October 25 2016

elb2 In Today’s Exchange Invest

NASDAQ scoops the headlines today with what may be referred to as a prodigal son repo. After 2 frantic, productive years jet setting from the USA and managing all NASDAQ’s markets, it’s mission accomplished. With a tighter structure in place, the new Vice Chairman position leaves Hans-Ole Jochumsen in an ideal position: to look across the entire gamut of European operations. This is a win win for NASDAQ and Hans-Ole as well as great news for markets. An already accomplished executive is returning to Europe with additional experience to complement his already significant skills set. I must admit to being both excited and delighted that Hans-Ole has been elevated to this position.


Coming Soon: Burgenstock returns, slightly later than usual due to Swift invading Geneva in September. Time to Claim your discount code via Exchange Invest: (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

Europe, land of the Walloons remains unlikely to be a rallying call for Canadians for some time to come.


Public Markets

Nasdaq Names Hans-Ole Jochumsen Vice Chairman – Will Work With Nasdaq’s European Teams To Deepen Relationships Across The Continent

PLY: With a remit to consider and oversee the entire European business footprint, this is a good move by NASDAQ to ensure that opportunities are exploited (and certainly not missed!) in what is an important moment for European markets and NASDAQ’s role therein, straddling multiple jurisdictions both inside and outside the EU. Moreover, plaudits to Hans-Ole for the excellent job he did as ‘President of Markets’ (to abbreviate his previous title) which has included rejuvenating NDX on a budget and much else beside, as well as leaving behind a stronger structure.


Bursa Malaysia Registers Profit After Tax And Minority Interest Of Rm143.5 Million For Nine Months Ended 30 September 2016


PLY: Not the best of results but materially better than the SGX numbers of late certainly.


Report Calls UK Financial Watchdogs Cowed & Secretive
Reuters UK


PLY: Britain has tripled regulatory spending since 2008 to USD 1.5 billion – some folks, including Xavier Rolet think the money is not being well spent.


MCX To Set Up Disaster Recovery Site At GIFT
Business Standard


SGX Brokers Struggle To Survive As Trading Volumes Fall Sharply
International Business Times, India Edition


PLY: This headline is fascinating as much because it is so rarely heard nowadays. However, SGX has an existential problem, it is not clear what it is for and while the Baltic is an acquisition, this business needs transformation whereas the freight market is a fascinating acorn to grow.


HKEX To Roll Out Volatility Control Mechanism For Its Derivatives Market

Private Markets


Sebi’s Proposed Algo Trading Rules Cast Pall Over NSE, BSE IPOs
Economic Times


S. Korea To Open OTC Stock Market For Startups In November
Yonhap News


The KRX Startup Market (KSM) is slated to open Nov. 14.

Special Section: FTI, NSEL, India at the Crossroads


PLY: No stories, Jignesh Shah still on bail.


BSE Launches ‘Paperless SIP’ Facility For MF Investors
Financial Express

BSE has introduced a paperless SIP facility for mutual fund investors.

NMCE Re-Activates Pepper Contracts
Hindu Business Line
…remarkably not a jot of index news today…
Career Paths


It’s all Hans-Ole today, see above…



GoFundMe Is More Than Double the Size of Kickstarter


PLY Even more seismically, GoFundMe raises more money than the 135 year old red Cross – a clear Hamel & Sampler bullet delivery moment for the charity industry…


Debbie Wosskow OBE Launches Female-Focused Crowdfunding Platform


PLY: Interesting and worth trying presumably to exploit clear trends of women preferring to back other women…albeit startup returns appear to be best with mixed teams as opposed to those exclusively of one sex or the other.

Other Stories
Dyn DDoS Attack Exposes Soft Underbelly Of The Cloud
InfoWorldFrom the SaaS providers’ perspective, their options are limited, since again, the attack is happening upstream. 

PLY: Again the point of simplest access was targeted last Friday carrying on the recent theme in these newsletters…


Remarks Of CFTC Chairman Timothy Massad Before The Conference On The Evolving Structure in the US Treasury Market


EBA Calls For A Simplified And More Harmonised Large Exposures Regime

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