Transcript:
This week in the parish of bourses and market structure:
JamStockEx powers ahead while ICE posts sound numbers once again while Xpansiv makes its second acquisition in a month.
LSEG reckons it’s on target to achieve whatever it thinks is a target for Refinitiv
while we’re not sure anybody believes this
…and Coinbase appears to be cracking.
My name is Patrick L. Young.
Welcome to the bourse business weekly digest.
It’s the Exchange Invest Weekly Podcast Episode 156.
Good day ladies and gentlemen, welcome to this episode 156, what a pleasant alpha male that was back in the day. 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 and happenings of the past seven days 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 alleged BTC-e operator Alexander Vinnik is now in US custody after being immediately extradited from Greece after proceedings concluded there last week while Robinhood CEO Vladimir Tenev dismiss the possibility of his firm Robinhood being acquired by Charles Schwab or the crypto exchange FTX or indeed anybody will do the acquiring, he said boldly. That led me in Exchange Invest wonder what if, say both Robinhood and FTX don’t survive? That might amount to #BlueSkyThinking.
One market that looks as if it’s not going to survive is predicted, by the University of Wellington, New Zealand’s prediction market, the CFTC in an oblique judgment this week, their staff withdrew the no-action letter relating to the market which had become a favorite for political prediction market betting.
Meanwhile, the London Stock Exchange boss out of his depth Dave Schwimmer and I agree on something we should teach about the City of London at school, teaching people about the financial world in schools could unleash a new generation of investors according to the chief executive of the London Stock Exchange noted This As Money this week. We cannot agree more with this excellent sentiment. Classical education is good, STEM highly useful, but the abject lack of real-world skills taught in schools is a hindrance to bringing children into adulthood in the modern age.
The Moscow Exchange delayed access this week for non-residents from what might be termed friendly countries to Russia, presumably fear of a mass onslaught of selling being the reason why they cannot yet access the market. Meanwhile, a bit of an onslaught in Sri Lanka, the new president Ranil questioned whether the Colombo Stock Exchange was a valid platform for state-owned enterprises to be privatized upon – the reason being is the market rigged?
As president Wickremesinghe himself said: “Either you all must change or we put up a new institution. I don’t want any more arguments on that. If you have to use the present Stock Exchange, we must all be satisfied that it is neutral and ben...
