Transcript:
This week in the parish of bourses and market structure:
Big upheaval in the Middle East as Qatar Stock Exchange buys LSEG technology. The US government drought may be leading to a water ban? Nigerian Derivatives are a Go-Go on NGX while we mourn the passing of an ace parishioner.
My name is Patrick L. Young.
Welcome to the bourse business weekly digest.
It’s the Exchange Invest Weekly Podcast Episode 140.
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 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.
The outgoing London Metals Exchange (LME) Chief Executive Officer Matthew Chamberlain has called for scrutiny of private deals in the nickel probes that are ongoing. The blind spot and over-the-counter markets were meant to have been resolved by reforms after the global financial crisis of 2007-2009, noted Philip Stafford in the Financial Times.
Is that a storm in a Nickel cup ladies and gentlemen or OTC Swaps risk 2.0?
It does appear perturbing that “The issue is further compounded (according to the Financial Times) because although it opens for the morning in Asia, LME’s clearinghouse typically does not ask for intraday margin calls until the market has opened at 8 am London time.”
Over an India, Domestic Gold Spot Exchange is facing a tax hurdle. That means they’re unlikely to start operations in the near term due to a big fat VAT problem, which is threatening to delay if not entirely derail the concept of Indian Gold exchanges.
Intercontinental Exchange (ICE) they’re partnering with McLaren racing. They’re going to have an amplified focus on sustainability and diversity along with of course speed. Readers may recall a NYSE sponsored Marco Andretti being overtaken on the last lap of the 90th Indy 500 in 2006. Now, NYSE owner ICE is sponsoring the Extreme E team of McLaren, whose racing boss Zack Brown is a star of the recent ICE TV commercial.
In the Middle East, Abu Dhabi Exchange (ADX), they’ve unveiled a rebranded $17 billion growth market in a push for private sector listings. The Colombo Stock Exchange,...
