Transcript:
This Week in the parish of bourses and market structure:
NASDAQ makes a Puro Carbon play while London looks very much game on, not “Game Over” as the media might prefer to suggest.
My name is Patrick L. Young,
Welcome to the bourse business weekly digest.
It's the Exchange Invest Weekly Podcast Episode 097.
Good day ladies and gentlemen, this is a very brief production 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 daily subscriber newsletter - the unique guide to the bourse business sent daily to your inbox.
More details are ExchangeInvest.com
Reuters have postponed their website paywall amid a dispute with Refinitiv that as you can recall we discussed in the last podcast.
PLY: Whether the London Stock Exchange Group can save itself from the Refinitiv folly is one entirely separate thing, but at least it appears Paternoster square is saving Reuters management from their imbecilic decision to kill their brand through a subscription fee. Thus pushing web savvy readers to the generic licenced feeds already widely available from the interweb of Reuters news.
Elsewhere FESE (Federation of European Securities Exchanges), issued a genuine cri de coeur as they hosted their virtual annual conference on June 1st. Europe must foster transparent markets to remain competitive, went the simple but efficient headline.
The tragic truth is that after a wasted decade, the European Union isn't serious about a capital market union, it's more a kind of financial services abyss than anything coherent, which is a huge letdown for the ever-diligent FESE folks.
Over in the Philippines, the president of the Philippine Stock Exchange, Ramon Manzano is hyper optimistic. His exchange saw the largest Philippine Stock Exchange IPO in history launched successfully this week (despite a little bit of soggy pricing on day one) the mega noodle concern Monde Nissin came to market successfully.
Meanwhile, back in the European Union, Brexit remains a concern for the panjandrums of Brussels and indeed Frankfurt - albeit they may wish to concern themselves more with a myriad of the other EU problems it's facing. However, the fact that London has crept back to within an inch of Amsterdam and equity trading only months after the Brexit trade arrangements came into force has clearly unnerved both the European Commission in Brussels
