In Today’s Exchange Invest
The noose is seriously tightening around FTIL in the long running NSEL case as anti money laundering attachment is undertaken by the Enforcement Directorate. Kynetix does an interesting deal with the Singapore Diamond Exchange while CME announces precious metals spread and ratio contracts…and there’s more:
Plaudits to Thom Barnhardt and his team for a great 2nd Annual CEE Awards Gala last night – great to see nominees and winners from across the region.
Earlier in the day we had the first CEE CMU summit which was a fabulous, content rich discussion from start to finish. My thanks to a brilliant lineup of speakers including Jacek Kubas of EBRD, Florence Bindelle and Aleksandra Palinska from European Issuers, Polish brokerage houses chief, Waldemar Markiewicz and Jaroslaw Derylo of Wood & Co. From the exchange parish we had a marvellous line up including Ivana Gazic of Zagreb, Petr Koblic of Prague & CEESEG, Daniel Kormoczi of Budapest, Erja Retzen of NASDAQ and Ivan Takev of Sofia SE.
There were also many lively interventions from the floor, led by one of the region’s elder statesmen in the parish, the great Wieslaw Rozlucki.
My thanks to Piotr Borowski for all his help with the summit and awards organisation.
I’ll be back for CMU summit 2 and the 3rd annual CEE Capital Markets Awards, September 14th, 2017…
Citadel, Other Trading Firms Sue Options Exchanges, Again
Crain’s Chicago Business
Citadel Securities, Ronin Capital and Susquehanna Securities have filed another lawsuit in a multiyear campaign to force the Chicago Board Options
PLY: A dispute over jurisdiction in a dispute over origins of trades continues with another lawsuit…
PLY: RICS rights resolved?
NYSE Announces Further Enhancements to Exclusive IR Market Data Platform, NYSE Connect
Business Wire (press release)
KCG Completes Acquisition Of Neonet
Standard Chartered has joined a group investing $55m in Ripple, including the VC arms of CME Group and Seagate Technology.
Special Section: FTI, NSEL, India at the Crossroads
PLY: FTIL down (only – see below) 1%, MCX up slightly.
ED Lays Claim On Assets Of Financial Tech
PLY Already attached by the Mumbai police, and now the ED has finalised and shortlisted assets to meet the liabilities of NSEL to a total of the 1253 cr liability not a blanket directive as per the Mumbai police (about $200 million). This very stringent attachment under Prevention of Money Laundering Act (which supersedes the Mumbai police) applies to the whole company and not just Jignesh Shah…
Kynetix Does Diamond Deal in Singapore
PLY: Good deal for both the UK based Kynetix, expanding their depositary related offering to the fledgling SDiX which reported encouraging volume recently
SGX Mulls Listing Leveraged Notes On Investors’ Demand
The Straits Times
SGX is considering listing structured products called constant leveraged certificates.
CBOE To Launch Options On FTSE Emerging Index
PR Newswire (press release)
Canada-based exchange operator under the TMX Group today appointed John Willock as Director of TMX Datalinx at TMX Insights.
US Treasury platform OpenDoor has hired former JPM staffer Michael Paulus as Senior Managing Director.
Jennifer Marietta-Westberg, Deputy Director & Deputy Chief Economist Of The Division Of Economic & Risk Analysis, is to Leave SEC After 10 years on the staff.
Jonas Torquist has been appointed COO of EPEX SPOT effective October 18, replacing Thierry Morello after a 15 year stint with the business.