Transcript:
This week in the parish of bourses and market structure:
Saudi Tadawul, they may achieve a $4 billion valuation upon IPO while the Nigerian Exchange should be a public traded company by the time you hear this podcast. Meanwhile, the European Commission demands a near real time consolidated tape, one wonders if the EU can catch up on a decade of undelivered promises around capital markets union.
And this podcast is coming to you from Nassau in the Bahamas, where Mr. And Mrs. Young has been keynote speaker at the first ArawakX International Investor Conference.
My name is Patrick L. Young.
Welcome to the bourse business weekly digest.
It’s the Exchange Invest Weekly Podcast number 116.
Good day ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the week in market structure. All the analysis of the many events over the course of the past seven days can be found in Exchange Invest’s daily subscriber newsletter, the unique guide to bourse business sent daily to your inbox.
More details at ExchangeInvest.com.
Near real-time information is needed to attract more retail investors to capital markets, said the European Commission this week via the Brussels bugle after FESE ( European Securities Exchange Federation) tried to fit an execution format, which might actually meet the EU’s ongoing incapacity to achieve things.
Thus the European Commission delivered a low latency splat to the entire 15 minute delayed notion with a near real time demand for the consolidated tape. Well, that’s the right idea from the European Commission but FESE we’re being realistic. After all, it’s the European Union we’re talking about here, aka those who have comprehensively failed to achieve, for example, any meaningful capital markets union after a decade of vocal emissions, but little beyond that European Commission’s nebulous hot air.
Better Data Needed for Reform of the European Trading Rules said the Official according to the headline in Reuters. Some might argue a better European Union is the vital prerequisite so we can actually have a capital markets union.
The City of London Corporation, they finally got behind the message in a week where the previously Europhile crazed City of London Corporation got in line with protecting clearing heights access from the UK to the EU. Meanwhile, over in Nigeria, the exchange was preparing to list on its own bourse by the end of the week, while the big news in regulation was delivered in a zinger Bloomberg headline:
Sec Chief to Wall Street: The Everything Crackdown is coming
Echoing, of course, the sympath...
