Exchange Invest 2289: March 02, 2022
FESE DG issues powerful endorsement of open markets as Mifir review threatens to upend investment without coherent benefit and maintaining the power of nebulous dark venues while Caixin looks at Chinese HFT…
Uber Regulation: A Lack of Common Foresight
The real problem with the Uber versus black cab argument is that those drawn into the frontline are missing the future while taking sides in the present which is rapidly becoming an anachronism.
LCH.Clearnet - A Footnote of Vital Importance
LCH.Clearnet, as was the outcome of the original LCH.Clearnet tie up…
The Beauty of Capital Market Union
I have to admit before the process even begins - and I sincerely wish this were not to be the case but I am already an avowed CMU cynic.
Technology On The Edge
In the incumbent world of financial technology, we have a series of massive 500lb gorillas, all of whom have a frankly worrying preponderance of legacy stuff that sits behind the colourful lipstick fronting this somewhat more porcine back ends.
NLX: The Last Flap?
Was the NLX management merely deficient in understanding how derivatives markets work or did they really believe they could:
Football’s FIFA Farce: “Sepp-ticemia” & Finance
After recent police raids, FIFA is suffering from a fundamental internal bleeding, a total disorder of the corpus, in fact. Call it Sepp-ticemia if you must...
Did Duncan Do Due Diligence?
Are we supposed to conclude that Duncan “the Value Destroyer” Niederauer was too busy with NYSE Euronext to follow the ‘news’ in September 2013...
The GIFT Horse?
FMC-Sebi merger needs to be handed carefully to ensure domain knowledge is not lost. Equally, future appointments to Sebi need to be very much above board and based on meritocracy
NLX Seeking Partners?
... the end of a one way street unable to reverse methinks
India: What Will Modi Do?
Hopes are that the old maxim of a “Hindu rate of growth’ may yet be entirely expunged from the Indian lexicon by the leader of the Hindu Nationalist party itself.
The Dark Side of EMIR Regulation
Wails of anguish are emerging that perhaps some national regulators might be trying to eke out a protectionist advantage for their national bourses.
Barnier Suffers A Set-Back
I rather applaud Barnier for pushing the matter to a vote as it is democratic and transparent, despite many EPP members apparently disagreeing with such tenets.
Rome Wasn’t Burnt in A Day
The SEF revolution is coming, it will be enormous and the opportunities are vast.