Deals Look Unlikely But There 's Value In Exchanges...
February 9, 2009
Financial Times FT.com | www.ft.com
The exchange industry is enduring a post bubble malaise but the prospects for investment remain considerable.
African Exchange Competition Is Emerging Rapidly...
February 9, 2009
Financial Times FT.com | www.ft.com
From a curious amalgam of exchanges which have not made the world sit up and take notice, suddenly Africa is about to be fought over by various new entrants and the only longstanding viable entity, the Johannesburg Stock Exchange
Lessons in Selling Thanksgiving (or Christmas!) to Turkeys
February 6, 2009
Exchanges are already muscling into the unruly over-the-counter market | www.economist.com
Exchanges are indeed trying to get more access to OTC markets but the markets they can realistically take business in are only likely to be the more commoditised ones...
Towards A More Pragmatic Fee Regime
February 6, 2009
Hedge fund fees are being squeezed | www.economist.com
Hedge fund fees overall are probably going down although Funds of Funds and less successful funds will be hurt more than most.
CDS Drink At The Last Chance Saloon!
February 4, 2009
EU pushes for more control of risky trades - International Herald Tribune | www.iht.com
Commissioner McCreevy is clearly signalling a get tough policy in the absence of any genuinely credible industry attempt to reform the CDS business.
February 3, 2009
Future Clearing for Freight Traders | online.wsj.com
Central Counter Party (CCP) Clearing is now a step closer to ubiquity in global freight trading...
Is that Open OTC, Closed CCP or Neither?
February 2, 2009
ICAP says part of group mulling LCH.Clearnet offer | www.iht.com
A consortium deal for LCH.Clearnet threatens the DTCC takeover. Moreover, the purchasers have a fascinating ability to reshape current market infrastructure...and it may not be in the way that government/regulators are hoping to see it reshaped!
It May Look Like Icarus But the Wings Have Not Fallen Off Yet!
February 2, 2009
Swedbank Sees Deeper Economic Contraction, Risk of Deflation in Baltics | www.bloomberg.com
The Baltic economies are facing incredible challenges. However, their size and flexibility cannot be under-estimated.
December 5, 2008
Hedge Fund Manager Hendry Bets on Deflation With U.K. War Loans | www.bloomberg.com
The perpetuals in the UK Gilt market have long been sleepy but have an intriguing habit of coming alive once a generation or thereabouts to provide a wonderful trading opportunity.
The Department Store Versus the One Product Wonder?
December 5, 2008
London Stock Exchange loses trade to rivals | business.timesonline.co.uk
In many respects the market share drop in LSE's usual markets is alarming. At the same time, the beneficial impacts of MiFiD are actually being enjoyed by all exchanges - even those losing market share! However, the key problem for LSE remains its rather narrow product range, never minding its ongoing high cost basis compared to arriviste rivals.
Sovereign and financial crises: Europe and the U.S.
January 18, 2012
How much longer can the Japanese Yen be a "haven currency"?
December 13, 2011
Not all bank tech vendors are equal
December 12, 2011
Eksportfinans downgrade surprises investors
December 5, 2011
Why wasn't Italy's situation spotted earlier? And what's next?
November 22, 2011