[00:00:00] Speaker A: This week, in the parish of bourses and market structure, Uzec's ETD Nasdaq Institute launches alongside the SpaceX IPO predicting what exactly? And there's a brace of hypocrisy My name is Patrick L. Young. Welcome to the Boris Business Weekly Digest. It's the Exchange Invest weekly podcast, episode 350.
[00:00:32] Speaker B: Foreign.
[00:00:43] Speaker A: 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 Daily subscriber newsletter, the unique guide to the Boris business and daily to your inbox. More
[email protected] over in BitCarnage tiers but not total losses as major crypto exchanges were forced to cancel SpaceX allocations, promising refunds but drawing an inelegant line under what has long been our concern, there are huge counterparty problems in just offering tokenized stocks willy nilly. If you enjoyed this excerpt, you may be interested to know you can read Bitcarnage every day and Exchange Invest. Alternatively, if you want to follow Bitcarnage, the daily update on happenings in the world of crypto and digital assets, you can find Bitcoinage as a standalone on Substack.
Top stories this week in the world of exchanges long discussed but now confirmed. Uzax, the Uzbekistan exchange is working to launch its futures market.
Early partners include, amongst others, a leading Asian futures broker. Meanwhile NASDAQ have launched their Economic institute, creating a dedicated platform for original research on the most critical issues shaping the financial ecosystem. That was in the same week they smoothly launched SpaceX, the world's largest ever IPO listing as the CME also announced launch of Nasdaq CME Crypto Index futures putting yet more of the crypto futures market centrally traded off chain.
There are new proposed CFTC rules for prediction markets, albeit the prediction markets themselves have not been overly coherent in and around the US in truly writing simple product specs. More on that in the Exchange Invest Daily Bulletin. Of course you can subscribe
[email protected] catch a seven day free subscription. In a double dose of hypocrisy, the ASX has admitted it misled the market about the CHESS upgrade and gets a $20 million Australian traffic violation. While Germany, equally in the center of hypocrisy, undermines the ESMA regulatory centralization push on market structure with a simply pathetic move even given their base history of protectious nonsense, which calls it a clear question whether EU solidarity truly exists.
DB1 proclaims itself a minor local entity, which must surprise even the most Frankfurt Centric management at Eurex in Eschborn or Clearstream in Luxembourg.
Meanwhile, NSE IPO is advancing in India and in Canada. TMX have acquired a hefty wage of assets under management to add to their indexing business.
[00:03:26] Speaker B: Thanks for listening to Exchange Invest Weekly. We welcome your feedback. You can contact me directly Patrick Derivatives vision.com with any comments. Meanwhile, if you enjoyed this show we would welcome you giving us a thumbs up. Or if you have time, a positive review will always be welcome wherever you find this podcast Ultra Exchanges fan jewel
[00:03:48] Speaker A: owner flutter their delisting from the London Stock Exchange. Now they're comfortably listed in New York, a FTSE 100, a former member moving away from the UK's hemorrhaging stock exchange, an arm of that paralyzed data enterprise, the lsegg, the Philippine Stock Exchange. They're joining CDP as the first stock exchange capital market signatory to that particular carbon initiative.
No results this week, but a new market. Several new venues, the Zimbabwe Stock Exchange have got the nod to establish a small business exchange. The CSE is aiming to launch the country's first commodity exchange this year in Chittagong and Profitex. Having started originally in the uk, they're now US based with CFTC approval to operate America's first first federally regulated sports native exchange. As I mentioned at the top of the show, deals were exciting this week. The NSE IPO in India is looking set to advance draft papers, likely probably by the time you've been listening to this podcast and TMX Group have announced an acquisition. They're buying Rafi Indices from Research Affiliates. That gives TMX the opportunity to launch its index platform centered upon Vetify, giving Vetify assets under management a lift from around $81 billion to $263 billion.
Don't forget we still have seven day a week publishing that's been a recent addition to Exchange Invest. We are Sunday supplement is now available on a Sunday's giving us a full 7 day week platform Monday through Fridays paying subscribers only. That's the insider of the Boris business. And over the weekend some rather elegant macro reads, including a great expose into beer this week. Don't forget you can also catch the back numbers of our Livestream podcast. They are available on IPO videos live show channel. Catch the Becca episodes on LinkedIn and YouTube via searching IPO Vid. Our book of the week in the beer theme is Ale Beer and Brewsters. In England, women's Work in a Changing World by Judith M. Bennett Asking how, when and why brewing ceased to be women's work and instead became a job predominantly for men.
Product News Lots happening. The AI IPO boom is coming in the wake of the successful listing of SpaceX OpenAI amongst others. Perplexity coming next year and also the good folks Anthropic all looking to list in the course of the next year. The CME they've expanded to 24. 7 trading for very very small retail focus WTI crude oil and gold contracts not quite perpetual futures but cut down retail centric cash settled entities which will trade all day and all night seven days a week. Liquidity squeezes of a Sunday afternoon coming anybody in technology ICE have launched AI powered fixed income pre trade analytics for buy side investors. Nasdaq Verifin have announced the expansion of their agenda GI Workforce Transforming how Financial institutions fight Financial crime and courtesy of a link in this week's Exchange Invest, there was an excellent guide to prediction market technology from the leaders in supplying third party technology to prediction markets across the USA. Connemara EP3 0 shock from the NASDAQ Annual meeting of shareholders returning all the candidates Adena Friedman as Chair of the Board with various elected board members including former TMX CEO Thomas Kloet. Hester Pearce has been buying out of the SEC during the course of this month and Cryptomum is heading for the exit with some valedictory remarks at the U.S. chamber of Commerce Capital Markets Summit this week. Over in Big World no UK government of multiple political persuasions has managed to balance the books in 25 years. The UK government is spending more than 100 billion pounds, that's 130 plus billion dollars on servicing debt. That's more than the UK currently spends on education or defense.
And on that mysterious and magnificent note, thank you for listening to this EI weekly podcast number 350. Join us daily vixchangeinvest.com or if you any exchange you like built, get in touch. My name is Patrick Elliot. I'm going to wish you a great week in Life and markets.
[00:08:12] Speaker B: This show relates to the business of bourses. It is not to be construed as investment advice nor are we making any investment recommendations.
Please consult an investment advisor before you make any investments. And for goodness sake do your due diligence and do not make investments without complying with the regulations in your home state.
Exchange Invest cannot be held responsible for any investment decisions made as a result of our programme, which is for entertainment purposes only.
The material herein is copyright Patrick L. Young at the date of publication, while our music and sound effects are sourced from copyright free sources. Thanks for listening to Exchange Invest Weekly. The exchange of information.
