153 Exchange Invest Weekly Podcast July 23rd, 2022

Transcript  This week in the parish of bourses and market structure:        The NSE nabs the BSE CEO Binance are not trading stocks  …and the NYSE champions markets.  My name is Patrick L. Young. Welcome to the bourse business weekly digest. It’s the Exchange Invest Weekly Podcast Episode 153. Good day ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the many events and happenings during the past seven days in the world of market structure. All those events 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. ICE have launched their ESG Geo-Analyzer. Crazy name, crazy project. It means you can now analyse property level, climate risks and demographic data.  The LME hope to soon announce that nickel Asian trading will be returning and indeed the LME have also announced an extension to the implementation period for the OTC position reporting and accountability regime, which they introduced in the wake of the Nickel Nightmare 7 weeks more to delay as the LME CEO works on his plans to win back trust following that Nickel Nightmare.  Meanwhile, Bursa Malaysia Derivatives they have inked a strategic partnership MoU with the Shanghai Futures Exchange and the Shanghai International Energy Exchange and meanwhile, there was disappointment that flooding postponed Prime Minister Modi’s visit to GIFT City in Gujarat to launch the Indian INX and the new Gold Exchange. However, things were going from bad to worse during the course of last week for the NSE on many levels. In the Colo case, the CBI have booked SEBI and NSE officials for the latest problem, which was the phone tapping incident which seems to be going on all the way back to 1997 according to reports given by the the ED (Enforcement Directorate) at the Delhi courts. Thus, they extended MD or at least former MD of the NSE Chitra Ramkrishna’s custody by 4 days in order to allow her to be rearrested and also further interrogated in relation to this messy institute.  The happiest news of the week came from the USA, we suspect the New York Stock Exchange they have launched the New York Stock Exchange (NYSE) Institute, Its job championing capital markets and NYSE-listed companies. Great news, the NYSE is helping fill the void where not remotely enough parishioners are making the right noise about the benefit of markets – until recently that was something we only heard from NASDAQ out of NYC and which we never heard from, well, for example, Chicago, while the message is frankly sporadic, out of London and beyond to. Hooray! As Michael Blaugrund and himself an NYSC veteran noted: “There is no greater catalyst for improving the human condition.” That’s absolutely true. Viva financial markets and long live the NYSE Institute.  Results, we’re heading into results season as I record this podcast today, one to report for you is just the brokerage Charles Schwab