150 Exchange Invest Weekly Podcast July 2nd, 2022

Transcript:     This week in the parish of bourses and market structure:        Shanghai leads in IPOs Binance bending to regulation? SETL Sold  FTX denies RobinHood talks NASDAQ announces another SaaS Sale as their 18th Technology of the Future Conference gets under way in New York City…  My name is Patrick L. Young. Welcome to the bourse business weekly digest. It’s the Exchange Invest Weekly Podcast Episode 150. 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 during the course of the past seven days 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. On the external links to the show notes, I must say I enjoyed a very productive time at the 23rd AFM Conference in London recently. It’s a fascinating location opposite the hallowed Lord’s Cricket Ground while the conference was illuminating throughout the whole event and is available to watch on YouTube. You can get that by googling the YouTube AFM 23rd Annual Conference and spoiler alert my keynote was the first thing on the agenda in the morning so not much need to scroll through. Leading our news this week, the Shanghai Stock Exchange is the world’s number one IPO venue and indeed Shanghai and Shenzhen stock exchanges are leading the global chart for financing scale in the first half of 2022 as well, according to research from Deloitte. The London Metals Exchange: they’ve named the consultants Oliver Wyman to conduct an independent review of the nickel nightmare chaos recently. Meanwhile, a win for the Minneapolis Grain Exchange (MGEX) they’re going to be providing clearing as a service to the intelligent medicine exchange. We highlighted that new market just the other week, which is advised by amongst others, the excellent former CME Group CEO Phupinder Gill. The Qatar Stock Exchange: they’re planning to launch short selling and therefore increase their listings and liquidity while over in the USA, the US Congressional Committee has released findings from their 18-month probe into the wild market swings of January 2021. As you may recall, that was the “meme stock” market frenzy. Despite the report coming from Maxine Waters, who is in my humble opinion, pretty anti-market alongside Congressman Al Green – with him I’m not so clearly au fait in terms of his politics per se – although he is a Democrat, there are nonetheless a fair few worrying questions raised by this report as the FT headline put it: Report Questions Robinhood’s Depiction of Liquidity During The ‘Meme Stock’ Frenzy. Meanwhile, of course, splatting Robinhood