SEC US

Mar
23

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.
12 min read
Jan
06

Exchange Invest 2552: LME Gay Gone

Shock as LME Chairman Gay Huey-Evans departs in the Nickel nightmare aftermath.
9 min read
Dec
16

Exchange Invest 2534: SEC Attacks PFOF

As the tabloids make mischief suggesting SBF’s Mom has been ringing the jail to get strict vegan food sent to Inmate 14372, I had some splendid correspondence from commodity expert Ann Berg who noted the origins of Effective Altruism in Jeremy Bentham's Utilitarian movement.
9 min read
Dec
14

Exchange Invest 2532: Bad Day for Inmate 14372

Arresting SBF on the eve of his testimony to Maxine Waters’ Committee was either a work of genius (ridding SBF of a major stage) or dumb (ridding SBF of a chance to incriminate himself under oath) or a total conspiracy to cover up his crimes...
14 min read
Dec
13

Exchange Invest 2531: Cloud Pro Quo LSEG MS

SBF’s Mom clearly didn’t realise she could star in her own morality play and get well ahead of the effective altruism curve.
13 min read
Dec
06

Exchange Invest 2525: Bybit Hacks Workforce

…Having reached the point where we are speculating on the plans of an emerita Professor as the most exciting development of the FTX/SBF affair, I will deploy a Caroline Pham “see it, say it” to call this one “Yawn.”
5 min read
Nov
25

Exchange Invest 2516: Tadawul Buys Vendor

PLY: Single branch bank where deposits soared after Alameda bought it and was chaired by the man who co-created Inspector Gadget. #Everydaycrypto.
10 min read
Nov
22

Exchange Invest 2513: Bitarnage - Contagion Tuesday

Tragic death of NZX board stalwart, still pumped at the AELP linking African exchanges even if the dollar store Afro one dominates the headlines as we reckon he is getting his mid-life crisis in early.
13 min read
Nov
08

Exchange Invest 2501: Bitcarnage Continues

FTX claims everything is cushty - in which case why is their PR so lousy at getting ahead of the crisis?
7 min read
Jul
28

Exchange Invest 2414: July 28, 2022

CME beat investor expectations but as usual, their IR is so lousy we had to dig around to discern this…
8 min read
Mar
29

Exchange Invest 2312: March 29, 2022

DB1 have bought Luxembourg based fund data manager Kneip as Coinbase eyes up a Brazilian expansion and Gary Gensler oversees an SEC tweaking of registration rules for those deemed market makers.
6 min read
Jun
07

Exchange Invest 2069: Cyprus Privatisation on Track

Cyprus SE privatization on track as Euronext unbundles an Oslo Bors component.
7 min read
May
12

Exchange Invest 2048: OZ Threatens Chess Nationalisation

A remarkable footnote in the Australian budget pushes for the enforced nationalisation of Australian market infrastructure if the operators fail - cue an argument over which smoothed average of failure is preferred I suppose.
9 min read
May
06

Exchange Invest 2043: Open Access Finally Dies

It was never clear how the inevitable would occur (that was “the inevitable” if you were listening to PLY and a few select others for the past decade and more) but the impractical “open access” rules died in the UK yesterday. The EU will hesitate to follow suit..
10 min read
May
05

Exchange Invest 2042: CME Closes More Pits

PLY: Almost but not quite a full scale farewell to the floor. CME deserves plaudits digging into electronic trading history as the only legacy exchange to ever organise coherent efforts to help floor traders make the transition, almost 20 years ago now.
7 min read