158 Exchange Invest Weekly Podcast August 27th, 2022

   Transcript This week in the parish of bourses and market structure:        Crypto is dead! Long live crypto!  Goes my argument in an Op-Ed for City A.M.  The FDIC issued a blistering cease and desist crypto warning  …and the New York Stock Exchange half a billion dollar tick tweak    My name is Patrick L. Young. Welcome to the bourse business weekly digest. It’s the Exchange Invest Weekly Podcast Episode 158. 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 from 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. A price improvement study as explained by CEO Michael Blaugrund from the NYSE this week on LinkedIn explains that a little tick tweaking here and investors can save a billion dollars or so what’s not to like about the concept of tech harmonization.  The Hong Kong Exchange are going to be diversifying products and pursuing listing reforms in the special administrative region of China. HKEX CEO Nicolas Aguzin was revealing that plan in interviews in the aftermath of the HKEX results. Meanwhile, Stock Connect it’s going to have fewer holidays next year. Thanks to the wonders of the calendar and weekend coincidence, that ought to bring a $110 billion dollar trading boost to Hong Kong exchanges and the pertinent Chinese mainland forces in Shanghai and Shenzen.  The UNCDF (United Nations Capital Development Fund (UNCDF) has signed a Memorandum of Understanding (MoU) to help develop Cambodia’s security sector.  Over in Bangladesh, they’re having problems due to cabinet directives to save electricity in the wake of the current various issues relating to the power supply the world over. The new timing for all stock exchanges in Bangladesh will be from 9:30 am to 1:50 pm,  that started last Wednesday, 24th of August. In results this week, it was a busy week for results in the parish. All the details were in Exchange Invest daily, the newsletter no person can afford to be without in capital markets and market structure. For the sake of this podcast let’s look at some edited highlights. Singapore Exchange Group has posted record revenue, but unfortunately, net profits were only up, fractionally revenues +4% to overall $794.3 million, EBITDA however only creeping +1%.  ASX Limited their revenue was +7.5%, their profits slightly better in improvement terms than the SGX +5.7% and meanwhile NZX they were a bit more flattish, EBITDA +2.8% over the course of the quarter. New markets this week, another busy week for new m...