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Now I have arrived in Lisbon, where the wonderfully entrepreneurial Mrs Young is doing more of the heavy lifting this week and promoting women in tech/entrepreneurship too. Thus I will be around, on the sidelines of Web Summit.
In Today’s Exchange Invest
Presidential elections nearly over – soon we can look forward to open litigation and bad mouthing season (plus ca change in other words…).
TNT ICAP deal nears completion, Reuters looks to buy bank stakes in Tradeweb, suggestions TMX may be long term stable, LME Shield facing competition in China…
And there’s more, happy scrolling:
Events
Don’t forget to book your place for the MOEX Annual Forum which 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.
Burgenstock: one week to go! 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
Dunno about you but clearly I feel a lot more confident that the likely next leader of the free world is a technological incompetent from the analogue age whose pathological persistent lying is presumably viewed by the FBI as being standard operating procedure for the political classes. Phew! Thank goodness being a totally arrogant technophobe with an incapacity to speak the truth doesn’t disqualify you from having your bombastic fingers on the red button. We can all sleep easily on that one I am sure! Can she win the election and give an inauguration speech that resounds “read my lips, no truth here?” I wonder…
To think only 8 years ago the narrative was “hope and change.” With this Presidential election I fear the requirement now is to “Make America Credible Again” as opposed to a nation perceived to have a fetish for ‘red line’ dancing (sort of boot scootin’ and hollerin’ but never cross that red line…no siree). Whatever the FBI say, I make the EI Impeachment Index a play from the short side.
Public Markets
“To give you an idea of how complex it has been getting this deal over the line, Andrew Baddeley [chief finance officer] and I had to send photographs of our wives to the Colombian regulator the other day,” said Mr Phizackerley.
PLY: The mind boggles.
Thomson Reuters Looks At Raising Majority Share In Tradeweb
Financial Times
PLY: As rhe bankers cash out, it makes sense for TMR to be increasing its stake as it needs a new line of cash cows now that Money.net appears to be ready to violently undercut the Bloomie-Reuters oligopoly in terminals.
TMX ‘steady-as-she-goes’ Approach Paying Off Despite Nasdaq & Aequitas Competition
The Globe and Mail
PLY: The ice always looks perfect for skating until the first crack leads to a second and then another in quick succession, before the waters emerge sucking the hapless skaters into the freezing lake.
Tech Firm To Challenge LME’s New Electronic Warehousing System
Reuters UK
PLY: The pilot LMEShield programme has a competitor from Malta headquartered essDOCS. Very interesting.
Government Of Azerbaijan, World Bank Conclude Implementation Of Capital Markets Modernization
AZERTAC News
European Banks Face Collection Costs for Financial Transactions Tax
Bloomberg BNA
PLY: Given the semi-endless hectoring pursuit of Google by the EU and given that Google’s motto is “Don’t do evil” can we conclude that the EU’s motto is by osmosis “Just do evil?”
Financial Regulations Have Become The Modern Day Frankenstein’s Monster
South China Morning Post
PLY: Good headline but still an understatement. #“MakeAmericanCredibleAgain.” |
Thanks to the fabulous team at the ICA who organised a magnificent 41st conference in Jordan at the Kempinski Palace, Ishtar over the weekend. It was a pleasure to discuss future trends in tech and indeed fintech as well as markets.