Exchange Invest Weekend: 22nd 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 2021, Japanese carmaker Nissan confirmed that it would maintain its operations in Britain in the wake of the post-Brexit trade deal with the EU.

In BigWorld

From Exchange Invest 2253: 19th, January 2022: Wednesday

Much is being made of Ireland’s cricketing triumph over the West Indies this week. The sporting scribblers proclaim so many ‘firsts” their reports read like a crypto exchange press release.

However this event — while wonderful, historic and a welcome demonstration that at least one team from the British Isles knows how to win a game — is not without precedent (a fact missed by the sporting media). After all, on July 2nd 1969 at Sion Mills, the Ireland team demolished the West Indies, bowling the entire team out for 25 runs.

“At the time, LD Roberts, a correspondent of Jamaica’s Gleaner, noted that the West Indies flag was flying upside down in the ground. “Half-mast might have been more appropriate,” he wrote.” (Ireland beat West Indies after bowling them out for 25 | Cricket Country).

IPO-VID LIVESTREAM

NEXT WEEK TUESDAY

Season 9: Episode 4 — IPO-VID Livestream 052

IPOVID Guest: Fredrik Ekström

Co-hosted by: Steve Zwick

Tuesday, January 25th: 1800 UK, 1900 CET, 1300 EST

“Puro Carbon — Nasdaq Transforming Emissions”

Fredrik Ekstrom is President of Nasdaq Stockholm and Head of European Fixed Income and ESG.

Ekström joined the OM Group in 1999 and has held various leading roles rising to President of Nasdaq Clearing and Head of Nasdaq Nordic Fixed Income Exchange. Ekström holds a degree in Economics from Uppsala University.

Ekström sits on the board of the Helsinki and Icelandic Exchange and is Chairman of the Board for Puro.earth. He is also a member Board of Trustees of SNS, Sweden’s premier venue for fact-based public debate.

Watch the Stream on:

Facebook

LinkedIn

YouTube

NOW ONLINE!

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:

Facebook

LinkedIn

YouTube

EI WEEKLY PODCAST 128

COIN buys an exchange licence.

In product news, it’s time for MAGA

…and in London: LSE is going private.

The Exchange Invest Weekly Podcast 128

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.

Available worldwide.

Macro Thoughts

What Financial Markets Are Telling Biden About Geopolitics

Foreign Policy

Parish Notes

Valererum PLC Name Change

Valereum PLC

Please note New web site is Valereum.gi

New Twitter Handle is @ValereumPLC

PLY: We marked six months since I joined Valereum PLC as Executive Director on Friday 21st January

Behind the scenes it has been a fabulously hectic whirlwind of activity. Some of our developments are already in the public domain, with news of our acquisition of Juno Trust coming last month. Most excitingly, we’re working to close the deal exercising our majority stake in Gibraltar Stock Exchange (80% option: RNS).

Life as a nanocap penny stock listed on Aquis is fascinating as part of the journey to a greater capital market status and that means a lot of travel to come to achieve our trajectory. After 180 days, we can see our plans shaping up and while I can’t offer more guidance, let’s just say a 36 pence stock strikes me as a long way off where we expect that to be next year, in every sense.

COVID-19

“The balance of power between humans and a virus is shifting. Better armed against a lesser enemy, our species no longer need to hide in a bunker waiting for a viral wave to pass. That means it’s time for our Covid response to change.”

Bloomberg Opinion

Covid Zero in China Is a Fantasy. It’s Now All About ‘Dynamic Clearing.’ — Shuli Ren

Meanwhile in Covid-land: There is a simple reality to grasp. The “war” is coming to an end. The difficulty now is getting some accountability into the realpolitik. (Pick a polity, any polity, they have all been hugely deficient, apart from the honourable mention of Sweden which uniquely tried to maintain sanity and civilisation…and saw fewer excess deaths than many other states).

Anyway, I have often noted that if government projections for Covid had been private sector delivered, all parties would have been unceremoniously fired.

The Spectator has an excellent team of data crunchers and having finally got source material that the UK govt has not previously published, the truth is writ large. Lockdown was based on utter ineptitude, total hysteria and crass stupidity. That’s not to say folks would not have died but the mess we are left with including a massive hangover of untreated ailments, let alone mental health and rampaging government debt is a damning indictment of the failure of the state.

Even when the modellers essentially invented a somewhat ludicrous 50% confidence interval, this too was miles more pessimistic than reality.

It transpires the UK statistical machine (was any other nation less worse?) has in this case been spouting utter piffle throughout the crisis.* Here is a succinct and damning indictment of the incompetence of the blob: Sage scenarios vs actual: an update | The Spectator.

Covid is now essentially endemic. It has run almost precisely a full 24-month cycle as EI has steadfastly maintained where others were quite wrong and all too often hysterical. We have been awaiting this for nearly 2 years: a variant that spreads rapidly but kills few as is happening now. That marks the key moment the pandemic becomes endemic and we can all get on with life.

Let’s apply the conclusion I noted yesterday about Brexit and that 100K exodus of jobs from the City “but the nonsense of the nuclear sized meltdown have been proven palpably false. Let’s move on…”

*Which BTW has been their track record in all previous crisis modelling by various of their number for decades. In this case past performance remains indicative of ongoing failure.

Brexit: Done

(Also from Bigworld this week, we’re Brexit moving on…)

PLY: Square Mile defies downbeat post-Brexit worker exodus forecasts runs the City A.M. headline as a study finally puts to rest the nonsense that was the remoaner central argument about the death of the City of London and 100K jobs disappearing due to Brexit.

The City of London is hiring — which incidentally puts it at odds with New York which saw a contraction in financial workers through redundancy in Q4 2021.

In any case, as with so many statistics produced by a certain type of worrywart in first world countries, the mass of woeful predictions was indeed woeful: in their accuracy.

The ‘sunny uplands’ of Brexit are still to be achieved — and let’s face it Britain needs a government to be able to do that — but the nonsense of the nuclear sized meltdown have been proven palpably false. Let’s move on…

Of Interest

As always, a review of interesting reading to provoke thoughts and consideration…

‘No Investment Can Yield 50% Returns Within 10 Days’

GhanaWeb

Don’t do business with Tizaa Ghana Fund, SEC warns investors.

North Korea Has Hacked $1.7 Billion Worth Of Cryptocurrency From Exchanges, Considers It A Long-Term Investment

Bankless Times

Young Investors Make Financial Influence Through Social Media

YouTube

Can You Live In London For 24hrs Using Only Bitcoin?

Yahoo News NZ

In Kenya, Virtual Auctions And Social Media Are The New Online Galleries

CNN

3 Reasons It’s Not Too Late To Buy Land In The Metaverse

Nasdaq

According to data from Nonfungible.com, a third-party marketplace where $692.11 million of metaverse real estate was bought and sold in 2021.

Swiss Crypto Banks Attract Mega-Bucks From Investors

Menafn

What Meccano Taught Me

Spectator

“Elsewhere in England this weekend, grimly sweating middle-aged men were planning Operation Save Big Dog, Operation Red Meat and Operation Decommission Shopping Trolley. In our house, though, the only game in town for grimly sweating middle-aged men was Operation Racing Car. My son Jonah had received his Covid-postponed eighth birthday present from his cousins and it was — retro! — a Meccano set.

‘Dad, can you help me build it?’ he asked, heteropatriarchonormatively.

… Where he could, he did the job of tightening the bolts once the screw/nut connection was safely secured. He shared my small triumphs and expanded his vocabulary as he witnessed my many setbacks.”

Last Word

Catch up Monday for Exchange Invest 2257…

the future continues in the water cooler for the bourse business…

-Patrick

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Entrepreneur, Investor, Author. #Exchanges #Fintech #Startups #Motorsport Emerging Markets. CoFounder @Exchange_Invest @HanzaTrade @MissionToRun @YMarkets

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Patrick L Young

Patrick L Young

Entrepreneur, Investor, Author. #Exchanges #Fintech #Startups #Motorsport Emerging Markets. CoFounder @Exchange_Invest @HanzaTrade @MissionToRun @YMarkets

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