TRANSCRIPT:
This week in the parish of bourses and market structure:
Sebi goes DLT as National Stock Exchange profits jump in India and at the National Stock Exchange of Australia, ‘there’s trouble at mill…’
My name is Patrick L. Young.
Welcome to the bourse business weekly digest.
It’s the Exchange Invest weekly podcast, Episode 108.
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 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 ExchangeInvest.com.
This week we saw two forms of “Trouble At Mill…”
First there was Borsa Italiana as part of Euronext. Italy 24 News reported the clash on the CEO (that is the CEO of Borsa Italiana) between the two Italian and French banks.
Meanwhile, the politicians in Italy were getting very vexed too. It looks like a pitch battle as France seeks to run Euronext, AKA business as usual. And Italy as the largest component of the Euronext group reckons it gets a bigger say. Who replaced “Rafa” in Milan is not a defining point (even where refer Jeruselmi himself has not even apparently confirmed he’s retiring yet.)
Euronext, meanwhile, issued a somewhat dismissive statement:
“We are working with Borsa Italiana colleagues on the business plan, any assumption on its contents is pure speculation.”
On “the trouble at mill” too and over to the National Stock Exchange of Australia.
“The former competition watchdog chief Graeme Samuel abruptly quit the board of the National Stock Exchange of Australia just four months after he joined it to considerable fanfare.”
Less than 24 hours before the announcement, The Australian Financial Review had revealed that the NSX’s interim chief executive and major shareholder John Karantzis had been accused by the Australian Tax Office of hiding income in “known secrecy havens” and falsifying his tax affairs,...
