232 Exchange Invest Weekly Podcast February 17th, 2024
This week in the parish of bourses and market structure:
EU Suicide Move,
TMX Goes For Box 2.0?,
As DB1 Cries Subsidise Me,
There's A Terrific Trio Of Results At The Top Of Young's Pyramid
Exchange Invest 2807: DB1 Optimism
DB1 turns optimistic with a new forward guidance.
Exchange Invest 2745: DB1 SimCorp Cleared
With remarkable haste the EC has cleared the DB1 purchase of SimCorp - in August too, egad! Good to see the rumoured ghost corridors of the Berlaymont still have some decision makers during peak European summertime!
Exchange Invest 2719: DB1 Profits Leap
Very good quarter for MSCI with earnings jumping and net income up 10.6% in H1, +17.2% on the quarter but DB1 shows the power of interest rate haircuts.
Exchange Invest 2705: DB1 SimCorp Delay
Probably just technical stuff but DB1 is not yet over the line with the SimCorp acquisition and seeks an extension from mid-July to August 3rd.
Exchange Invest 2696: New DB1 CEO in 2024
Entirely as expected Theodor Weimer having been building an elegant portfolio of NED roles is intending to retire as DB1 CEO when his contract ends next year.
Exchange Invest 2617: MEMX Options Round
SEC seeks to reduce its preponderance of paper as it crawls a little closer to the digital age while LME Nickel contracts are in dire need of modernisation according to a broad range of commodity companies as battery demand reshapes the market.
Exchange Invest 2616: Swiss Imbalance
If you don’t know UBS acquired Credit Suisse last weekend (faster than the CS PR dept could say “merger of equals, oh wait a moment…”) then I envy your clearly commodious sub rock abode.
Exchange Invest 2614: B3 All In On Vermiculus
Lots happening today with the 10% Vermiculus stake sale to B3’s venture arm alongside EEX adding another modest asset to its expanding portfolio. Lots happening in China as LME get hit with a minor warrant issue in Nickel and much more...
Exchange Invest 2600: Refinitiv Deal Working?
The question today is not so much how aligned Coinbase may be but rather is there going to be an attempt to take down Binance given it continues to attract the ‘FUD-4!’ folk amongst even the US political establishment?
Exchange Invest 2581: Euroclear’s Record Year
SBF did however have a setback with no relaxation of his bail contract provisions: U.S. Judge Rejects Bail Proposal For FTX Founder Bankman-Fried (Reuters)
Exchange Invest Festive Edition 2542: Career Paths
Earlier in the year we noted out Magnificent 7 and Oceans 11 respectively, reflecting the achievements and Social Media influence of leading exchange bosses: Magnificent 7 Oceans 11
Exchange Invest Weekend Edition 2499: Rotten Money, Hot Commodities
Diverse tales: Money Is Rotting…from hairstylist to crypto millionaire trader, Twitter, Metaverse, Lithium, Li Qiang, Bitcoin Mining…
Exchange Invest 2498: Euronext Confirm Italo-Centric CCP
Some excellent results including a 4th consecutive beat from 4 in the past year by ICE while admittedly Coinbase improved but still lost eye popping amounts of money.