074 Exchange Invest Weekly Podcast Dec 5th 2020

This week in the parish of bourses and market structure:  If I say the ongoing drip, drip, drip, drip, drip of media criticism of ASX as a monopoly is akin to Chinese water torture, is that tantamount to cultural appropriation? Rumors abound of children, writing to Santa, seeking a cowboy outfit, being offered ASX, that continues to haunt Australia, which seems eager to cement its status as a third world financial center. From the Tokyo bloodbath to the deal of the week S&P Global IHS Markit: Is it a panacea or a complex big data can kicking?  My name is Patrick L. Young. Welcome to a diverse issue of the bourse business, weekly digest: It's the Exchange Invest Weekly Podcast.  Good day, ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the weekend market structure and what a week it has been veritably, an EPIC! You missed an enormous number of stories, which could all be found during the course of the past week in Exchange Invest daily subscriber newsletter. - The unique guide to the bourse business sent daily to your inbox. More details at exchangeinvest.com.  Hong Kong exchanges, London metals exchange finds they're going to freeze trading fees for 2021 "In light of market conditions and the global pandemic, no change is proposed to the LME Group trading and clearing fees."  They stated earlier this week. At the same time earlier this week, China was making notable strides into the international copper market. Does anybody consider there's an element of causation / correlation to the LME’s announcement?  Elsewhere Europe's finance sector has apparently hit peak uncertainty over Brexit...Strikes me there. Isn't a lot of uncertainty. The European Union is desperate to try and close the door on UK financing of their marketplace, which is going to destroy the Euro. However, anyway, there is a degree of uncertainty and we have a plethora of newspapers with stories being populated by articles constructed by AI robots. I think it's fair to say that such definitively artificial and well, maybe not quite yet. So intelligent objects write the PR quotations for a league of unimaginative boors, which are then processed without creativity within the bowels of legacy media ...officers. And then of course, I read this gem lurking at the bottom of the Financial Times article after they'd quoted speak your weight machines, AI bots, or possibly CEOs of other entities within the market structure parish and the banking industry. So the quote read “The reason we've invested in the UK for so long is that it's the center of global markets and the UK regulators have a deep understanding of the importance of frictionless access to them. There's an opportunity for the UK to stand up and focus back on what made their market successful. Namely principles based regulation.”  Take a bow, Ben Jackson, President of the Intercontinental Exchange. It just demonstrates that ICE management are alive. kicking and looking to the future. Good grief. They're even seeking opportunity while the competition at best resembles those plumbers who on quadruple time of a Sunday night in the middle of winter, suck in their lips and  make noises as the contents of your central heating boiler is effortlessly easing the wallpaper off its ve...