Transcript
This Week in the parish of bourses and market structure:
A load of hot air? Emissions of value again in London as Coinbase’s results cannot stifle an accelerating stock slide.
My name is Patrick L Young,
Welcome to the bourse business weekly digest.
It's the Exchange Invest Weekly Podcast Episode 095.
Good day ladies and gentlemen, this is a very brief reduction of just a few 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 to your inbox six days a week.
More details at ExchangeInvest.com.
Let customers choose where to clear Euro derivatives, the banks have told the European Union. It should be for clients to decide where they clear Euro derivatives, though customers are ready to move business from London to Frankfurt, if forced to by the European Union, bankers said this week.
PLY: Spineless bankers and all that but a subtle untruth - for in reality business will go, it will disappear if forced to, it will migrate. But a lot of that is just going to evaporate into the ether as a large number of investors would rethink their relationship with the Euro and the EU as a bloc when it turns more protectionist still.
In results 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…
Coinbase, they boosted the years of active users forecast range, they reported quarter Q1 numbers which were entirely in line with what they previewed. And last time we looked the stock was off not far short of 50% from the highs of just six weeks ago, when of course everything was frothy and light and wonderful. And it looked as if we were in a crypto universe forever. Well, at least if you had your bubble blinkers on.
New markets this week:
It was also a bumper week where lots of new markets were announced in bourse Exchange Invest daily. Let's just look at a couple of highlights...
CERC (The Central Electricity Regulatory Commission) - they're the power regulator in India they have approved the registration of India's third power exchange. That's going to mean that PSL will have the right to establish and operate a power exchange alongside the IEX and PXIL.
Elsewhere, SEBI they've unveiled a Bullio...
