Latest / Exchange Invest / 330 Exchange Invest Weekly Podcast January 31st, 2026
Transcript
- 0:00Speaker A: This week in the parish of Bourses and Market Structure, Riyadh Open IBKR throws down the results gauntlet myax sells again as MCX Soares and a tale of two exchanges shows the contrasts between ciboe and SGX My name is Patrick L. Young. Welcome to the Boris Business Weekly Digest. It's the Exchange Invest weekly podcast, episode 330 Foreign. Good day ladies and gentlemen. This is a very brief reduction of highlights amongst the key headlines for 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 details@exchangeinvest.com over in BitCarnage, Hellenic Binance that's the thing after all those years being not being in places like Malta or France, where Indeed France flagged 90 unlicensed crypto companies ahead of the Mika cutoff, including Binance and more jurisdiction. Still, in the end, it's ultimately Athens for Binance's MICA ambition. If you enjoyed this excerpt, you may be interested to know you can read Bitcornage every day and Exchange Invest. Alternatively, if you want to follow Bitcornage, the daily update on happenings in the world of crypto and digital assets, you can find Bitcornage as a standalone on Substack. Over in the mainstream world of exchanges, it's official a massive influx of institutional capital is now welcome in Riyadh from across the world, Tadawal is moving fast in Saudi Arabia, pushing to be primus inter pares amongst the Middle Eastern exchanges. At the same time, Hong Kong Exchange's CEO is a bullion as IPOs keep growing while the LSEG is reduced to sorry videos and JSC Johannesburg is also amongst the somewhat lost venues trying to regain their listing mojo. Not forgetting Japan which is hoping to lure regional startups at Hong Kong exchanges. Eleven companies raised $4 billion in Hong Kong in the first three weeks of 2026, with hundreds more lining up to list. SGX meanwhile looked somewhat desperate after a decade of CEO Lu Bun, which has achieved nothing. Mega broker IBKR throws down the gauntlet to kick off earnings season with another healthy rise in profits. Can the exchanges match the Petrophy machine? While Schwab continued a good broker quarter, MCX posted another bounce back as the recovery continues post the fiasco over tech upgrades away from Jigna Sha 63 moons. Myax meanwhile completed a second sale of Myax DX, this time to a Robinhood SIG joint venture China is looking to launch LNG futures next month as the veteran CEO of the Mauritius Stock Exchange retires. And meanwhile, Craig Donahue has completely reshaped the management of CIBO with at least one exciting new hire as the Cebo Europe head is the latest senior figure to depart. Back in Hong Kong, the FSTB and the Shanghai Gold Exchange have signed a cooperation agreement to foster high quality development of Hong Kong's gold market that was trailed in last week's Exchange Invest by Hong Kong's Paul Chan.
- 3:25Speaker B: Thanks for listening to Exchange Invest Weekly. We welcome your feedback. You can contact me directly patrickrivativesvision.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 over in Results As.
- 3:45Speaker A: I mentioned earlier, 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 with it and capital markets and market structure. For the sake of this podcast, let's look at some edited highlights. Fourth quarter 2025 results from Interactive Brokers were cracking three months. Total revenues at $1.64 billion was up 18.5%. Net income up 24%. Total net revenues over the 12 month period up 20%. Well 19.67% if you want to be pedantic and 12 month net income up 28%. Having said that, even MCX went one further. The Indian Multi Commodity Exchange Q3 results for financial year 2026 in the Indian calendar saw profits zooming 150% as the recovery from the previous technological upheaval shambles when they were upgrading away from 63 moon system caused profits to sag for so many quarters. Good results from Schwab also in and of course you can read all of those results in Exchange Invest every day. Drop over to exchangeinvest.com to start your seven day free trial now and join the exchange of information in deal news. One useful deal completed Miami International holdings have completed the sale of MyaxDx once again to a joint venture established by Robinhood Markets in a partnership with Susquehanna International. Of course, you'll famously remember that this platform was essentially the one that was sold to Ledger, sold as LedgerX and then ultimately became part of FTX and then was bought back again by Mayo when FTX disappeared, at which point in time Ladies and gentlemen, let's drop into a sponsored segment courtesy of our supporters at Nasdaq. Welcome to a NASDAQ sponsored segment. Investor appetite for Asia is rising, but post trade friction is holding markets back. In the new NASDAQ and value exchange study, 25% of participants plan to grow exposure, yet 46% face artificial trading limits. The biggest pain point corporate actions, 60% report high error rates and 39% of platforms are still legacy. The fix is clear harmonized rules, standardized workflows, modernized technology in order to unlock efficiencies and settlement and corporate actions for exchange leaders ready to scale Download Creating Asia's Post Trade Operating Model of tomorrow Bitly that's bit ly bitly apac dash post trade that's apac dash post trade all one wordtly Meanwhile, if you fancy some financial insights with moving pictures, check out our livestream Tuesdays five o' clock London time, midday New York time. It's the IPO video live show Cat's the Back episodes on LinkedIn and YouTube via IPO vid. Now online is IPO vid number 199 making markets in play with Troy K and the COO and President of Inplay Markets. Our Finance Book of the Week that's from a forthcoming guest of IPO Vid the Great Disruption with Srividya Jandiala. The Great Disruption is discussing how geopolitics is changing companies, managers and work. It explores how geopolitical shifts, including the rise of China, the US China tech competition and regional conflicts, affect corporates and their entire ecosystem. Our next Book of the Week will be unveiled Saturday in the EI Weekend Edition. And don't forget, if you want all the news on the Boris business sent daily to your inbox. Once again, join us at Exchange invest via exchangeinvest.com it's only $499 per annum to join the exchange of information Product News the LSEG has been seeking to promote its relevance as a capital market through a rather average video a bond with Britain and its capital markets over in China. Apparently they're going to be offering LNG futures as soon as perhaps next month AKA March, while also China is opening up nickel and lithium futures to foreign investors. NASDAQ are proposing a $5 million market value for continued listing requirement on their exchange and Spimex in St. Petersburg in Russia are planning to launch trading in platinum bullion stx. They have created a proposal for smaller lot sizes for affordable trading, arguably a win for retail investors. But issues remain. According to the Business Times. No less of Singapore over in career paths, Placebo is mourning the passing of former President Ed Joyce, while in Mauritius a massive leadership transition has been announced.
- 8:21Speaker B: First of all.
- 8:22Speaker A: Sunil Benamadu has announced his intention to retire by July 2026 after 25 years as CEO of the Mauritius Stock Exchange. Meanwhile, effective from the 21st of January of this year, the Exchange has appointed a local industry veteran, Tommy Lowe, as the new chairman. Over at ciboe, a lot of major achievements. Nathan Tiefenbraun is out from heading CIBO Europe and the CIBO team is now essentially one of Craig Donoghue's choosing. It's a radical upheaval and the most impressive appointment by far is the excellent Scott Johnson, who helped CME vault its technology forward at the turn of the century. To hear who else is joining and moving alongside Scott Johnston. All the information was in this week's Exchange Invest, and that leaves us at Big World One regime which is doubtless.
- 9:09Speaker B: Nervous but hoping its worries may be.
- 9:10Speaker A: Abating in a Post Maduro, Venezuela is Guyana, where the recent discovery of vast oil and gas resources prompted Venezuela to rediscover some territorial claims. Post Maduro, one would presume Guyana is better positioned to profit from its newly discovered energy reserves. And on that mysterious and magnificent note, thank you for listening to this EI weekly podcast number 330. Join us daily via exchangeinvest.com or if you have a new exchange you would like built or get in touch My name is Patrick L. Young and I wish you all a great week in life and markets.
- 9:58Speaker 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 program, 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.