TRANSCRIPT
This Week in the parish of bourses and market structure:
ICE has taken their leave of Coinbase with a stunning return well beyond the pixels of Exchange Invest, PLY has been celebrating the first month of Murban in The National while the EU Open Access proposal is dying as Brexit Britain takes the initiative, meanwhile, CME closes all but one pit.
My name is Patrick L Young.
Welcome to the bourse business weekly digest,
It's the Exchange Invest Weekly Podcast Episode 093.
Over at CME the pits are barely there, only Eurodollar options will remain for the time being. As the London Metals Exchange (LME) continues to debate the future of its ring.
Good day ladies and gentlemen, this is a very brief reduction of highlights from another frantic week. These came from the key headlines covered during the course of the weekend market structure with all the analysis of the week's many events and happenings in Exchange Invest - the daily subscriber newsletter that provides the watercooler of the bourse business, sent daily to your inbox.
More details at ExchangeInvest.com
With the first month over, it was time to review the scores on the doors for Murban and futures volume this week, and what incredible reading it made for.
Indeed, the already encouraging launch of IFAD (ICE Features Abu Dhabi)- the ADNOC ICE Joint Venture was simply scintillating as I described it and an opinion editorial piece in The National Newspaper of the UAE: “The Island of Excellence Emerging Around Murban Futures” went the headline.
PLY: Exchange Invest was of course born to spread the word through the digital bush telegraph, primarily about the achievements of the exchange world.
For the past year, we have been doing brilliant work as a parish, and where I can find an avenue, I enjoy spreading the word about how free markets via open exchanges work. That's not a revenue source for us like this podcast, but it's vital we get this message across to the outside world, again like this podcast.
To that end, I was delighted that the UAE newspaper “The National” published my opinion piece on the simply stellar achievements - in regulating, market creation, and driving unprecedented product liquidity - to a whole new product set in Abu Dhabi.
After all, let's remember it was 504 days in the making from the first announcement. Despite opting COVID lockdowns around the world before we actually saw the launch of IFAD Abu Dhabi itself an incredible achievement at the same time to be one month old. This is truly a benchmark market in Murban that is emerging alongside Brent Crude in West Texas Intermediate. Or as I put it in Th...
