| Thanks to BT donating the auditorium and Streets paying the food and drink tab (I am not sure if that defines generosity or foolhardiness given the audience of City professionals) plus an array of sponsors, the evening raised a stunning 16,700 Pounds on the night!
The sponsors were Ancoa, Bats, BT, Calastone, Streets Consulting, Swift Institute, Volante Technologies and Quendon Consulting.
Award winning performers apart from La Streets herself were Sally Phillips, (the inimitable “Shazzer”” in Bridget Jones diary), Ayesha Hazarika (who as former special advisor to Ed Miliband and chief of staff to Harriet Harman clearly has a unique gift for comedy) plus Suzy Bennet, Lucy Frederick and Lara A King.
I am putting 100 Pounds into the ‘tin’ (the equivalent of over 2 years of primary education for an Afghan schoolchild incidentally) as an apologia for not being able to make the glorious evening. Any parishioners fancy joining me in making up that 200 Pound margin to get Streets to a round 17000 Pounds?
Brilliant job ladies!
You can help push the total to 17K Sterling via this web site: ChildrenInCrisis.org/donate.
In Today’s Exchange Invest
In the parish, it was the best day of every quarter. The one where Jeff Sprecher sets the agenda for himself and his competitors for the next three months during the ICE results call.
And there’s more, happy scrolling…
Events
The MOEX Annual Forum will visit New York Tuesday November 15th and London Tuesday December 6th. Join the event free via Exchange Invest here.
For those interested in MIFID, the biggest forum of the past decade in Germany is back November 17th when I look forward to chairing a session at the 10th Anniversary MIFID Conference. A sell-out audience of 300+ from around Germany and further afield is expected.
Anybody not booked for Burgenstock yet? You can still Claim your discount code via Exchange Invest: (see banner on left- and use this discount code “YOUNG15” to get 15% off the delegate fee). Crossfire kicks things into gear on the AM of 15th with cocktails the evening before. As always, “the right crowd and no crowding” is the mantra of the modern ICDA events borrowed from the heyday of Brooklands.
In BigWorld
Meanwhile in Bigworld, Cleveland has never seen the like of it, after the Cubs bounced back in game 6 to make it a World Series cliffhanger – thus helping tv networks who haven’t made as much from presidential ads in the targeted social media age. Given the line up of serial anti-democrat Tony Blair and the perennially wrong Gordon “Jonah” Brown as speakers at the CME’s client summit in Florida in a fortnight, perhaps the CME has assumed the curse of the Billy Goat as part of their conference in order to help the Cubs win?
Public Markets
Intercontinental Exchange Reports Solid Q3 Earnings Growth
Intercontinental Exchange Board Approves Q4 $0.85 Dividend
The ICE
NYSE-Owner ICE’s Profit Rises As London Calls
Reuters
PLY: After a series of parish disappointments in recent weeks, it wasn’t just that ICE (yet again!) didn’t disappoint. Rather, in the masterclass of exchange management which is this conference call, Jeff Sprecher neatly tore apart the ditherbots of the UK CMA antitrust, rather embarrassed a few competitors and then neatly once again outlined a masterclass in marketplace management.
For Christmas, don’t worry about buying yourself a boxed set, or pondering what to stream from Netflix. First, listen to the ICE conference calls over the years. Great entertainment and vastly more educational than anything else in the parish.
Thomson Reuters Reports Q3 2016 Results
Reuters
PLY: It may sound harsh but flat revenues and operating profits is good news in the bell curve of results from the Reuters organisation…
FIS Reports Q3 2016 Results
Business Wire (press release)
PLY: Encouraging numbers for a legacy dinosaur of market technology.
XavRol Warns Moving Euro Clearing Away From UK Could Cost Banks $77bn
City A.M.
PLY: … Er, says the man predicating his next moves based upon selling a majority interest in the main London CCP to Germans who clearly intend to move the HQ out of London. Sorry, your point with this scaremonger was?
CME Expands In Asia, To Open 5 Warehouses For Lead Storage
Reuters
PLY: Interesting to see CME expanding in lead storage just as their annual conference resembles a lead balloon.
New York Stock Exchange Is Courting Millennials With Snapchat Filters and Vertical Video
Adweek
Over the past couple of years, the New York Stock Exchange, which was founded in 1792, has been trying to fit in with the cool kids, honing its social media.
PLY: Interesting content, albeit NYSE strikes me as having been behind the Snapchat ball (I am @FrontierFinance btw) compared to NASDAQ but the possibilities are massive in what is a very engaging and user friendly multimedia product (unlike the rather shorter lived – in all senses – Vine which is closing). Anyway both NY exchanges are stealing a march in the parish with content where there is considerable potential and nobody else seems to be much interested in Snapchat – more’s the pity…if I have missed you please connect on the App!
Goldman Sachs Hands Over its Dark Pool Operations to Nasdaq
Wall Street Journal
PLY: Confirms story breaking yesterday. NASDAQ will clearly hope to avoid taking over the fines Goldmans dark pool once attracted.
BM&FBovespa To Book $58 mln Provision In Brazil Brokerage Case
Reuters
PLY: Filing provision against a court case so far not in BM&F’s favour concerning a failed securities brokerage.
CME To Pay Interest Rate Of 40 bp/annum On Overall Cash Margins
Reuters
Nasdaq’s Jochumsen: ‘2017 is big year for European Exchanges’
Financial News (subscription)
PLY And we are delighted that Hans-Ole is back in Europe to spearhead NASDAQ’s strategy in the EU and indeed Europe too.
LME Warehouse Reforms Distort Aluminum’s Fundamental Picture
Reuters
LME Pauses Fund Charm Offensive To Calm Traditional Members
Reuters
Urbana Corporation Increases Its Investment in Real Matters Inc.
Benzinga
Bats Completes Acquisition of Javelin SEF
Business Wire (press release)
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Huge parish plaudits overnight to the indefatigable Streets Consulting Team. With a team of brilliant standup comedians (including La Streets herself – photo below – in her moonlighting pose as doyenne of financial comedy and many other quips aside…)