This Week in the parish of bourses and market structure:
A new era with a nascent futures benchmark ICE Futures Abu Dhabi brings Murban futures to the Middle East's newest derivatives exchange.
My name is Patrick L Young.
Welcome to the bourse business weekly digest,
It's the Exchange Invest Weekly Podcast Episode 088.
Good day Ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the weekend market structure. All the analysis of the week’s many events and happenings can be found in Exchange Invest’s daily subscriber newsletter, the unique guide to the bourse business sent daily to your inbox.
More details at ExchangeInvest.com
Seemingly without breaking a sweat and against the complexities of COVID-19. ICE launched ICE Futures Abu Dhabi (IFAD) this week with no fewer than 19 contracts going live simultaneously.
The biggest contract news was the launch of Murban futures- which looks to create inevitable momentum towards a Middle Eastern benchmark from the Emirates sitting between Brent crude and West Texas Intermediate as the iPhone itself.
Before the weekend, ICE announced a rather stellar list of members with an elite group of 18 General Clearing Members amongst 24top quality members overall.
Over in the City of London, practitioners are finally grasping the notion the EU will be closed for financial services, as a leading lawmaker, Lord Hill notes:
“The politicians, the regulators, and the market are now broadly aligned about the need to get on with constructing a more nimble, competitive, dynamic regulatory future for this city.”
Lord Hill noted that this week as the Reuters headline ran that the City of London was grasping that the EU will be closed for financial services from London - until presumably, the EU runs out of money. That is true, it's a fairly empty forum for chopped but something has been established through an MOU, it will meet twice a year which ultimately won't actually manage to do much for the Eurostar premium status of the frequent travelers on that train line.
The abject lack of substance in the agreement is demonstrative of Brussels’ desire to bring London to heel and the UK’s desire to break away towards markets where it is not impeded by endless nitpicking or absurdly skewed ‘equivalence’ which the European Union can rescind in the regulatory timeframe of a “New York minute”.
Results news this week:
It was a busy week for Results in the parish all the deals were in Exchange Invest daily - the newsletter no person can afford to be without in capital markets and market structure, for the sake of this podcast let's look at some edited highlights.
Final results for the year ended 31st of December 2020. We're...
