Transcript:
This week in the parish of bourses and market structure:
Valereum Blockchain announced an option to acquire the Gibraltar Stock Exchange. The London Stock Exchange Group is paying up for failure. And there are excellent MSCI results showing just what a data powerhouse can do (once again) – we hope LSEG is taking notes.
My name is Patrick L. Young.
Welcome to the bourse business weekly digest.
It’s the Exchange Invest Weekly Podcast Episode 118.
Good day ladies and gentlemen, this is a very brief production of highlights amongst the key news in market structure. All the analysis of the 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 at ExchangeInvest.com.
Top in the news this week, well dude, it’s got a little bit of self interest therein for (PLY) Patrick L. Young, this particular voice you’re listening to today. Behind this podcast is the Executive Director of Valereum Blockchain, the Aquis listed Gibraltar-based business. Valereum this week made the exciting announcement we have an option to acquire 80% of the Gibraltar Stock Exchange. It’s great to be going public with the deal we’ve been working on for some months.
Elsewhere, there was well quite a slap on from Dubai, the boss of the Dubai Multi Commodities Centre (DMCC) Ahmed Bin Sulayem had the Swiss directly in his sights with a LinkedIn article The Indelicate Balance Of Ethics Against Profit. Essentially the head of Dubai’s Commodity Exchange took a swipe at Swiss authorities for telling their refiners to tighten up audits on gold imports from the UAE. As Ahmed Bin Sulayem noted himself:
“As a global refining centre, it is plain to see how Switzerland would benefit from sullying the reputation of the United Arab Emirates through such statements.”
Nearby, Saudi Arabia, they’re keen to turn their smaller bourse into a tech IPO hub. The kingdom is seeking to encourage tech companies to raise money on exchanges in the smaller Nomu market instead of doing private funding rounds. That should be a big boost to Tadawul if they can make it happen.
Elsewhere, the CEOs delivering consistent shareholder returns was a feature in the Financial Times. There was a good piece of analysis with hearty plaudits to many parishioners, Jeffrey Sprecher, Adena Friedman, Henry Fernandez of MSCI, CBOE’s Ed Tilly and MarketAxess’s Rich McVey for all being in the top tier of CEOs measured by the FTS performance metrics.
Somebody who wasn’t in the FTS metrics table as a top performer was the London Stock Exchange Group CEO. Nevertheless, Out of his Depth Dave managed to snag...
