5 days agoExchange Invest 2392 Weekend Edition: From Commonwealth Expansion, to CCPIt’s been a fascinating week in the exchange parish while we hit our 150th weekly podcast and there’s a classic ICE House episode that is a must listen too! Multiple macro ponderings give you a lot of room to consider the big picture as always… Exchange Invest is a unique…7 min read
Jun 24Exchange Invest 2385 Weekend Edition: The Yield Curve Awakes!Exchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure. Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. …5 min read
Jun 17Exchange Invest Weekend: 18th JuneExchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure. Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. …8 min read
Jun 14Exchange CEO Pay: “The Ocean’s 11”I discussed “The Magnificent 7” of top earners amongst the world of exchanges / market structure, all with salaries above $10 million last week. …4 min read
Jun 10Exchange Invest Weekend: 11th JuneExchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure. Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. …8 min read
Jun 9Otto Nägeli — An AppreciationEven when it’s inevitable, the act of paying tribute is no easier. We have endured a somewhat torrid quarter in the parish with the deaths of Brian Taylor, Chris Prior-Willeard and now, alas, Otto Naegeli. Otto retired from the parish last June when he was already fighting cancer. Then a…3 min read
Jun 72021 Exchange CEO SalariesVarious data points made a virtual ‘thwunk’ in our in-boxes the other day which struck us as a base for some discussion on exchange CEO pay. Let’s start with a base statistic: The S&P 500 median CEO salary (according to AP/Equilar) rose 17% to $14.5 million last year. So let’s…3 min read
Jun 3Exchange Invest Weekend: 4th JuneExchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure. Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. Monday through Friday our daily…5 min read
May 27Exchange Invest Weekend: 28th MayExchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure. Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. …8 min read
May 24ICE Cost of Borrowing 2020–2022An Interest Rate Comparison Here’s a simple comparison which illustrates the end of the funny money era of QE and how interest rates have already had a major lurch up from their previous region of zero to, even negative, levels. Taking a blue chip borrower from the parish of exchanges…3 min read