Exchange Invest Weekend: 15th Jan.
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. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
This weekly edition is a magazine of broader macro topics as well as including our free weekly podcast which reviews the highlights of the week in the world’s market structure.
For a free trial to Exchange Invest Daily, send me a message.
On this day in 2018, a Jakarta stock exchange walkway collapsed which sent a group of more than 30 students gathered on the mezzanine crashing into the lobby. A total of 72 people were hurt and were being treated in three different hospitals in Jakarta, but there had been no fatalities.
In BigWorld
From Exchange Invest 2247: 12th, January 2022: Wednesday
Is 2022 the year of the Chunyun recession?
The world’s biggest annual human migration is looking shaky this year. That’s the 40 day Spring Festival travel rush due to begin this week, running until February 25. However mega lockdowns with zero Covid tolerance have endangered the whole process. If millions, let alone tens of millions choose not to travel that’s a serious chunk of Chinese GDP with ramifications for the world from what amounts to an almost exclusively domestic tradition.
BMLL WEBINAR
In the first of this webinar series, Dr Elliot Banks, Chief Product Officer, BMLL, will look at the market microstructure of European and US Equities and ETFs.
Date: Thursday, 27th January, 2022
Start Time: 10:00 EST / 15:00 GMT / 16:00 CET
IPO-VID LIVESTREAM
NEXT WEEK TUESDAY
Season 9: Episode 3 — IPO-VID Livestream 051
IPOVID Guest: Gordon S. Bennett
Co-hosted by: Steve Zwick
Tuesday, January 18th: 1800 UK, 1900 CET, 1300 EST
“ICE: On The Road To A Global Carbon Price”
Gordon S. Bennett has been MD of Utility Markets at Intercontinental Exchange, Inc. since February 2015. He is a member of the board of ICE Endex and ICE Futures Abu Dhabi and co-chairs the Sustainable Finance Working Group at ICE with responsibility for the sales and business development of the European and Asian natural gas and power, global environmental and global coal portfolios.
Formerly with global energy broker Spectron for 12 years, Gordon worked in a variety of roles rising to CEO. With a degree in chemistry, Gordon is the perfect guest to discuss ICE’s road to a global carbon price…
Watch the Stream on:
Season 9: Episode 2 — IPO-VID Livestream 050
IPOVID Guest: William Pazos
Co-hosted by: Steve Zwick
Tuesday, January 11th: 1800 UK, 1900 CET, 1300 EST
“AirCarbon’s Net Zero Mission”
William Pazos is Co-founder and MD of AirCarbon, a frictionless carbon exchange offering the lowest fees in the industry, helping the world meet Net Zero.
A native speaker of Spanish, Portuguese, and English, William is a Senior Climate Finance and Renewable Energy Expert with a proven track record developing, financing, and managing projects in Asia, Latin America, and Africa.
Watch the Stream on:
IPO-VID LIVESTREAM PODCAST
IPO-VID Episode 30: I was joined by the semi-mythical figure in Maltese law, Max Ganado of Ganado Advocates discussing “Innovating Financial Law Through Blockchain” -enjoy
Available via all the usual podcast sources:
EI WEEKLY PODCAST 127
“Exchange-traded derivatives are not Weapons of Mass Destruction,” says the boss of the National Stock Exchange of India. Tadawul has a 50 IPO pipeline and the CME Group they’re launching 20 year US Treasury bonds.
The Exchange Invest Weekly Podcast 127
Victory Or Death
20 years on from the first fintech bestseller “Capital Market Revolution!”… “Victory Or Death” is a must-read book for anyone interested in the intersection of Blockchain, Cryptocurrency and FinTech as part of the whole future of finance.
Podcasts This Week
Global: ESG Debt & Equity Podcasts: The Evolving Market of Social Bonds
Lexology
Proof Of Decentralization: Liquity On Apple Podcasts
Apple Podcasts
In this episode, Chris Blec is joined by Kolten of Liquity to discuss the stablecoin project in detail and better understand how decentralized it really is.
Macro Thoughts
“The attraction of Boris Johnson to the electorate was that he seemed ‘refreshing’ for a politician, a kind of village idiot waving around a pig’s bladder on a stick but somehow conversant in Latin.
..The defence for Johnson will be that while his day-to-day competence is parlous, he gets the ‘big things’ right — such as Brexit, winning an election and at last ignoring the mentalist shrieking from the medical dementors in Sage (for which we should all be grateful). But it is no longer nearly enough. The sense of entitlement which led him to believe he would be an absolutely super-prime minister now repels the ordinary voter, and for good reason. Once you have removed Boris’s popularity with the electorate, you have removed the entire point to the man — and there is nothing left.
…But all this being said, it was not Boris Johnson who invited 100 civil servants to a nice garden party in 10 Downing Street at the very height of lockdown, free sausage rolls and crisps, bring a bird and a bottle — it was a civil servant…Martin Reynolds, the PM’s principal private secretary, whose background I had entirely accurately guessed before I bothered to look it up: public school followed by Oxbridge.”
- Rod Liddle as the race to write the epitaph of PM Boris Johnson accelerates and the ongoing degree of cynicism about the UK’s “blob” grows apace.
PLY: Liddle goes on to note that on average the UK government staffer is either being paid 7% or 13% more than the average private-sector worker, have better pensions and take more sick days with a greater holiday allowance Yet the deficiencies of the government sector are legion with some 5.7 million spending everybody else’s taxes to their own clear benefit.
Liddle concludes (The sooner Boris is gone the better | The Spectator) “That garden party was the perfect expression of a sector which has lost its grasp on reality.”
COVID-19
I Was Duped By The Covid Lab Leak Deniers
Telegraph
PLY: The questions around the many on the payrolls of governments in the UK, USA and beyond who it appears deliberately have kept the citizens in the dark is quite surreal. Their actions ought to be accountable.
Lord Ridley notes with precision: “That senior scientists saw evidence for theories that they trashed in public has shattered trust in science.”
Sir Jeremy Farrar, director of the Wellcome Trust, US demigod of health Dr Anthony Fauci and Dr Francis Collins of the US National Institutes of Health would surely be disgraced already if they were in the accountable private sector? (Scientists believed Covid leaked from Wuhan lab — but feared debate could hurt ‘international harmony’).
Brexit: Done
France Has The Most To Lose From Britain’s Turn Away From Europe
The Spectator
The EU Is Now A Geopolitical Irrelevance
Telegraph
Brussels has been excluded from the US-Russia talks, and the significant thing is that nobody is surprised.
PLY: A core element of my angle on why Brexit was a sound move. It doesn’t guarantee the UK gets better but it certainly ensures it is less dependent on the Titanic of supranational bodies as it drifts aimlessly in search of a final iceberg.
Of Interest
As always, a review of interesting reading to provoke thoughts and consideration…
Terry Smith Has A Point — And The Rest Of The City Should Listen Too
City A.M.
How Africa’s Prehistoric Geniuses Led A Technological Revolution
Quartz
Wall Street Journal
What You Can Create With A Small Piece Of Land In The Metaverse
Bitcoin News
Grand Theft Auto Maker Buys Farmville Company In $12.7 Billion Deal
TittlePress
Last Word
Catch up Monday for Exchange Invest 2251…
the future continues in the water cooler for the bourse business…
-Patrick
