October 18 2016


In Today’s Exchange Invest

Big news is UK antitrust ordering ICE to divest Trayport. 


Claim your discount code now via Exchange Invest: Burgenstock is coming soon (see banner on left- and use this discount code “YOUNG15” to get 15% off the delegate fee).

The Stuttgart SE 10th Anniversary MIFID Conference also advertised to your left looks most interesting and I am delighted to be chairing a session there November 17th.

In BigWorld

Meanwhile in Bigworld, a UK councillor has suggested those who continue to support the EU instead of embracing Brexit should be jailed for treason. With the remain side having lost all credibility due to its juvenile anti-democratic antics of late, it’s good to see the Brexit side is entirely full of well balanced folks with a sense of perspective. Just like those nice inclusive homogeneous party members of UKIP.*

*If you haven’t been following the UKIP internal battles, trust me it makes the US Presidential campaign look professional.

Public Markets

ICE Considers Appeal After Watchdog Demands Trayport Sale
Financial Times

Companies such as the Deutsche Börse-owned EEX energy exchange, energy suppliers Centrica and RWE and interdealer brokers Tradition and [PLY:] seemingly anybody else with an EU electricity bill made a complaint.

PLY: Good report by FT. In the limits of time & space, my insights are shared in Premium. For this added value insight, it’s part of the $300 per user / annum side of the Exchange Invest platform – all welcome, email me (reply above) if you or your company are not yet subscribed. After all you get a lot free already but support on the paying side the ledger would be welcome, this newsletter costs me rather a lot to produce for your edification.

Shenzhen-Hong Kong Stock Connect To Make Test Debut Monday
South China Morning Post

PLY: 3-week system test to kick off Monday prior to a full launch as already stated on a Monday in November…

Essa Kazim, Chairman, Dubai Financial Market (DFM): Interview
Oxford Business Group

It Seems There’s No Business Like Show Business
Yorkshire Post

PLY: Pithy readable column from UK Quoted Companies Alliance CEO Tim Ward discussing the exchange, the index and public investment engagement.

Private Markets
The Return Of The Local Stock Exchange – For Good
Press and Journal

PLY: Aberdeen media looks at the Tomas Carruthers’ managed Social Stock Exchange.

”Markets Have To Mirror Physics” – 1st EPEX Power Market Summit Held In Brussels – European Commission To Strengthen Wholesale Markets And Increase General Flexibility Of Power Markets

PLY: If only politics and especially the politics of the EU would mirror the logic of physics, life would be both simpler and more prosperous.

PanXchange & Bulkloads Announce Strategic Alliance
PanXchange, Inc.

China’s Risk Clampdown Hits Commodity Trades, Niche Broker Business
Reuters UK

The slump in trade is a blow for the likes of the Shanghai Futures Exchange.

PLY: A Chinese niche is of course often larger than many other national economies…

Boursa Kuwait Needs Big Deals To Restore Confidence To Market

Boursa Kuwait, formerly Kuwait Stock Exchange, is in a dire need for big deals to restore confidence. 

Special Section: FTI, NSEL, India at the Crossroads
PLY: No news on Jignesh being released after his detention was extended by 3 days Saturday.
Opening Cross: Nightmares & Data Dreamscapes

PLY: More interesting thoughts from Max Bowie with a Hallowe’en twist.

DGCX First Foreign Exchange To Use Shanghai Gold Benchmark
The Bullion Desk

The Shanghai Gold Exchange (SGE) and Dubai’s DGCX are expected to sign an agreement next week. 

PLY: Much less publicity but a Chinese gold challenge to London is clearly happening…

Career Paths
The Stock Exchange of Thailand (SET) has appointed Chirathep Senivongs as EVP, Corporate Strategy Division, to oversee international relations, effective from November 1, 2016. Prior to joining SET, Chirathep was Senior Director, Corporate Communications Department, amongst other positions with the Bank of Thailand.

An EGM at Oslo Bors elected elected Roy Myklebust as a new board  member, replacing Harald Espedal, who on 24 August announced his resignation as a member of the boards of Oslo Børs VPS Holding ASA and Oslo Børs ASA.

Other Stories
FIA Launches Interactive SEF Tracker

PLY: A splendid data upgrade from FIA as they approach their Chicago Expo beginning today. Sorry I cannot be there due to my own travel schedule. Meanwhile I applaud the efforts of the Washington team in data accessibility.

…Thanks for reading as always, and a final word for PRs, especially of vendors: just because you are at FIA Expo, that doesn’t entitle you to publicly for any old dross you propagate help justify your expenses. Proper news will always be welcome.
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