September 26 2016

elb2Brace yourselves for some exciting timings for Exchange Invest this week. As you doubtless know while various people have helped out with production over time, only I furnish the insights and pith under my “PLY” moniker. To that end, the pith may flow at different hours this week as I’m in Brazil where I am the opening keynote speaker Monday at the World CoOperative Management Conference in Belo Horizonte. It promises to be a fascinating conference. I am discussing the changing world of finance & fintech and how this impacts business and of course, particularly, cooperatives.


In Today’s Exchange Invest


Kerviel gets perhaps the broadest spread in even investment bank history (if this were a market the court could be done for an MADMAR violation) while there are lots of ramifications in all manner of recent stories and various interesting nuggets, especially on CCPs. Go on have a scroll…


In BigWorld


Meanwhile in Bigworld, the brilliant David Harding, has just published another missive on the UK “Brexit” from the EU: The UK’s Liberation from the EU demands a global Financial Investment Zone.


Public Markets

LSE’s Rolet Says 100000 Jobs at Risk If Clearing Leaves London
Spouting Nonsense – LSE Boss Rolet Says 100000 Clearing Jobs At Risk From Brexit


PLY: The man selling London’s largest clearing house to Germany frets about clearing jobs leaving the City.


What A Bats Global Sale To Chicago Outfit Might Mean for KC
Kansas City Business Journal (blog)
Who is CBOE, The Potential Suitor For Bats Global?
Kansas City Business Journal
CBOE and Bats Global Markets: A Q&A
Financial Times
Bats Exchange Deal Would Bring CBOE Instant Diversity
Reuters UK


Kerviel Bill Cut to $1 Million From $5.5 Billion by Judges


The LSE-Deutsche Boerse-Curve dilemma
FOW magazine


Swiss, German Share Trade Settlement Houses Team Up To Cut Costs

PLY: ‘Deja vu one more time’ for the Swiss and German exchanges?


Sebi Act Safeguards Interest Of Employees: Chairman
Economic Times


Exchanges Defeat US HFT Appeal


Incomplete Stock Exchange Demutualisation Criticised
Dhaka Tribune


Thomson Reuters Intends to Purchase up to 6.5 Million Shares Through Private Agreements
Montreal Gazette


Sebi Allows FPIs To Directly Trade In Corporate Bonds
The Indian Express


CME Shifts Clearinghouse Access As New Rules Reshape Derivatives


Warsaw-Stock-Exchange-cautious-yet-optimistic;-may-look-for-acquisitions, Przegląd prasy


Foreign Investment: Need For Simplification
Financial Express Bangladesh


BSX To Extend Trading Hours
Royal Gazette


BSE Wants To Be ‘investment Exchange’ Of Country: Chauhan
Business Standard


Policy Mandate, Enabling Laws Way To Grow Commodities Exports’
Leadership Newspapers


Jute Bourse Sniffs Scope
Calcutta Telegraph


PLY: The East Indian Jute & Hessian Exchange, once a player seeks to regain ground lost to more technologically savvy players such as MCX and NCDX.


Special Section: FTI, NSEL, India at the Crossroads


ED Arrests Ludhiana Trader In NSEL Scam
Times of India




Deutsche Boerse To Set IT infrastructure For BSE International Exchange in GIFT City
Business Standard


WFE Publishes Cyber Resilience Principles


The Looming War For Blockchain Patents




CME Europe Plans Second Wave Of FX Futures
FOW magazine


ME Relaxes Gasoline Delivery Rules For New Jersey Amid Shortage


SGX To Launch More LNG Derivative Products in Q2 2017


Career Paths

Account Manager Jobs From Cleartrade Exchange Pte Ltd (CLTX) – eFinancialCareers


Former FSC Vice Chairman Chung Likely To Head Korea Exchange
Labor Union Opposes KRX Chief Nominee
Korea Times




Are Online Funding Platforms For Startups Breaking The Law?


Other Stories

Mahathir Denies He Was ‘No Better’ As PM
Free Malaysia Today


He cited the international tin market as one disastrous outing. The London Metal Exchange accused Malaysia of trying to corner the market…


EU Escalates Standoff With U.S. On Global Bank Capital Rules


Now in a slightly jet lagged stupor I am off to snooze before the morning’s Keynote!

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