Exchange Invest Weekend, 19th June
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.
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On this day in 1995 AIM (formerly the Alternative Investment Market), a sub-market of the London Stock Exchange was launched as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980.
Big World
From Exchange Invest 2076 Tuesday, June 15th:
Perhaps now it can be clear why President Macron is so eagerly trying to tear the sovereign integrity of Britain apart as part of the EU’s vile Ulster Congo approach to Brexit.
A recent opinion poll, commissioned by the Gaullist Le Millénaire think tank has shown that while the failing president is at 33% more popular than his current prime opponent for the Elysee, Marine Le Pen (28%) it seems the most popular politician amongst the French is none other than that denizen of perfidious Albion, Bori Johnson, the British Prime Minister! (It is easy to see why even the French prefer Boris to surly Macron).
Next Week Tuesday — Season Six of IPO-VID
Series 6 Episode 6- IPO-VID Livestream 036
Beyond digital currency into derivatives, financial markets and regulation
Dubbed “CryptoDad” for his celebrated call on Congress to respect a new generation’s interest in cryptocurrency, the Honorable J. Christopher Giancarlo served as 13th Chairman of the United States Commodity Futures Trading Commission.
Considered one of “the most influential individuals in financial regulation” Giancarlo also served as a member of the US Financial Stability Oversight Committee, the President’s Working Group on Financial Markets, and the Executive Board of the International Organization of Securities Commissions.
Giancarlo is Senior Counsel to the international law firm, Willkie Farr & Gallagher. He is also a board director, advisor, and angel investor in numerous technology and financial services companies. In addition, Giancarlo is a co-founder of the Digital Dollar Project, a not-for-profit initiative to advance exploration of a US Central Bank Digital Currency. @GiancarloMKTShat space doesn’t permit…
Watch the LiveStream on:
Now Online
Series 6 Episode 5- IPO-VID Livestream 035
Leading the Crowd
Former Nasdaq Vice Chairman David Weild IV is the “Father of the JOBS Act.” which laid the foundation for crowdfunding and forms of STO.
As a leading advocate for public markets, transparency, and above all access to capital for SMEs through large corporations, David has been at the forefront of the debate on listing in public markets for decades.
Along the way David has priced over 1,000 equity offerings (including early offerings for Blackrock, Celgene, Nvidea, and Chesapeake Energy), working with legendary names such as Steve Jobs (at Pixar and of course, Apple).
David has testified pretty much everywhere from the US Congress and SEC to the G-20, OECD, FESE, and AFE and is so frequently cited by regulators that space doesn’t permit…
Watch the LiveStream on:
EI Weekly Podcast 099
Betfair turns 21, Hong Kong Exchanges turn 21 too and pushes for greater diversity.
The Exchange Invest Weekly Podcast 099
Podcasts This Week
YouTube
HKEX celebrated their 21st birthday as a single group monopoly in the SAR this week. This is an excellent video worth 2 minutes to remind us what the parish does with a touch of cinematic glamour.
SharkPod #69 “How To Get Rich” -Naval Ravikant — Founder — AngelList
Audible
#062 Beyond Finance For The Unbanked
Future Design Podcast
In this episode, I speak with Taynaah Reis, the CEO of Moeda Seeds Bank from Brazil. She not only set out the blockchain-based mobile bank but stepped it up further to provide education for finance and business building.
PLY: Takatoshi Shibayama presents another excellent podcast in his series where “PLY” was previously a guest (Shift in Economic Paradigm — Future Design Podcast #018 with Patrick Young).
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.
Parish Notes
‘Deeply Disturbing’ Toshiba Report Points To Powerful Figures
Bloomberg
Tokyo Stock Exchange Operator Asks Toshiba To Disclose Issues On Shareholder Pressure
Reuters
Tokyo Bourse Parent Urges Toshiba To Disclose Information On Governance
The Japan Times
“Governance improvement at Toshiba has been very inadequate,” Akira Kiyota, the chief executive officer of Japan Exchange Group Inc., the bourse operator, said at a regular press briefing. “It’s damaging Japanese markets in the eyes of foreign investors.”
Macro Thoughts
China’s Stock Tycoon ‘Millionaire Yang’ Passed Away At 71
Global Times
PLY: An interesting point — Chinese capitalism already losing stock pioneers before much of the world has really begun to appreciate the strength of China’s free market growth (with Communist oversight).
Qv:
Animated Chart: 40 Years Of China’s Soaring Exports
Visual Capitalist
COVID-19
Inside A Village Still Untouched By Covid
Hindustan Times
We have a VDP of 25 people that includes five women. We take turns to guard the entry points of the village and also check for violations within.
Brexit: Done
From Reaction.LIFE:
“In response to a written question in the House of Lords on 13 November 2018 Lord Ahmad, on behalf of the Foreign and Commonwealth Office, revealed that, since 1988, the UK had unilaterally withdrawn from 52 international treaties.” (Reaction: Britain must scrap the NI protocol and face down EU imperialism).
“It is time to raise that number to 53.”
Of Interest
How ‘Creative Destruction’ Drives Innovation And Prosperity
FT
PLY: Yes it does and please can Brussels embrace it before it’s too late for the EU? (Other nation states can also have this moniker applied to them too!).
CD Projekt, A Polish Digital Benchmark To Be On The Ropes
Explica
PLY: An amazing tale of a bungled launch plus a massive loss of code through a hack. BTW EA also noted a hack this week — it’s difficult to not suggest nefarious commercial actions in the hacker space trying to forcibly ‘open code’ the private IP of western developers is ongoing.
South China Morning Post
Businessman From Bury Invents Crypto Mining Machines That Can Run On Cow Poo
Crypto cynics will argue this is a whole new cycle of “Garbage In Garbage Out” processing.
China’s Campaign To Control Commodities Goes Into Overdrive
Bloomberg
What Happened When A 3000-Person Village In El Salvador Became “BitcoinBeach”
Slate Magazine
Bukele, however, has been pointing to a small Salvadoran beach town called El Zonte where residents have been using Bitcoin for nearly two years.
Last Word
Catch up Monday for Exchange Invest 2081…
the future continues in the water cooler for the bourse business…
-Patrick
