EPISODE · Mar 18, 2022 · 20 MIN
136 Exchange Invest Weekly Podcast March 19th, 2022
from Exchange Invest · host Patrick L Young
Transcript This week in the parish of bourses and market structure: CBOE prepares global management, FTX pushes real-time clearing, NSE plans a Bullion Exchange and SovMEX is the soubriquet for LME. My name is Patrick L. Young. Welcome to the bourse business weekly digest. It’s the Exchange Invest Weekly Podcast Episode 136. Good day ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the week in market structure. All the analysis of the many events and happenings can be found in Exchange Invest’s daily subscriber newsletter, the unique guide to the bourse business sent daily to your inbox. More details at ExchangeInvest.com. Over in India, a court has slammed the CBI (that’s the equivalent of the FBI in India) for their tardy progress in the National Stock Exchange of India holy hoaks probe nonetheless. Anand Subramanian and Chitra Ramkrishna are in custody, I doubt there any connecting cells and Indian prisons? Meanwhile, CBI Judge Sanjeev Aggarwal of Rouse Avenue Court hearing the National Stock Exchange (NSE) a colo scam case took an adverse view of the matter asking “who will invest in India with scams like this?”. Bravo judge Aggarwal, we say the problem remains that NSEL is a festering mess, let alone the holy hoax at one-time poster child of Indian bourses, the entirely unrelated NSE. Meanwhile, outgoing NSE MD and CEO Vikram Limaye was at pains to urge an IPO aimed at offering liquidity to shareholders and not for raising money for capital requirements still coming for NSE coming soon. There’s a bit of a crackdown on ‘Stock Tips’ as well on social media, SEBI conducted a series of search operations and arrested a vast multitude of people who’ve been passing stock trips through WhatsApp, Telegram and the like. Meanwhile, the Nickel market oscillation at the London Metals Exchange has been much discussed throughout the media in the course of the last week, it can be surmised in one sentence: “When markets are open, not everybody is happy but when markets are forcibly closed or cancelled, absolutely nobody is happy.” Such as the tale of Nickel where the man we haven’t heard of until last week, running the company nobody knew about in a city nobody remembers hearing of has managed to upend the entire market and possibly take the reputation of a major global exchange with it. Moreover, the Chinese company in question doesn’t seem to even produce the right quality of raw nickel to deliver? (Did I follow that correctly? I fear so). Nevertheless, a spot of toy pram exit manoeuvring has been taking place as it seems, some hedge funds at least have been pondering their options to ensure they get their own way even when what occurred was a...
What this episode covers
Transcript This week in the parish of bourses and market structure: CBOE prepares global management, FTX pushes real-time clearing, NSE plans a Bullion Exchange and SovMEX is the soubriquet for LME. My name is Patrick L. Young. Welcome to the bourse business weekly digest. It’s the Exchange Invest Weekly Podcast Episode 136. Good day ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the week in market structure. All the analysis of the many events and happenings can be found in Exchange Invest’s daily subscriber newsletter, the unique guide to the bourse business sent daily to your inbox. More details at ExchangeInvest.com. Over in India, a court has slammed the CBI (that’s the equivalent of the FBI in India) for their tardy progress in the National Stock Exchange of India holy hoaks probe nonetheless. Anand Subramanian and Chitra Ramkrishna are in custody, I doubt there any connecting cells and Indian prisons? Meanwhile, CBI Judge Sanjeev Aggarwal of Rouse Avenue Court hearing the National Stock Exchange (NSE) a colo scam case took an adverse view of the matter asking “who will invest in India with scams like this?”. Bravo judge Aggarwal, we say the problem remains that NSEL is a festering mess, let alone the holy hoax at one-time poster child of Indian bourses, the entirely unrelated NSE. Meanwhile, outgoing NSE MD and CEO Vikram Limaye was at pains to urge an IPO aimed at offering liquidity to shareholders and not for raising money for capital requirements still coming for NSE coming soon. There’s a bit of a crackdown on ‘Stock Tips’ as well on social media, SEBI conducted a series of search operations and arrested a vast multitude of people who’ve been passing stock trips through WhatsApp, Telegram and the like. Meanwhile, the Nickel market oscillation at the London Metals Exchange has been much discussed throughout the media in the course of the last week, it can be surmised in one sentence: “When markets are open, not everybody is happy but when markets are forcibly closed or cancelled, absolutely nobody is happy.” Such as the tale of Nickel where the man we haven’t heard of until last week, running the company nobody knew about in a city nobody remembers hearing of has managed to upend the entire market and possibly take the reputation of a major global exchange with it. Moreover, the Chinese company in question doesn’t seem to even produce the right quality of raw nickel to deliver? (Did I follow that correctly? I fear so). Nevertheless, a spot of toy pram exit manoeuvring has been taking place as it seems, some hedge funds at least have been pondering their options to ensure they get their own way even when what occurred was a...
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136 Exchange Invest Weekly Podcast March 19th, 2022
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