September 9 2016

elb2Sunday marks the 15th anniversary of the 9/11 attacks, a dreadful attack on not just civilisation but most particularly, our industry, which was caught in the cross hairs of the pure evil of terrorism. We will all, I am sure, mark the day in our own way, remembering colleagues who were caught in this senseless tragedy.


In Today’s Exchange Invest


ICAP TNT passes antitrust, as SEBI nixes crowdfunding and Eris Exchange expands. Happy scrolling:




Next week 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.




Thanks to CBOE for an excellent soiree in London launching their new office in London (gosh 40 years laters…latency lives!). Seriously, a very good evening, good to catch up with various CBOE management last evening and great to see the world’s leading international financial centre has representation from another major exchange group.


Public Markets


Tullett Prebon & ICAP Get Watchdog’s Blessing For £1.1bn Deal
Tullett’s $1.5 Billion ICAP Bet Shows Conversation Isn’t Dead

PLY: And then there was 4: ICAP, TNT, BGC/GFI and Tradition – all with increasing differing approaches in what used to be the most homogenous of spoken markets… Good to see antitrust pragmatism works – hopefully now we can see the ICE-Trayport deal go through too.


INTL FCStone Expands Capabilities With Acquisition Of ICAP’s EMEA Oils Broking Business

PLY: Antitrust issue overcome as FC Stone scoops up ICAP assets.


HKEX Signs MOU With Shandong Provincial Government


FTIL Posts Net Profit Of Rs 12.36 cr In Q2

PLY: Jump from vast losses last year to circa $1.8 million profit in latest quarter. Quite a scintillating result albeit with data not reflecting yesterday’s surprise announcement that MSEI (former MCX-SX) are seeking to end their arrangment with FTIL…


Private Markets


India’s BSE Said to File Initial Share Sale Papers in Few Days
BSE’s IPO Plan Gains Traction, Board Approves Draft Papers


SMEs Should List Without IPO
The Swazi Observer

MINISTER of Finance Martin Dlamini has urged Southern African Development Community (SADC) stock exchanges to encourage micro / SME listings.


SSX Moves To New Premises

THE Swaziland Stock Exchange (SSX) will soon be moving to its new offices in preparation of introducing its new innovative automated trading platform.


Eris Opens London Office; Announces Significant Sales & Marketing Expansion
PR Newswire (press release)

PLY: Good luck to the good folks of Eris on all accounts (job posted below).


Special Section: FTI, NSEL, India at the Crossroads


PLY: MCX falls nearly 3% as FTIL rockets 15% higher – surely more than just a reaction to leaping back into profit?




ICE Integrates SFTI & 7ticks Networks To Expand ICE Data Services
Business Wire (press release)


Fintech Company Beeks Launches Cloud-based Trading Market
Herald Scotland




SEBI To Inspect NCDEX Warehouses In Gujarat


Career Paths


NZX COO Mandy Simpson has resigned to become CEO of a unnamed New Zealand CyberSecurity firm, effective October 31st, 2016.

Waqas Samad has joined LSE Group as CEO of fixed income & multi-asset benchmarks.

Timothy Stack formerly with Barclays will be Managing Director, Head of Europefor Eris Exchange based in the new London office.

Meanwhile, Eris Exchange has a sales job going in New York via eFinancialCareers

Longstanding FIA member, Greg Wood is joining FIA as SVP Of Global Industry Operations & Technology.

Michael Morris is joining BGC Partners as Head of Sales for FENICS Market Datafor the Americas, from Bloomberg.




Crowd Control: Sebi Warning Turns Off Crowdfunding Tap For Startups
Economic Times

PLY: In questioning the very legality of crowdfunding, SEBI kills the Indian crowd.


Crowdfunding London’s Public Transport?
Railway Technology

PLY: Anything is possible with London’s transport infrastructure, albeit the risk reward tends to skew towards the laggardly…

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