44 million reais ($13 million). The bourse has said it wants to play a role in the financial integration of Latin America, and it has already purchased minority stakes in Chile’s Bolsa de Comercio de Santiago and Mexico’s Bolsa Mexicana de Valores SAB.
PLY: Interesting. The WFE AGM is in Cartagena Columbia this year btw.
LSE said on Thursday that U.S. and Russian authorities had approved its $27 billion merger with DB1, giving it the first set of regulatory clearances needed to create a European exchange giant.
PLY: The big question is when the Europeans say no.
John Detrixhe & Aaron Kirchfeld – Bloomberg
Carsten Kengeter’s push to win over German officials and investors comes amid a post-Brexit tussle between European leaders over which city should become the new hub for clearing euro-denominated trades. Much of that clearing currently happens in London, but the U.K.’s eventual departure from the European Union has put that business up for grabs, with cities like Paris wrangling to win it.
PLY: Well if this is true it suggests Carcrash doesn’t understand what he is talking about, or that he is willfully willing to manipulate the facts to get his wretchedly ill-conceived deal done. Neither infers confidence in DB1 but the stench of desperation appears somewhat significant.
QV Premium: DB1-LSE Merger Brief.
PLY: Arising from the Direct Edge stake of ISE as I recall.
QV Premium: EU CMU Brief.
Russian President Vladimir Putin has amended the law to grant foreign firms direct access to commodities trading on Russian exchanges, according to a SPIMEX statement.
Judith Evans – Financial Times
London-based IPSX is preparing to apply for fully regulated exchange status and hopes to open its doors for trading early next year. It will list single-asset companies holding buildings worth about £30m or more as “a proxy for direct investment in property”.
PLY: No valuations disclosed from this, one of several property exchanges in the works in the UK.
Atsuko Fukase – Wall Street Journal
Mitsubishi UFJ Financial Group is stepping into the bitcoin world by investing in Coinbase.
To ramp up operations in Asia, Coinbase is set to raise about $10.5 million from investors on Friday including MUFG’s core banking unit and an MUFG venture-capital fund.
Special Section: FTI, NSEL, India at the Crossroads
PLY: MCX flat to small up, FTIL down 1% after yesterday’s leap.
Jayshree P. Upadhyay – Livemint
Jignesh Shah, who is one of the accused in the scam, was supposed to appear before the court on Thursday but got exemption on medical grounds.
Miles Weiss & Zachary Mider – Bloomberg
Renaissance Technologies seeks a patent for anti-HFT invention. Patent application no. 14/451,356 has one goal: to outrun the speed demons of Wall Street.
PLY: Atomic clocks…expensive but more accurate than the clocks in servers when it comes to zilllionths of a second. Interesting.
CME announced the opening of its new technology centre in Bengaluru that will expand international network, enabling it to serve a broader range of clients worldwide.
Following the recent news of incoming Chairman, Richard Baker, Crowdsurfer, the data intelligence service for crowd finance, has secured more investment, bringing the total raised to date to £1.2M.
EBS CNH Benchmark is the first fully electronic, trade-backed reference rate for the CNH market.
Chinese speculators aren’t done with commodities yet.
HKEX announced that SFC has given its written approval for Mr Roger Lee Kwok Keung’s appointment as CEO of The Stock Exchange of Hong Kong and Hong Kong Futures Exchange.
Bloomberg reports that Citadel hired Kevin Turner, the COO at Microsoft, to run its securities unit as finance firms seek to help build their technology expertise.
FM reports that IG Group appointed Paul Mainwaring as CFO Designate. He will be replacing Mark Ward on July the 11th, who is leaving the company as originally planned.
Terry Flanagan – Markets Media
20.07 – ICDA Cyber Risk London Conference
20.07 – Record date WSE 2015 PLN 2.36 dividend
21.07 – Adjourned WSE Ordinary General Meeting to resume proceedings
New! 19.07 – IBKR Q2 2016 Results – press release
New! 03.08 – TMX Q2 2016 Results – press release
New! 04.08 – Bats Q2 2016 Results – press release
New! 17.08 – NZX Q2 Results – press release
All forthcoming exchange / investment related events are now listed in our Events page.
Suzi Ring – Bloomberg
U.S. prosecutors dropped a criminal complaint over Libor against three former ICAP brokers after the men were acquitted by a U.K. court earlier this year. The case against Darrell Read, Colin Goodman and Danny Wilkinson was closed in a New York court on June 30, according to documents.
The World Federation of Exchanges (WFE) published its response to the Basel Committee on Banking Standards (BCBS) Consultative Document: Revisions to the Basel III Leverage Ratio Framework.
PLY: Suddenly the UK Fin Min can see the benefits that were always obvious to those not afflicted with Euro-myopia.
Kirstin Ridley – Reuters