Uganda the latest floor to close as it adopts STT technology while bourse competition heats up in South Africa. FT perhaps for sale, or maybe not due to pension liabilities. Helex to reopen? Today’s must read tackles the crunchy topic of communication via the good offices of Aesthetic Integration’s Denis Ignatovich. Interesting nuggets across multiple sectors, happy scrolling…
Elaine Moore – Financial Times
Staff at the Athens bourse said offices were open and employees were at work, waiting for a decision from the Ministry of Finance to extend its cautious relaxation of capital controls.
Interview with Warsaw SE CEO Pawel Tamborski.
Phakamisa Ndzamela – BDLive
JSE looks set for direct competition as A2X, a new entity, partly led by Kevin Brady, a former MD of securities at Investec; Gary Clarke, a former JSE company secretary who served in that role for 12 years; and Neal Lawrence, who was head of information technology at UBS and an IT principal at Absa Capital.
Jonathan Burgos & Chanyaporn Chanjaroen – Bloomberg
The Monetary Authority of Singapore said it’s reviewing the regulatory role of SGX as global bourses expand in the city-state.
Effective July 27, 2015.
ICE acquired a majority stake in Holland Clearing House in December 2014, with ABN AMRO Clearing Bank holding a minority stake.
Alexandra Scaggs – Bloomberg
The chasm in the Treasury market between microsecond traders and comparatively slow-poke humans is making it harder to navigate the $12.7 trillion business, according to Tabb Group.
Brian Louis – Bloomberg
CME fined a trader, James Groth, $55,000 and suspended him for 10 days for spoofing…
Read our Premium Flash Crash & Hound of Hounslow – Brief.
Kristen Schweizer, Manuel Baigorri & Ruth David – Bloomberg
A sale may value the business at as much as 1 billion pounds ($1.6 billion).
PLY: The sale may not happen as the FT’s pension deficit is significant – in other words their historic management seems somewhat at odds with their historic reputation as somehow informed about finance…
Nuntawun Polkuamdee – Bangkok Post
SET, dealers both want majority holding.
Jess Delaney – Institutional Investor
Now an adviser to smaller businesses, the former CEO of Lehman Brothers plans to reopen the National SE.
Bombay SE (BSE) and National SE (NSE) on Monday extended the deadline for brokers to submit necessary details for putting in place the new risk-based supervision model.
East African Business Week
Read our Premium Rise of Africa Brief – Part 5.
Special Section: FTI, NSEL, India at the Crossroads
PLY: MCX up 2%, FTIL flat.
PLY: A rather momentous day for East African markets. With the closure of the Ugandan floor, this means the bond market in Nairobi, all asset classes in Tanzania’s DSE and in Uganda are on the same platform from South Africa’s dynamic vendor STT.
Ben McLannahan – Financial Times
Philip Stafford – Financial Times
Symphony’s plan to push into the trader chat rooms long dominated by Bloomberg is just the latest attack on one of the most impregnable fortresses of financial services.
The 14 firms bought Perzo, a Palo Alto-based technology start-up founded by former Thomson Reuters executive David Gurle to create Symphony.
Previous discussions here.
Luke Jeffs – FOW
…using futures and options system.
CME will adjust carcass grading specifications for the live cattle futures contract settlement effective on Aug. 3.
South Korea opened a mini-sized futures and options market on Monday to offer investors wider choices for hedging and trading, hoping to revitalize the once-vibrant derivatives market with robust liquidity.
EEX will offer (press release here) wind and solar energy futures contracts from Sept. 14.
Maria Nikolova – LeapRate
RFA (Richard Fleischman & Associates), trusted technology partner to investment management clients for more than two decades, hired Gair Betts as Director of Sales.
Interactive Brokers Q215 Financial Results – July 21, 2015
“Asian Exchange Forum” – Friday, 24 July 2015 in Taipei, hosted by TWSE
SunGard Data Systems Q2 Financial Results – Thursday, July 30, 2015
All forthcoming exchange / investment related events are now listed in our Events page.
LSE Price Target Increased By RBC Capital From GBX 2,700 To GBX 2,900 – “Outperform” Rating
A full table of current analysis can be found on our Analyst Ratings page which is updated daily.
PLY: Lexicography and other vital issues of communication – today’s must read…
Leo Lewis & Kana Inagaki – Financial Times
Yoshiaki Murakami, once convicted of insider trading and Japan’s most notorious shareholder activist, has stormed back to a Tokyo stock market where corporate governance and share buybacks are in vogue.
TheCityUK has commented on the relaunch of the Financial Services Trade & Investment Board (FSTIB), announced by Chancellor George Osborne.