| In Today’s Exchange Invest
Various interesting snippets from discussing crude futures to a final 4 new bankers for the NSE IPO.
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 is next week: 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
For those in need of cheering up, ahead of one or other semi-satanic semi-dysfunctional blond figures taking control of the world’s sole superpower, Father Christopher of Lower Silesia, Poland, has cheered my faith in humanity immensely. He has adorned that one time bastion of the Polish motor industry, a priestly black 1970’s Polski Fiat 126 with stickers and unique canonical adornments plus his phone number. Any parishioner can call this hotline and the throbbing 650cc rear engined thoroughbred will whisk a priest to your door for some low latency delivery emergency prayer and pastoral care.
What a delightful contrast to what may be happening elsewhere beyond the exchange parish.
Photo here: Parish Emergency Prayer Vehicle. More in Polish here.
Public Markets
Update On SGX’s Acquisition Of The Baltic Exchange
SGX.com
PLY: All going to plan but the blob always takes time to acquiesce to even the most logical of transactions.
Bats Global Markets to Provide Bats One Quote, Trade Data to Morningstar
Business Wire (press release)
PLY: Extending previous arrangements.
Ready Set Rocket Hosts “Defining Tomorrow: Lessons in Disruption” Financial Services Summit
MarketWatch
PLY: Pardon the snark but is this really becoming of the name “Defining Tomorrow.” Would “Lipstick on Pigs-fest” not perhaps be more appropriate? (Or maybe the CME client conference already has that term given its shady anti-democratic fiscal incompetent on the speaking list). I mean, seriously, the first thing some of these brands know about “tomorrow” is when the alarm goes off and they awake with a jolt to a thought of “omg is it Tuesday already? Arghhh!”
Brands include New York Life, Morgan Stanley, Credit Suisse, Thomson Reuters, IBM and, remarkably NYSE – good company in the bad old days of “DvD” ‘management’ but to call this a progressive posse is to frankly, unsubstantiated. Not where ICE would want to be positioned certainly and while I get it that the Big Board is an old thing, that’s different from old-fashioned.
CME Takes Emergency Action To Prepare For Election Day Volatility
Reuters
PLY: Hysterical headline for what is a sensible volatility range expansion as results come in and markets anticipate a Hillary-QE friendly status quo coalition which keeps their bonuses flowing (clearly none of them have priced in the Elizabeth Warren / Bernie Sanders access that will drive the parliamentary agenda),
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For those seeking elucidation on tonight’s result, let’s be clear: the next occupant of the White House looks destined to be a remarkably flawed individual with many question marks over their fitness for office. For those hoping for a missed ticket Parliamentary gridlock, it is hardly a huge endorsement of democracy. For the market parish, it is unclear that either leading Presidential candidate can bang rocks together in the first place let alone fail to be surprised that a spark may emit. John Hulsman crushes the concepts neatly in his latest City AM column.