October 10 2016


Monday morning and Jignesh Shah may be about to incur more charges – plus ca change. Zagreb SE creates a crowdfunding partnership as NASDAQ looks at commodities in Singapore. CME has reduced its stake in BM&F Bovespa, and there’s more…

Full marks to Ron Attard and the EY team who put together a hugely impressive Malta National Attractiveness Day Conference last Friday. The 500+ senior decision makers from the islands reflected pretty much everybody at the top of Maltese industry as well as various interesting overseas speakers. It was a pleasure to speak on a panel about Fintech and I compliment Karl Mercieca of EY for his excellent chairing. The discussion itself, was not only notable for the presence of the finance minister saying close attention to the input of Malta SE Chairman Joe Portelli, Michael Xuereb of MFSA, EY expert Chris Portelli and myself.

In the public domain coming soon, there is Burgenstock (see banner on left) and likewise the Stuttgart SE 10th Anniversary MIFID Conference also advertised to your left… Various private briefings for me in the meanwhile with clients and amongst other trips, a day or two in Bahrain beckons.
In BigWorld
A traditional school debate for decades has been “Columbus should have stayed at home.” Today Big world has the opportunity to ponder that notion against the backdrop of the latest US Presidential debate.

Happy Columbus Day and a Very Happy Canadian Thanksgiving day too…



Public Markets

CME Group Reduces Its Stake In Brazil’s BM&FBovespa

CME Group Inc. reduced its stake in BM&FBovespa SA to 2.4% from 4%.

PLY: Holding remains above the 2% threshold required for CME to nominate a BM&F Bovespa board member.

Nasdaq Plans China Commodity Futures Trading In Singapore
Irish Times

News of the initiative comes as a number of foreign exchanges, including Nasdaq, Intercontinental Exchange and Deutsche Börse, have move

Lindsell Train’s Bullock: DB1/LSE On ‘Shakier Ground’
Investment Week

“If Deutsche Boerse’s chequered M&A history is anything to judge by, we may now be on shakier ground.”

BvB CEO: Romania Capital Market Close To Gaining Emerging Market Status
bne IntelliNews

After almost four years of intensive effort by the Bucharest Stock Exchange (BVB), the Romanian capital market has been put on FTSE Russell’s

PLY: Romania, is at the tail-end of the psychobubble of asset inflation borne of QE. Bridezilla it might be, but emerging market is a step well ahead of its current position which is – attractive to the yieldhogging flourishing free cash and still a broadly ugly place to do business.

Warsaw Stock Market ‘Symbol Of Poland’s Success’: President

PLY: Plaudits to GPW on its 25th anniversary, celebrated at a glittering gala last week. It’s a shame the exchange has lost so much momentum entirely due to the ongoing fiddling and nitpicking of succesive governments. Make no mistake, Warsaw SE has deep problems ahead and there is no clear evidence the senior management or the manipulative government understand the predicament they face, let alone the way forward.

Private Markets

Brexit May Force Social Stock Exchange Overseas
FT Adviser

PLY: CEO Tomas Carruthers concerned about how impact makes an impact from Britain when the target is pan-European.

Resuming The Commodity Exchange Depends On The Supply Ministry’s Current Direction: Samy
Daily News Egypt

PLY: Market awaits the intentions of recently-appointed Supply Minister Mohamed Ali El-Sheikh.

Special Section: FTI, NSEL, India at the Crossroads

ED To Book Jignesh Shah In Money Laundering Case
The Asian Age

PLY: Plus ca change plus c’est la meme suspect.


Fintech City Gets CM Approval
Times of India

PLY: India sets aside a 52 acre site just for fintech… the wonders of scale – it’s one quarter the size of Malta’s capital city, Valetta, as some form of perspective.



MCX To Introduce Options Trading By January

BSE To Roll Out ‘Paperless SIP’ For Mutual Fund Investors This Month
Economic Times



Sarajevo Bourse To Launch Islamic Share Index On Oct 10


Career Paths

OpenGamma Raises $13.3 Million, Shuffles Execs

PLY: According to Waters, at the same time as the fundraising above (also reported Friday). COO Peter Rippon has become CEO, while former CEO Mas Nakachi becomes vice chairman. Founder Kirk Wylie, formerly CEO and chairman, has left the company,





Funderbeam Launches Partnership With Zagreb Stock Exchange
Funderbeam Wire
PLY: Good idea for Ivana Gazic to add crowdfunding to the Zagreb SE stairway of funding.

Other Stories
How Bots Are Fueling High-Speed Bitcoin Trading

AFM, FEAS Welcome IME’s Creativity On Financial Markets
Mehr News Agency – English Version

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