Exchange Invest Weekly Podcast 035

Transcript    This week we reached a little milestone in our daily newsletter of the bourse business: Issue 1700 of Exchange Invest, which coincided with the year Protestant Western Europe adopted the Gregorian calendar, albeit England opted to hold back control until 1752, when it too moved from the Julian to the Gregorian calendar. 1700 feels like quite a milestone for Exchange Invest Daily, our newsletter of the bourse business. If you look at history: 1700 AD left us on the cusp of the early industrial revolution and a great leap forward in all forms of recognizable modernity. EI will endeavor to integrate that historic momentum with our own progress.    And so to the week in bourses, where the headlines include LSE and BME results, the European Banking Federation goes all pro business on Brexit, while TMX falls over, as it seems to be doing once every two years these days, while the London Stock Exchange decries the idea of selling assets so they can do the Refinitiv deal.   Aquis purchase of Nex exchange approved by the FCA. And indeed there's much more including Seth Merin handing over the CEO reins at Liquidnet and NASDAQ appending a great message promoting the parish.   Boca has been cancelled after an apparent delegate outflow as have other parish events. Welcome to the bourse business weekly digest; it's the Exchange Invest Weekly podcast with me Patrick L Young.    And so to results: London Stock Exchange, impressive numbers coming in, in the course of the last week. Indeed, they decried the concept that they were ready to sell assets in order to get the Refinitiv deal across the line, despite a story to the contrary in The Times of London, and indeed Of course, those many bidders circling like sharks in the water such as Deutsche Boerse, and indeed Euronext, if by any chance, European Union antitrust should be able to shake Borsa Milano out of the London Stock Exchange group.    Aquis Exchange: the FCA, the UK regulator have approved their acquisition of the NEX exchange, formerly owned by CME and of course, part of the Michael Spencer NEX Empire. The SME listing bourse and the trading market is now going to be incorporated into the Aquis Group, which gives it a headline European Stock Exchange license, and it's going to be renamed the Aquis Stock Exchange as a group. That's great news for Aquis who are probably pleasantly surprised the FCA didn't take longer to approve the deal which helps further transform Alisdair Haynes fast developing platform.   BME reported the Spanish extend results and net profit of 122.8 million euros in 2019. Meanwhile, the TMX, they've agreed some share buybacks. And for those of you who love the whole concept about, well, investing over the very, very, very long term, and can manage to live, well, essentially longer than the longest humans have managed so far. Interesting news, the four best performing stock markets since 1900. Australia, the US, South Africa and New Zealand.    In terms of new markets, well, at least one demutualised market this week: Nigeria is going to be joining the public company fray as oft trailed in this podcast and indeed the daily pixels of Exchange Invest News. Finally, the Nigerian Stock Exchange via court order is demutualised and is soon going to be listed on its own exchange.   Meanwhile, interesting to see China have launched a registration system for bond sales.    In...