Exchange Invest Weekend: 21st May
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 1720, the earliest known “blind pool” appeared, as the London Daily Post advertised a prospectus offering stock in a “Proposal for raising the sum of Six Million sterling to carry on a design of more general advantage…and of more certain profit…than any undertaking yet set on foot.” There was no record of whether the investors who bought this pig in a poke ever earned any money, but we can safely assume that the “general advantage” and “certain profit” went to the promoters, not to the public.
From Exchange Invest 2351: 16th, May 2022: Monday
From Exchange Invest 2352: 17th, May 2022: Tuesday
Worrying fact from Sri Lanka 1
- there is only one day’s fuel left in the country according to government sources.
Worrying fact 2
- that was yesterday.
…I could even add an ‘it begins…’ to maximize the suspense but it hardly seems necessary?
NEXT WEEK TUESDAY
Season 11: Episode 6, IPO-VID Livestream 066
IPO-VID Guest: Keith Todd
Tuesday, May 24th: 800 UK, 1900 CET, 1300 EST
“Delivering SaaS Through TT”
Software-as-a-Service is integral to Keith Todd’s DNA. Roughly half of his 40-year career has focused on SaaS, spanning global technology businesses from publicly listed and large multinational companies to start-ups.
As TT’s CEO, Keith oversees day-to-day operations, driving the firm’s global growth strategy and execution.
Prior to TT, Keith served as CEO and remains Executive Chairman of KRM22. He was Executive Chairman and CEO of FFastFill, a global derivatives SaaS provider acquired by ION Group, as well as Executive Chairman of ION Agency Trading.
His career also includes leadership positions with Marconi Defense Group and ICL plc, among others. He was also Chairman of the UK Broadband Stakeholder Group.
Keith was awarded the CBE (Commander of the Order of the British Empire) by the Queen of England for his services to the telecommunications industry. He is a fellow of the Chartered Institute of Management Accountants (FCMA).
Watch the Stream on:
Season 11: Episode 5, IPO-VID Livestream 065
IPO-VID Guest: Jonathan Bloch
Tuesday, May 17th: 1800 UK, 1900 CET, 1300 EST
“Disrupting Exchange Data Internationally”
Jonathan Bloch is a seasoned businessman with 40 years of experience in information provision.
In 1994 he founded Exchange Data International (EDI) a London based financial data provider. EDI now has over 400 clients across three continents and is based in the UK, USA, India and Morocco employing 500 people.
Jonathan has two law degrees and as part of his LLM at the London School of Economics he studied “Monopolies, Competition and the Law.” He is probably the only data vendor with this speciality under his belt and this has given EDI the confidence to be a disruptive force in the industry.
Watch the Stream on:
AFM: 23rd Annual Conference
Keynote address by Patrick L. Young
Date: June 8th
Place: Danubius Hotel Regents Park
I am delighted to be back as Keynote at the AFM conference (third time lucky I think!) in London during June.
I am not attending IDX but will be at this event which concentrates on emerging futures markets and is usually a great day… if you are at IDX or based in London I recommend signing up to attend as it gives a great flavour of emerging market activity and for once you can do so without tricky travels to wildly foreign parts — well unless you think Lord’s cricket ground deserves its own sovereign territory!
I hope to see you at the AFM conference next month in London, I’m looking forward to some post Covid pith cum opportunity pointers in my keynote.
IPO-VID LIVESTREAM PODCAST
Episode 48: “A New Code for Market Structure”
IPO-VID Episode 048: I was joined by Vermiculus Financial Technology CEO, Taraneh Derayati.
Listen to our fascinating discussion “A New Code for Market Structure” via the usual podcast sources:
EI WEEKLY PODCAST
EI Weekly Podcast 144
LME pushes for a better metals market with less OTC opacity and ICE has new buyers for its Euroclear stake while UK antitrust investigates the LSE’s acquisition of Quantile.
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.
Without drastic changes to the underpinnings of their financial and economic systems, not only may the Asian Century never materialise, but underlying imbalances could also precipitate social and economic turmoil.
PLY: Fascinating OpEd piece by former HKEX staffer turned author (Financial Cold War: A View Of Sino-US Relations From The Financial Markets) James Fok.
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!
The American Prospect
PLY: A brilliant innovation from the wondrous Icelandic people, an opportunity to “outhorse” your email while on holiday with some quality nags trained in corporate buzzwords who can take care of digital communications while you enjoy a break…
Catch up Monday for Exchange Invest 2357…
The future continues in the water cooler for the bourse business…