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 2608: S-Bank Hell
Moscow profits jump as the market battles to escape the ravages of Putin’s Ukrainian invasion while over in crypto, it’s another day of Bitcarnage leading to a stressful weekend for many.
Exchange Invest 2606: FTC Still Says No
…Then again it’s spot on when asked of Chairman Behnam who has been discredited by his frat boy cheerleading for SBF / FTX while ‘regulating’ FTX.US all the way to a $116 million client shortfall under his watch.
Exchange Invest 2594: SBF Faces New Rap Sheet
Another day, another slate with 4 new charges against SBF. Plot thickens, noose tightens…
Exchange Invest 2593: Euronext Allfunds Bid
…This is from an organisation which is still unable to convincingly explain how its ‘independent’ US entity was forced to push $400 million through in a single transaction to a fund controlled by the Binance founder and global CEO.
Exchange Invest 2582: Binance Pushing For SRO?
Binance fronting an SRO at first glance struck me as akin to say, Cosa Nostra coordinating a small business convention?
Exchange Invest 2572: ICE Gas Diversion
They haven’t moved the pipes but they have raised the possibility of diverting the market. ICE embraces EU TTF suicide caps in Europe and opens a free market in London.
Exchange Invest 2564: FTX Lazarus?
Can FTX really rise from the dead? Meanwhile Binance is named as a major counterparty to the decapitated by DOJ exchange Bitzlato and lots of legacy exchange news as ICE seeks to revolutionize energy trade paperwork.
Exchange Invest 2558: FCA Says No To LME?
…Perhaps the only interesting point is that SBF not only feels wronged by CZ and John J Ray III but also Sullivan & Cromwell - which leaves him and 4 Senators (EI 2557) on the same side regarding the latter law firm albeit from different perspectives.
Exchange Invest 2556: Nickel Nightmare Report
Oliver Wyman has published their Nickel nightmare report making recommendations for future LME rejuvenation.
Exchange Invest 2552: LME Gay Gone
Shock as LME Chairman Gay Huey-Evans departs in the Nickel nightmare aftermath.
Exchange Invest 2549: Festive Catch Up Special
Today’s Exchange Invest is a festive catch up special - I hope you had a wonderful time while Exchange Invest’s staff were chilling.