September 15 2016

elb2In Today’s Exchange Invest


A slightly earlier than usual edition as I am zooming off to chair the first CEE CMU Summit this morning…


CMU prioritised, Prips rules derailed by MEPs, MCX tests off exchange, NSE discusses listing with Sebi and there’s more…




Great to catch up with speakers including Erja Retzen of NASDAQ, Ivana Gazic of Zagreb SE, Ivan Takev of Sofia SE, Florence Bindelle and Aleksandra Palinska of European Issuers at last evening’s jury dinner for the CEE Capital Markets Awards. All of the above names plus the likes of CEESEG CFO Petr Koblic and the EBRD’s Jacek Kubas will be in action on the inaugural CEE CMU summit panels I am chairing this morning.


Then this evening it’s the 2nd Annual CEE Capital Markets Awards Gala – with an excellent lineup of nominees vying for 20 awards.




EU President Juncker gave his state of the Union address yesterday which gets interested folks in a lather. The important bit for parishioners was the prioritisation of Capital Markets Union (CMU) and on that note, I must zoom to chair the first CEE CMU forum…


Public Markets

MCX Conducts Live Trading From Its Disaster Recovery Site
Times of India


Private Markets
NSE To Meet Regulator For Clarity On Its Listing
Business Standard


PLY: NSE apparently remains uncomfortable about Sebi’s bizarre demand that exchanges can only list on a rival platform…


BSE Seeks Sebi Nod For International Stock Exchange At GIFT City


PLY: After all the hype, as expected the international players don’t seem to be interested currently but BSE remains eager to set up a bourse in the GIFT IFC development.


BRIEF – Nairobi Securities Exchange Reports HY Pre-Tax Profit Of 106.7 million


PLY: $105,000, under half last year’s level.


Pilot Project To Sell Grain Online In Bidar
The Hindu


The government will soon start a pilot project to help farmers sell foodgrains through online platforms like National Commodity & Derivatives Exchange


Why Bermuda Will Remain Central To Risk Transfer Innovation
Intelligent Insurer (subscription)


PLY: Includes input from Greg Wojciechowski, chief executive of the Bermuda Stock Exchange.


CFTC Staff Announces That Yieldbroker Pty Limited Qualifies For No-Action Relief
Exchange News Direct



Special Section: FTI, NSEL, India at the Crossroads

PLY: FTIL down 1%, MCX up 1%, no NSEL news.




Coinpit Takes First Steps Toward Trustless Bitcoin Futures Exchange
Bitcoin Magazine


PLY: Multisign technology touted as a means to avoid hacking and theft of Bitcoin in exchanges…



Commodities May Be A Sweet Spot For Blockchain (subscription)


By enabling ‘smart contracts’ with automated post-trade processing, for example, the technology could eliminate the need for clearing houses.


The Curious Case Of The Missing LME Lead Stocks Explained: Andy Home


PLY: Warehouse stock error attracting a modest fine goes down like, well, a lead balloon, with some.





Nasdaq Included In Dow Jones Sustainability Index – Joins Nasdaq-Listed Companies Including Adobe, Intel, And Starbucks


SGX Strengthens Index Business Through Partnership With S&P Global Market Intelligence
Asia Asset Management


Career Paths


Having been a proposed appointee to the board of HLDCO123 plc June 1, as the shotgun ‘merger’ was being planned, Andrea Munari is standing down from the LSEG board October 1st while Andrea Sirona, Chairman of Borsa Italiana SpA since January 2016 will replace Mr Munari on both the LSEG board and the ‘holdco’ board.


Kristin Peck, EVP and President of U.S. Operations at Zoetis (NYSE: ZTS), a NYSE-listed global leader in the discovery, development, manufacture and commercialization of animal health medicines and vaccines that was spun off by Pfizer in 2013, has joined the board of Thomson Reuters.


Axioma, a risk and portfolio management solution vendor, announced the appointment of Steve Mann as Chief Marketing Officer.


Axel van Nederveen, Treasurer of the European Bank for Reconstruction and Development (EBRD), has joined the board of ISDA.


The Quebec AMF is seeking circa 15 candidates to serve on a Technological Innovation Advisory Committee (TIAC). The TIAC’s work will be closely related to that of the AMF’s Fintech Working Group,



European Union Stops Harmonization Process For Crowdfunding Rules
Crowdfund Insider


Crowdfunding: Why Startups Are Ignoring The Risks And Betting The Farm


Crowdfunding Brings Case Over Cyclist’s Death


A woman accused of causing the death of a cyclist is believed to be the first person to face a crowdfunded private prosecution.


Shanghai Police Investigates Online Platforms’ Fundraising
Other Stories


European Commission: Completing The Capital Markets Union – Commission Accelerates Reform


European Commission – Fact Sheet – State Of The Union 2016: Questions And Answers On The Communication On Capital Markets Union – Accelerating Reform


Packaged Retail Investment Products: European Parliament Returns Draft Law To Commission

European Parliament Throws Out Standards That Would Hit High Street Investors


Equity Market Structure In 2016 And For The Future, SEC Chair Mary Jo White, Washington, D.C., Sept. 14, 2016, Keynote Address, Security Traders Association, 83rd Annual Market Structure Conference

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