The Daily Newsletter of Market Infrastructure








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Exchange Invest is a free daily email/web newsletter
about the core events pertaining to investment
in financial markets infrastructure such as:

  • exchanges
  • IT vendors
  • brokers
  • MTFs
  • clearing houses
  • etc.

JUNE 6 2017

Good Morning and welcome to Issue 1009!

Prosperity UK Video

Prosperity UK Panel – Brexit, Euro Clearing & Financial Market Structure: panel ably chaired by Barney Reynolds headlining parish luminaries Jeff Sprecher and Michael Spencer, with one Patrick L Young lurking in the background – perhaps the ‘hot button’ parish topic in derivatives of the moment…

In Today’s Exchange Invest

NSE IPO delayed to end of year as new GIFT city offshoot bourse opens. Jamaica celebrates 8 years of junior market, as ICE deal lawyer profiled. It’s a speedy scroll today, not much news but some interesting asides all the same.

And there’s more, happy scrolling:

In BigWorld

Bahrain, Egypt, Saudi Arabia and the United Arab Emirates moved to cut off land, sea and air routes to the energy-rich nation of Qatar, accusing it of supporting regional terror groups. A somewhat seismic confrontation and not just for Qatar Airways. AP reported “The countries all ordered their citizens out of Qatar and gave Qataris abroad 14 days to return home to their peninsular nation, whose only land border is with Saudi Arabia. The countries also said they would eject Qatar’s diplomats.” Quite the biggest diplomatic crisis in the region since the 1991 Gulf War expelled Iraqi troops from Kuwait.

Public Markets

LSE Shares A Buy After Bond Data Biz Acquisition
Forbes

PLY: Latest missive by Roger Aitken quotes one Patrick L Young

Junior Market A Place For Wealth Creation – Celebrates 8 Years Of Phenomenal Success
Jamaica Stock Exchange

“I consider myself the Father of the Junior Market ”,. says the Hon. Audley Shaw, Minister of Finance & the Public Service.

London Stock Exchange Group Plc Transaction In Own Shares
MondoVisione

Private Markets

NSE’s International Bourse Opens At Gujarat’s GIFT City
NDTV

PLY: So it did open…with Gujarat Chief Minister Vijay Rupani inaugurating new bourse.

NSE Chairman Says Will Complete IPO By End Of Year
Reuters

PLY: What was apparently due in only a matter of weeks according to recent chatter is now more sensibly (if frustratingly) put off towards year end… The IPO application was first filed in December with NSE expected to become an instant unicorn bourse on listing.

Former London Metal Exchange Execs To Compete Against 140-Year-Old Exchange With New Bourse
MarketWatch

PLY: Story on the NFEx which EI covered yesterday as it rushed to pixel…

Chittagong SE For Fixing Specific Strategies In Budget
Financial Express Bangladesh

Special Section: FTI, NSEL, India at the Crossroads

No news today.

Technology

The World’s Largest CSDs Are Forming A New Blockchain Consortium
CoinDesk

PLY: Discussing a story from a while back. Not sure even this creates a singularity though.

Products

SGX Proposes Changes To Strengthen Global Benchmark SICOM Rubber Derivatives
MondoVisione

BP, Eni Trading & Shipping And Wien Energie Successfully Complete BTL Group’s Interbit Energy Pilot, Additional Participants Invited To The Go-To Production Phase
MondoVisione

A Bitcoin UASF Futures Market Could Yield Interesting Results
The Merkle

Even the multiple prediction markets available today are not showing any event related to this historic decision in the world of Bitcoin.

Bank Of Russia Working On National Digital Currency System
EconoTimes

London Stock Exchange Shouldn’t Bend Rules For $2tn Saudi Flotation
The Guardian

Automated Trading Of Commodity Futures Accelerating
FT

Career Paths

Intercontinental Exchange Does A Lot Of Acquisitions; Here’s The Lawyer Responsible For Them
Daily Report (Subscription)

In 2003, David Clifton was an associate at McKenna Long & Aldridge when he started working on deals for Intercontinental Exchange , then an upstart…

19 Candidates Compete For Five Seats In Egx Board
Daily News Egypt

Joe Mecane Joins Citadel Securities As Head Of Execution Services
MondoVisione

Crowdfunding

No suitably exciting stories today.

Other Stories

SIFMA Executive Vice President Randy Snook Remarks As Prepared For The SIFMA FinTech Conference
MondoVisione
Wherever you are in the world, enjoy your day.

All the best,

Patrick

Patrick L Young
Executive Director DV Advisors

April 2018
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