September 8 2016

elb2In Today’s Exchange Invest
The Flash Boys expand in a new direction while Jignesh Shah’s technology arm is being replaced at MSEI (aka the former MCX-SX), and there’s more…

Events

The Inaugural CEE CMU summit will kick off the day of the 2nd CEE Capital Markets Awards September 15th in Warsaw. CMU summit features top line speakers from EBRD, European Issuers and, from this parish leading figures from Vienna, Zagreb, Sofia et al with me chairing the CMU stream. Email me or follow this link HERE to sign up.

Bigworld

Gosh so much of BigWorld to see on my travels – exciting times…and apologies again if I haven’t got back to your email!

 

Public Markets
CME Group Recognized As CCP in Mexico
PR Newswire (press release)

PLY: CME also gained recognition for OTC CCP in HKD last week.

 

Private Markets
Exclusive: ‘Flash Boys’ Protagonists Aiming New Exchange At Gold
Reuters

PLY: TradeWind markets which raised $9 million earlier this year, is alive, kicking and looking at Gold. That can’t be good news for the already under pressure LBMA while WGC and LME also have a venture centred on London in the precious metal. Very interesting, even a bit of Blockchain thrown in for good measure..

FX CEO: Currency Market Is Open To Abuse And Regulators Aren’t Listening
Business Insider

David Mercer, CEO of LMAX Exchange expresses his rather legitimate concerns.

Chicago Stock Exchange: A Different Speed Bump Changes Everything
Seeking Alpha

The Chicago Stock Exchange (CSX) has asked SEC for a different version of IEX’s speed bump

 

Special Section: FTI, NSEL, India at the Crossroads

 

PLY: MCX flat, FTIL up 1%, albeit the loss of MSEI as a client must come as a shock to the tech vendor…

 

Technology

 

 

Sky High Cost Drives MSEI To End Pact With 63 Moons
Daily News & Analysis
PLY: A blow to FTIL albeit tricky for MSEI to get out of the 99 year lease (yes, you read that right). Read the story, MSEI spending about $3 million a year on tech, seeks to reduce that to about $1,75-2 million approximately). Nevertheless this is a body blow to FTIL albeit hardly a surprising one in some respects as it always seemed their offering was not just fully priced but also subject to what some may have viewed as remarkable conditions.

 

 

India’s ‘Flash Boys’ Fret Over Proposed Automated Trading Curbs
Reuters UK

 

 

CME Group Set to Open Innovation Center at UIUC’s Research Park
Chicago Inno

 

Products
ASX Extends Depository Services To Renminbi-Denominated Securities
MondoVisione

 

 

Bats Europe Introduces Minimum Acceptable Quantity Feature To Periodic Auctions Book
MondoVisione

 

 

Indexes
CBOE Vest Launches CBOE Vest S&P 500 Buffer Protect Strategy Fund (BUIGX) – Fund Designed To Track The CBOE S&P 500 Buffer Protect Index Balanced Series (SPRO)
MondoVisione
Career Paths
Former EUREX head of innovation Brendan Bradley has joined the advisory board of Rise Financial Technologies.

 

ICE To Promote Lepart to COO of ICE Clear Europe in November
FOW magazine

PLY: Replacement for the retiring COO Mike Gibson.

 

Gertrude Tumpel-Gugerell To Lead Valuation Of Past EFSF/ESM Programmes
MondoVisione

 

Autonomous Research Names Global Head Of Fintech Strategy
MondoVisione
Crowdfunding
Equity Crowdfunding Comes Of Age: Seedrs Announces First-Ever Portfolio Results, With An Overall 14.44% IRR (Annualised Rate Of Return)
MondoVisione

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