Exchange Invest issue 957 correlates with the Porsche 957 was the second generation Cayenne 4wd leather trimmed lorry made between 2008 and 2010. What a relative indignity for the divine 956 Le Mans racing car to find itself ‘retrosandwiched’ between these leviathans of the commuter belt. (Lovely, luxurious car the Cayenne, but it’s hardly the stuff of teenage bedroom walls, let’s put it that way).
In Today’s Exchange Invest
BATS has finally let the buy side loose on it BIDS derived LiS block product – Hooray!
ESMA openly cooperating with non-EU CCPs – Hoorah!
SGX gets prescriptive remedies for its inability to reboot when the tech falls over – Ahem!
In BigWorld
Meanwhile the mainstream media is getting wildly worked up about news the British government will activate the Article 50 process next week.
Whether your perspective is as Remainer, Remoaner or Brexiteer, it’s happening and we need to move forward – this is a huge opportunity for the world, not just Britain and the EU.
Public Markets
Securities Industry Group Completes Review Of Market Disruptions, Makes Recommendations
The Business Times
MAS Directs SGX To Enhance Operations
The Straits Times
SGX Told To Enhance Recovery Processes Following Trading Disruption Last Year
MondoVisione
SGX Adopts Securities Industry Working Group Recommendations
MondoVisione
PLY: 24 months to get things more ‘shipshape’ round at SGX where the tech per se was never the problem, nor (depending on the outage) was the senior management but when the bosses left the building and something happened, the result looked amateurish.
Bats Europe Successfully Launches Buy-Side Access To New European Equities Block IoI Platform
Exchange News Direct
PLY: With Turquoise’s BIDS-clone already making considerable progress in the block trading market, now the original BIDS technology has arrived in full working order. BATS delayed the buy side access process (presumably due to the CBOE acquisition of process)) but the singularity of block liquidity is now upon us within the “Large In Scale” (LiS) product.. The omens are already very encouraging – I think BATS/BIDS LiS is a game changer for the block trading market in Europe.
HKEX: OTC Clear Launches Client Clearing Ahead Of Hong Kong Clearing Mandate
MondoVisione
ICE Moves To Appeal Trayport Decision
FOW magazine
PLY: A little more on yesterday’s lead story.
Bursa Malaysia Seeks Public Feedback On Review Of Listing Requirements
MondoVisione
BSE Raises Transaction Fees For Trades
Indiainfoline
HKEX Bond Trade Fees Curtailed
Hong Kong Standard (press release)
Private Markets
Muscat Bourse Announces List Of Sharia-Compliant Companies
Times of Oman
Muscat: Oman’s Muscat Securities Market (MSM) has announced a list of Sharia-compliant companies based on the fourth quarter results of 2016.
Stars Align For Vietnam’s Privatisation Push
Nasdaq
Sri Lanka Looking To Tourism And Logistics As Growth Drivers – Cse Chairman
Colombo Page
CSE Says First Leg Of Capital Market Promotion In Australia A Success
Daily Mirror
International Blockchain Hackathon Hosted By Intel®, The Floor & The Tel-Aviv Stock Exchange (TASE)
MondoVisione
PLY: Amongst my theories of the moment I have one which is that the smaller and less relevant the exchange, the more they are trying to make themselves look vital by promoting Blockchain.
Plato Partnership Completes Deal With Trade Informatics PLIA
MondoVisione
PLY: This appeared as EI raced to pixel and it seems the Plato Collective is kind of moving away from the original concept of a trading platform to a sort of research collective producing tractor production statistics for London equities.
Special Section: FTI, NSEL, India at the Crossroads
First Task For Sebi Chief Ajay Tyagi: Bridging The Great Divide On C-Street
Business Standard (press release) (registration) (blog)
PLY: This article is not entirely about NSEL but when it comes to the elephant in the room, NSE is the starting point for the conversation from multiple angles.
Technology
Boursa Kuwait Partners With Paci To Up Security Measures
GulfBase.com
HKEX Enhances Shareholding Information At Hkexnews
MondoVisione
Hong Kong Exchanges and Clearing Limited ( HKEX ) is offering new Stock Connect* shareholding information on the HKEXnews website.
Datagenic & GFI Group Enter Data Distribution Agreement
Yahoo Finance
Products
The New York Stock Exchange Just Had A Trading Snafu
Business Insider
PLY: Not sure why Business Insider headlines read like teenage text messages (sans smileys) but it appears NYSE had a few issues with the closing ETF auction.
Withholding Tax Exemption For Debt Traded On A Multilateral Trading Facility
Gov.uk
PLY: UK tax Consultation now open with the possibility to see a shift in MTF tax treatment for bonds.
Career Paths
Celebration Time At BSE: Boss Ashish Kumar Chauhan Rang In His 49th Birthday At The Exchange
Economic Times
Crowdfunding
Crowdfunding Could Tackle Seafood Fraud
TheFishSite.com
Other Stories
ESMA To Cooperate With Non-EU Regulators On CCPs
ESMA
Brexit: A Bigger Beast For Banks Than The Buyside
Financial News (subscription)
…Still hard at work to get that Porsche 956 in the in the garage.
Have a great day and those in northern climes are welcome to indulge in schadenfreude as it’s actually raining in Malta – cue climactic depression disorder amongst the indigenous population…
Patrick
Patrick L Young
Executive Director DV Advisors