Transcript:
This week in the parish of bourses and market structure:
Tadawul make a strong Debut as Abu Dhabi Stock Exchange and Dubai Financial Market announced plans to be fully Monday to Friday, five days a week from the New Year.
Over in Hong Kong senior regulator, Ashley Alder is seeking a “Carbon Connect“ and the unified Vietnam Exchange (VNX) launched in Hanoi and Ho Chi Minh, as Nigeria’s CCP Clearing House also got underway.
My name is Patrick L. Young.
Welcome to the bourse business weekly digest.
It’s the Exchange Invest Weekly Podcast Episode 125.
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 of the past seven days 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.
Investors are looking past the US-China row to the growth potential of the Chinese state. That’s the view of Hong Kong Exchange’s boss and Nicolas Aguzin.
Speaking at a conference in the cities state of Hong Kong itself, elsewhere, Abu Dhabi Securities Exchange and the Dubai Financial Market announced new trading weeks. It’s a whole new work week revolution in the UAE: where many entities may close at lunchtime Friday, including the government – markets will opt for a full-day trading session until 3 pm, five days a week with the open at 10 am local time. Of course the burning question now across the UAE is, will the Friday buffet become a Saturday pastime… or will the government workers be doing it twice a week as the financiers monitor the market close?
The City of London is in danger of becoming a ‘Jurassic Park’? That was what the week summarised what is a London – and indeed European – a problem at decaying stock market product content that looks fit to be branded on Instagram but beyond that doesn’t really influence global growth.
Congratulations to the Nigerian Exchange – the Nigerian capital market has launched its Central Counterparty exchange, thus enabling derivatives trade within Nigeria.
Elsewhere the Bangladesh SEC they have asked the Dhaka Stock Exchange and the Chittagong Stock Exchange to be listed on their own stock exchanges in the near future. And finally quick resume from the Beijing Stock Exchange which is only several weeks old already. A total of 82 companies had listed on the Beijing Stock Exchange by December the 8th covering 25 sectors of the Chinese national economy with a cumulative transaction volume of 43.02 billion yuan ($6.76 billion). Pretty impressive all around for an early starter exchange in only its second week.
Speaking in markets that we’ve written off, five new firms are going to list on the
