Agricultural Commodities: EI Weekend 3068
Why we need farmers to why cocoa needs a different process for Ghana. Hot cashews, a US wet winter & Russian shipping.
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 Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
On this day in 1862, in San Francisco, some 3,000 people packed into Platt’s Music Hall at Bush and Montgomery to hear Unitarian minister Starr King (1824–1864) speak on behalf of the Sanitary Commission, a forerunner of the Red Cross. His speech inspired businessmen to raise money and within 5 days $100,000 was raised. In one year California raised some $500,000.
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MACRO THOUGHTS
IPO-VID LIVESTREAM: NEXT TUESDAY!
“The Future of Exchange Matching Engines With Connamara Technologies”
Guests: Maureen Downs
& Jim Downs
September 17th, 2024
1700 UK, 1800 CET, 1200 EST
Watch the stream on:
LinkedIn | Youtube | Facebook
Maureen, co-founder and chair, is a respected capital markets veteran with broad industry experience in derivative financial instruments and financial technology, including leadership roles at brokerages, trading firms, regulatory bodies, and trade associations including Chairing the NFA.
Jim, co-founder and CEO, his vision for Connamara Technologies, Inc. revolves around the EP3 matching engine which encapsulates his extensive knowledge and experience from decades of delivering capital markets software solutions and trading on the floors of CBOE and CBOT.
IN BIGWORLD
From Exchange Invest 3061: September 6th:
A splendid feature of my friend Michael Mainelli’s year as Lord Mayor of the City of London is marked today as he launches the first “Pepys Day” (The City’s First Pepys Day Commemorates A Great Londoner And A Resilient Capital | City AM) in honour of Samuel Pepys, a remarkable diarist who lived in the City and survived the plague and the Great Fire in 1665 and 1666 respectively. September 6th incidentally marks the day the fires were finally extinguished after the great fire spread from Pudding Lane to engulf much of the Old City, leading to the Wren Renaissance recognisable as the Square Mile to this day.
IPO-VID LIVESTREAM PODCAST
Join us as we sit down with Danny Corrigan, the legendary “Mr. Repo” and CEO of London Reporting House, for a deep dive into the complex world of repo markets. With over 35 years of experience and a career spanning continents, Danny shares unparalleled insights into the industry.
🎧 Now available from multiple different podcast sources:
EXCHANGE INVEST WEEKLY PODCAST
Last Typhoon Call?
Kalshi Wins Case But Is Stayed…
It’s Die-Bor As We Bid Bye-bor To Libor,
And DB1’s Chairman Announces His Retirement.
The Exchange Invest Weekly Podcast 262
BITCARNAGE
Global Domination (Again!)
As China Is Urged To Establish Unified Crypto Regulations For Seized Digital Assets (Bitcoin News), it’s a tale of everyday world domination from the co-founder of Open AI via Sam Altman’s retina popping Worldcoin Which Seeks Facebook-Like Scale For Global Reach, CEO Alex Blania Says (The Block).
Lock Out
In a move which will surprise zerobody apart from perhaps the man at the centre of the controversy… It appears even Binance realizes that having their previously incarcerated CEO / co-founder back in any form of influential role is not viable: Binance CEO Says CZ Is Banned From Managing Or Operating The Exchange (Cointelegraph) / CZ Banned From ‘Any Present Or Future Involvement’ In Managing Binance (Decrypt). The difficulty naturally may be trying to keep CZ away from influencing things indirectly given his considerable stake in the firm. I don’t envy this additional tightrope walk by CEO Richard Teng. QV Binance Ban Zhao From Leadership But Influence Remains notes TronWeekly but then again when they state “In a shocking twist, Binance has officially barred its former CEO Changpeng Zhao from taking over the company’s reins in the future.” …It’s a bit of a challenge to understand what they think is the role of the law and how many former incarcerated criminals it is sensible to permit to manage money-related businesses built on trust?
If you enjoyed this excerpt you may be interested to know that 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, then you can find Bitcarnage as a standalone on Substack.
IPO-VID LIVESTREAM: NOW ONLINE!
“SIX: The Swiss Paradigm”
Guest: Bjørn Sibbern
September 10th, 2024
1700 UK, 1800 CET, 1200 EST
Bjørn Sibbern joined the Executive Board of SIX as Global Head of Exchanges in 2024, responsible for the Swiss and Spanish Exchanges, as well as digital exchange SDX.
Bjørn has broad experience managing large teams in the fields of trading, funds, post-trade, listings, IPOs, data, index business, and technology and was EVP & President of European Markets at Nasdaq, leading the Nasdaq markets and exchanges across the Nordic and Baltic regions.
Before joining Nasdaq, Bjørn Sibbern was CEO at E*TRADE Bank Denmark from 2006 to 2008.
Watch the stream on:
LinkedIn | Youtube | Facebook
OF INTEREST
As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!
Books worth reading:
FINANCE BOOK OF THE WEEK
In his book “Adventure Capitalist: The Ultimate Road Trip,” Jim Rogers and his then-fiancée, now wife Paige Parker, shared their “Millennium Adventure” behind his sunburst-yellow, custom-built convertible Mercedes to see the real world from the ground up — the only vantage point from which it can be truly understood — economically, politically, and socially.
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $375 per annum to join “The Exchange of Information.
CAPITAL MARKET REVOLUTION
First published in 1999, “Capital Market Revolution!” offered a clear, concise roadmap for navigating the financial revolution fueled by technology. And 25 years later, as the world of fintech continues to evolve, the core principles laid out in the book remain surprisingly sharp
This new edition was produced to celebrate PLY ringing the NYSE Closing Bell July 5th, 2024. There are several new sections of PLY pith to add 10,000 more words of context and the original book which is remarkably prescient and elegantly dated all at once! It’s only $9.99 on Kindle, a fraction of the original price in 1999 to encourage revolutionaries with any budget!
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
LAST WORD
…If you want to stay abreast of the world of exchanges then please Subscribe to our Daily Newsletter — free 7-day trial.
Or Subscribe to our Weekend Edition — it’s free.
You can also check out the “Reflections From Young’s Pyramid”, it illustrates the relative value of exchanges around the world.
Or the “ICE Cost of Borrowing 2020–2022” An Interest Rate 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.
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