TRANSCRIPT:
This Week in the parish of bourses and market structure, a mixed week for parish results is just one element to a busy seven days in the world of exchanges and market structure, stay tuned for some key highlights...
My name is Patrick L Young.
Welcome to the bourse business weekly digest,
It's the Exchange Invest Weekly Podcast Episode 092
The London Stock Exchange shareholder revolt is one big story, but the CME’s managing to be reported as ‘beating expectations’ while profits are actually in freefall. Perhaps scarier still.
Yes, even the London Stock Exchange group managed to eke a 4% profit increase - pushing the Paternoster Square ‘smugometer’ into unjustified Tesla-like orbit. From NASDAQ to NYSE, profits are soaring, before we get to Hong Kong Exchange (HKEX) stellar performance this past week yet, Chicago Mercantile Exchange Group's profits are collapsing at the pace we anticipate for Coinbase’s net commissions. Strange times, but some might think management is an issue.
Good day ladies and gentlemen, this is very brief - in fact, this week, it's an incredibly brief reduction of highlights. It's been a big data week amongst the key headlines from the weakened 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 ExchangedInvest.com. Join us and find out what you're missing at the watercooler of markets.
David Schwimmer could lose a lot of city friends if the mega-merger with Refinitiv encounters any more serious problems.
We didn't say that last week, actually, it was the Sunday Telegraph, that provoked a lot of well #LOL responses amongst the Exchange Invest readership who've been expecting a denouement on the written Refinitive situation for some time.
There's been a singular incapacity by the London Stock Exchange Group to sell the merits of the Refinitive deal beyond those who are de facto Craven to their every word. Group CEO, the man we nicknamed “out of his Depth Dave” is embattled now and the party has barely even begun. The average Refinitiv staffer is starting their Stockholm Syndrome campaign on the latest owner as I speak.
I pity all the poor souls actually making better markets at London Stock Exchange Group, the relentless greed, and myopia mixed with institutional incoherence of the G in the LSEG isn't even in the early “coming home to roost stage” for those pigeons.
Frankly, what we've seen so far wouldn't even qualify for the p...
