Latest / Exchange Invest / 309 Exchange Invest Weekly Podcast August 23rd, 2025
Transcript
- 0:00Speaker A: This week in the Parish of Bourses and Market Structure, a Bangla bus stop, Zimbabwe SE is on an IPO roadshow as my ex lists on Nicey. The producer of Conclave is making a movie about the 1929 Wall Street Crash as the Parish hits summer strides. My name is Patrick Kell Young. Welcome to the Borscht Business Weekly Digest. It's the Exchange Invest Weekly podcast, episode 309.
- 0:32Speaker B: Foreign.
- 0:47Speaker 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 sent data to your inbox. More details@exchangeinvest.com over in BitCarnage, a story from the Wall Street Journal worth highlighting about token travails. Want to trade Amazon on a crypto exchange? The price might be off by 300%. A Kevin Lowe post on LinkedIn also notes, Be careful what you wish for. Tokenization brings with it all the woes of the cryptoverse. In essence, crypto tokens introduce so many new forms of risk onto your blockchain. It's like Hirsched out on Crystal Math. If you enjoyed this excerpt, you may be interested to know you can read Bitcarnage every day in 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 Bitcarnage as a standalone on Substack this week in Exchanges. London Metal Exchange They've made progress on their plans for market structure modernization. Some interesting tweaks being reviewed by LME as it seeks to maintain its unique core, but with some additional means to improve the market. Just as competitors are seeking to add metals markets in an LME style all over the world. Meanwhile, NCDEX are inching along from being purely an Indian agricultural bourse. They've got a preliminary nod for equity derivatives from sebi and indeed its planned funding round was announced just the week before. America's stock market dominance is an emergency for Europe, goes another Wall Street Journal headline which is self explanatory.
- 2:21Speaker 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.
- 2:40Speaker A: Meanwhile, in Results it was a busy week for results in the Parish. All the details from the Exchange Invest Daily, the newsletter no person can afford to be without in capital markets and market structure. For the sake of this podcast, let's look at some edited highlights. Private market first up Mozambique Stock Exchange. They reported 3.3 million euros in profits in 2024. Pretty spectacular. Down 26% year on year, but still impressive for a market with only 16,1 6 listings. If only things were that impressive over at ASX. What a dismal set of results. Operating revenue up 7%. EBIT up 7% and in the least you can do. Camp CEO Helen Lofthouse has given up her bonus voluntarily, but hangs on like grim death to the significant salary sinecure she doesn't deserve for overseeing the ongoing collapse of asx. From one time world leader at the turn of the century to 2025's bigger bourse laughing stock. Another set of net results remind us that monopoly milking is not a sound approach to delivering corporate or shareholder value. Lalofta still makes 2.4 million Australian dollars worthwhile foregoing her Audrey000 bonus. How much is Australian dollars? 2.4 million in USD too much for this level of disaster over new markets Interesting times. Vietnam. They're pumping up volume on their proposed international Financial center. They have also proposed six types of commodity exchanges at said International financial Center. Meg from Vietnam Albeit given how long it took to upgrade the trading system at Ho Chi Minh Stock Exchange, which just launched a new platform after years of delay, it's a bit of a struggle to see just how rapidly this can all come to market. With aspirations for the following six platforms have nonetheless been identified. Commodity and quantity derivatives Carbon credits Cultural art products Rare and precious metals Green financial products. It's an ambitious program also proposed as a specialist new digital trading platform that will be a sandbox for innovative models such as tokenized commodities and decentralized platforms over in deals. A busy week for deals in the Parish. Again, all the details were in Exchange. Invest Daily, the newsletter no person can afford to be without in capital markets and market structure. For the sake of this podcast, let's look at a few edited highlights. Zimbabwe Stock Exchange they're pushing their roadshow to attract foreign investors as their IPO is upcoming. But nonetheless, they were shaded this week with the spectacular initial public offering on the New York Stock Exchange of Miami International exchanges, which soared no less than 40% during the first couple of days after they raised $345 million. As Tom Gallagher, the MIAX supremo and indeed the man behind the entire process, said at the IPO celebration in the NIC boardroom on Thursday, Aug. 14. This building has been the backdrop for some of the most important chapters in the United States history, and it's truly an honor to stand here as MIAX becomes part of that story. The $2.5 billion valuation after the IPO is a strong debut and it means that the company has gone from startup to 14th largest derivative exchange in the world in just over a decade. The stock Air Force sits at somewhere solidly in Tier two of Young's Perimeter Exchanges, Somebody who's not going to be going public soon. The cse, the Chittagong Stock Exchange have been seeking Bangladesh SEC approval to offload 35% of shares and list on the Dhaka Exchange. The application has been spectacularly rejected. I simply cannot make up the number of things that were deemed to be wrong by the Bangladeshi regulator, leaving us to wonder just what on earth Chittagong do when they're running a stock exchange in the first place if this is how they approach their overall listing document. Meanwhile, it's summertime break, but we will have IPO vids returning soon in early September for the time being. Don't forget you can catch all the back issues of IPO Vid on LinkedIn, Facebook and YouTube. Just go in and search IPO Vid. Our finance Book of the Week is the Complete Book of Option Spreads and Combinations, a website strategies for Income generation, Directional moves and Risk Reduction by Scott Nations. A handy reference guide for using option spreads and other common sense options strategies. In technology news this week, Broadridge Partners are partnering with the TFAL heads at BMLL to bring advanced pre trade analytics to global trading participants. Hardly surprising Broadridge are partnering with bmll, the firm with that stunning lake of data. More progress for the constant delivery machine that is BML Technologies under CEO Paul Humphrey. Career Paths this week the Ghana Commodity Exchange Board was inaugurated. A fascinating board including MPs and other members. Glitterati one might say. Ghanai financial markets and corporate society. The board will be led by Chairman Nanaboadi Amponim Obadade III and the Chief Executive officer will be Ms. Evelyn Abaca. Good luck to all concerned. As mentioned previously in Big World, an old IPLY Latin teacher used to refer to projects which were clearly dubious but delivered with a certain panache as worthy of his remarking words to the effect of what a ghastly affair. But I have a sneaking regard for anyone who has the temerity to do this. His words sprang to mind when I read of the address of Harshvard Jain who created an entire fake embassy in his Ghajabad Northern Indian rental property. Said compound included a series of stylish delimous, all with fake diplomatic number plates. From said office, Jane offered assistance with documents and jobs in what the media call fake nations, but are specifically self proclaimed micronations, including West Arctica, Seborga, Pulvia and Ludonia, all of which he apparently represented as a consul. If you don't believe in the micronations themselves, or that they even exist, you should check out last week's Exchange Invest we weekend special edition devoted to micronations. You can get that and you can read all about it free on the Exchange Invest website. You can sign up for the weekend newsletter for free as well via exchangeinvest.com and I have to say, as a final footnote, as it's summertime, in an effort to improve sleep quality, the Japanese government have appointed two famous Pokemon characters, Pikachu and Snorlax, as sleep support ambassadors. And on that mysterious and magnificent note, thank you for listening to this ExchangeWest weekly podcast number 309. Join us daily via exchangeinvest.com or if you have a new exchange you'd like.
- 8:46Speaker B: Built, get in touch My name is.
- 8:47Speaker A: Patrick Ell Young and I wish you a great week in life and markets.
- 9:06Speaker 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.