Latest / Exchange Invest / 365 Exchange Invest Weekly Podcast October 3rd, 2026
Transcript
- 0:00Speaker A: This week at the parish of bosses and market structure. Nse ipo 43 pe asx still on the naughty step nse list. Smoothly nicey set is the deal and rmb collateral is all the rage. My name is patrick elliott. Welcome to the bourse business weekly digest. It's the extended best weekly podcast episode365. Foreign. 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 Exchange of our steady subscriber newsletter Unique guide to the Boris Business sent daily to your inbox. More details@exchangeinvest.com over in Bitcornage, the Big Boys Blockchain Club Interesting news that Google and Apple are seeking crypto talent as Big Tech, ice, stablecoin and Tokenization Rails. Where at one time the lack of true engagement from the mecha tech firms was a worry, could things be about to change? If you enjoyed this excerpt, you may be interested to know that you can read Bit Carnage every day on 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 it as a standalone. That's bitcoinage on Substack. This week's headline stories NSE's IPO went forward with top of the range pricing and a little perform listing allowed it to break its 42.9 pe to hit 43 at least briefly. That's almost double the ratio of leading stock exchanges in the usa. At the same time, it struck me as being fairly canny pricing, although publicity was suggesting that it was muted demand and muted aftermarket. The truth was institutions were eager for NSE retail not so much because they couldn't see a short term price uptick. Overall demand was 5.7 times the offer, with institutional buyers bidding 12.7 times their allocated portion. The non institutional investor category, reserved from wealthy individuals was subscribed 6.5 times while the retail investor portion was covered 1.3 times overall. The key point is NSE goes public at almost double the PE of NASDAQ and ICE 42.9 versus 23.6 and 21.9 respectively. ASX Meanwhile, is still on the central bank naughty step, albeit with a noise phased in the verbal diary of the Blob. It reminds us of the uphill struggle CEO Anthony Attia faces to make the alt market structure disaster area a cohesive entity once again. Beyond that hyper waffle, all we can say is may the ATIA era deliver great chance. After a mere generation of waiting, NSE was of course able to slot itself into the publicly listed parish. And at the same time there's a very interesting and exciting MOU from Southeast Asia with set, the Stock Exchange of Thailand and the New York Stock Exchange signing an mou, paving the way for cross border collaboration between Thai and US Capital markets. Another Asian cooperation deal for Asia following the Korean deal just the other week. 3689 Hong Kong is preparing to accept a lot more mainland collateral as the offshore yield curve development gains traction. That is a very, very exciting news indeed for the offshore yield curve trade in due course and as we'll see for also other products subsequently in this discussion. Nyse also tapped blockchain.com to reach crypto investors up to 44 million users in fact with tokenized stocks. A very interesting development to their recent react. Meanwhile, not so much excitement in results this week, but uzzak uzak Their net profit rose 18.6% over $18.7 million in the first half of 2026.
- 4:05Speaker 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
- 4:22Speaker A: find this podcast in new markets. CIX in Canada, they launched the first new Canadian marketplace in a decade. Not such a busy week for deals either. But one key event closing TMX Group closed their $1.1 billion private placement venture offering. Meanwhile, if you fancy some financial insights with moving pictures, check out our live stream to Tuesdays, five o' clock London midday New York time. It's the IPO video live show. Catch back episodes on LinkedIn and YouTube by IPO vid coming soon. October 6th, 2026. You got episode number two one one from Market Ambition to exchange ready technology with our excellent guests Hedurian and Dr. Aaron Ras, the former CEO of NCTEX in India. Our finance book of the week this week is Empire of AI by Karen how after spending the weekend, that's this weekend's Exchange Invest edition. Look forward to those discussing the extraordinary quantities of capital flowing into artificial intelligence. Karen Howe has been taking us behind the numbers. Empire of AI follows the rise of OpenAI and much, much more about the AI economy. Product news this week ASX. They're launching Sophia, a new secured overnight benchmark for Australian interest rates. The CME Group. They're expanding their Crypto derivative suite with a bitcoin cash and Uniswap futures and Hong Kong exchan further to the collateral lines once this week's offer more R and B collateral in Hong Kong they're rolling out more one denominated products starting with gold features next year. In technology, NGX Invest expands the primary market with a WhatsApp subscription channel. Very very cutting move there NEPC. All sorts of problems in Nepal this week it seemed to be a broker data center issue which may have been a hack, may have been a ransomware attack and more. Meanwhile not such a good week either for people PFTs, the stock exchange in Ukraine were on account of technical problems related to Russian attacks on Kiev Stock exchange had closed down September 23rd and September 24th resuming on the 25th. Finally a bit of news from a NASDAQ HSBC of adopt nasdaq's Calypso enhanced exchange traded derivatives platform over in regulation. Well a spot of the zero shock here. The CFTC announcing something we've known about prediction markets since the turn of the century saying prediction markets mentioned contracts present a higher risk of market manipulation. Career path this week at Bursa Malaysia have appointed Ravinder Singh Bakam Singh, the former Maybank technology head as group Tech director. That is of course an appointment being made with former Maybank boss Tan Sri Amir Sham Abdul Aziz now chairing Boursa Malaysia and clearly driving the exchange forward. The US SEC steadiest crypto advocate known as Cryptomom Hester Pierce is departing this week, leaving to teach at the Regent Law School from the SEC on October 2nd. And MCX of India have appointed Nishant Prabhan as chief of Innovation and kmp. Finally, last but not by no means least industry legend Pat Kenny been named a senior advisor for Global engagement with Connemara Technologies. That just leaves us to think about, well, European tax competition claiming another megascalp as the UK's third largest taxpayer departs for Greece. Chris Rokos, who is not actually of Greek extraction, apparently will pay a flat rate tax of €100,000. That's $116,000 as opposed to Rokos's current bill of 330 million pounds. That's 450 million US dollars, which made him the UK's third largest individual taxpayer. UK tax take as a whole is 1.1 trillion pounds. That's 1.5 trillion US dollars thanks to perma spend thrift socialist spending levels which have been rising pretty much ever since Mrs. Thatcher left office two generations ago. And on that mysterious and magnificent note. Thank you for listening to this Exchange Invest weekly podcast number 365. Join us daily by exchangeinvest.com or if you have a new exchange you'd like build, get in touch. My name is Patrick Elyoung and I wish you a great week in Life and Markets.
- 8:47Speaker 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.