Transcript:
This week in the parish of bourses and market structure:
Excellent results from NASDAQ.
ESMA, are they moving from Procyclical to Pro-Kamikaze?
Valereum PLC buys the Gibraltar Stock Exchange and FTX is valued at $32 billion.
Welcome to the bourse business weekly digest.
It’s the Exchange Invest Weekly Podcast Episode 130.
Good day ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the past week’s news in market structure. All the analysis of these 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.
In the Middle East in the United Arab Emirates to be precise, Bahrain has signed an MoU. Bahrain Clear with the Securities Clearing Centre company Muqassa, which is of course the central counterparty division of the Tadawul Group in Saudi Arabia.
The London Metals Exchange has got the first new ring dealing member in some 15 years. Welcome to Sigma Broking joining the last pit in the financial centre of the city of London. Egypt won’t be joining Euroclear until the second half of 2022 according to one of the ministers there. While the Baltic Exchange has postponed a rather controversial auction following ‘concerns’ from members. The Baltic Exchange sea nymphs statue which dates back to 1907 will not be auctioned off during February 2022 as previously planned.
Results news this week: lots of results, all the details were in the parish bourse business digest Exchange Invest. Here are some highlights:
NASDAQ reported spectacular numbers, 2021 net revenues up at 10% year on year. Nasdaq made it three excellent earning beats out of three. Will they be making a fourth in the next quarter? Or will the Imperial analytical guild strike back?
#Whatever – the simple reality is excellence being delivered every day at NASDAQ and that’s great news for the parish and raising money for Main Street USA and indeed Main Street Europe as well.
MarketAxess by comparison missed their estimates with their Q4 profits retreating. Japan Exchange relatively anemic profits numbers there as well.
It was a busy week for new markets in the parish. All the information was of course in Exchange Invest daily, the newsletter no person can afford to be without in capital markets and market structure. For the sake of this podcast, here are some highlights:
