TRANSCRIPT
This Week in the parish of bourses and market structure, London Stock Exchange group double down. Is ISS independent? The UK curtails MIFID II, and results are mixed as Interactive Brokers on NASDAQ display classy performances.
My name is Patrick L Young.
Welcome to the bourse business weekly digest,
It's the Exchange Invest Weekly Podcast Episode 091.
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 many events and happenings can be found in Exchange Invests daily subscriber newsletter, the unique guide to the bourse business sent daily to your inbox.
More details at ExchangeInvest.com
In the week when Interactive Brokers and NASDAQ led with roaring results - well done - let's concentrate on that brilliant thing: something which Exchange Invest itself was launched as a newsletter to applaud.
It feels like dog years in the current lockdown state of near Stasi restrictions on our everyday lives - by the by I was alone in reading an article the other day on the (truly brutal) crackdown on anti regime protesters in Belarus, which left me musing that it seems even in Minsk, where displaying red and white garments can get you a savage beating in prison, that nonetheless, you can wander around breathing Gods air unaided without a face mask.
Anyway, I digress...
I mentioned the other week the success of IFAD (ICE futures Abu Dhabi) and the momentum shows no sign of slowing - albeit RSI (I don't mean relative strength index, of course) I mean, Repetitive Strain Injury may yet before the ICE PR team. Anyway, we know at a record of 18,848 Murban Crude Oil futures that took place on April the 20th, just before this podcast was recorded, which I think you will find amounts to significantly more than for instance, the first month of entire trading on the international petroleum exchange's Brent crude futures. And of course, what do we know about crude oil these days? Well, nowadays it's a billion barrels a day of Brent crude futures.
Meanwhile, if we peel back the numbers, we can see that substantively, there have been, well just 17 clear trading days before ICE got so achingly close to the 20,000 contract marker because of course, Easter closed many markets (where also It seems the bubble in beach huts really got going in parts of Europe). Plus, of course, Ramadan began last week, which often saps a bit of energy from Middle Eastern markets.
Of course, this all happens #DespiteCOVID but I think we can resolutely say the best markets of the parish are Ops-oblivious to the pox.
It's been another week of mixed analysis for Coinbase. The stock has been trading with a lot of volatility during the course of the week. Some are saying the stock is headed to good grief, at...
