Exchange Invest Weekend: 29th Jan.

6 min readJan 28, 2022

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 2021, the LSEG Acquisition of Refinitiv successfully completed. Where “successfully completed” means the deal was done. The integration…? #OpenToDebate.

This week I was absolutely saddened to hear of the demise of Derek Tullett who with David Riley in 1971 created the eponymous brokerage which became one of the world’s leading IDBs… In some ways, it is such a shame Derek lived to see the firm’s proud roots upended by the shambolic management of the TP ICAP era although he had long since sold out.

Elsewhere, I read a story from last week of how another WWE starlet had tied up with a cryptocurrency exchange and I just couldn’t decide what might have triggered Bitcoin et al to peak recently…

In BigWorld

From Exchange Invest 2258: 25th, January 2022: Tuesday

As readers will know I have an ingrained disdain for those who represent the vast blob of insufferable incompetence rightly known as “the blob” for billions of taxpayer dollars wasting reasons. To that end, in the midst of threats, there might be a recurrent outbreak of government … I know it will probably amount to a widespread but weaker strain that won’t amount to anything of significance… at least in the UK (the EU-US is a definitive lost cause nexus for some time to come). …Anyway in what amounts to the sort of reason why this Anglo-Irishman retains a proud British streak, is the behaviour of the Lord Agnew whose departure from office as Minister of State for Efficiency and Transformation in the UK Cabinet Office marks the sort of epic moment that is SO innately British as to be quite surreal. Entirely worth a 6-minute watch to see how to craft a speech that is so polite and respectful that the payload is arguably more efficient than the never used in practice (phew!) B-41 bomb.

Anti-Fraud Minister Lord Agnew Resigns At Despatch Box.

Gallery Guido

IPO-VID LIVESTREAM

NEXT WEEK TUESDAY

Season 9: Episode 5 — IPO-VID Livestream 053

IPOVID Guests: Julia Street & Eliza Firby

Tuesday, February 1st: 1800 UK, 1900 CET, 1300 EST

“Two Diverse Tech Musketeers”

Julia Street, the incomparable founder and CEO of Streets Consulting Ltd. Julia was formerly Global Head of MarComms at NYSE Technologies and previously Instinet Europe.

Julia is also a host of DiverCity Podcast series, mentor, MC, speaker and a stand up comic.

Dr Eliza Filby is a writer, speaker and consultant specialising in ‘Generational Intelligence’ helping companies and services understand generational shifts within politics, society and the workplace. Her work has ranged from VICE media to the Royal Household.

Eliza is the author of Fuelling Gender Diversity: Unlocking the Next Generation Workplace & Mind the Gap: Managing a Multi-Generational Workforce in the Post Pandemic Age and recently launched her own podcast, It’s All Relative.

Watch the Stream on:

Facebook

YouTube

NOW ONLINE!

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

YouTube

IPO-VID LIVESTREAM PODCAST

Episode 32: “Towards A Digital Market Profile”

IPO-VID Episode 32: I was joined by the author of “Candlestick Charts” FuturesTechs Clive Lambert discussing “Towards A Digital Market Profile” -enjoy!

Available via all the usual podcast sources:

EI WEEKLY PODCAST 129

Exchange-Traded Derivatives boom again in 2021.

Adena Friedman notes a strong NASDAQ IPO pipeline.

Matt Chamberlain, the LME CEO makes a Crypto Gamble and as a new CEO for the Greek Stock Exchange, while Indian power IEX results rock.

The Exchange Invest Weekly Podcast 129

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

“If only more of the world’s mass media could shift their emphasis from news scoops to didactic features on improving governance and governors for our era’s challenges. Then the need for moral veracity could be placed upon the whole governing system, rather than just thoughtless partygoers — whether boosted or not.”

- Norman Strauss

Adviser to Margaret Thatcher 1976–1982

Twickenham, TW1, UK

Letter: Our Democratic System Needs Continuous Reform — Financial Times

H/T Ann Berg for this glorious quotation

COVID-19

The Catastrophe Of The Covid Models

Spiked

Brexit: Done

“That you can ride the underground at 7pm dressed in a bunny costume and no-one will even flinch, has something to do with hard-working entrepreneurs of all stripes being a cause of celebration, whether they become billionaires, are just running a mom-and-pop shop or, well… crash. These are all facets of the same go-for-it attitude that make a society less suspicious of success and more forgiving of failure — in other words, that rewards risk.

…I am also British precisely because I am an immigrant. Again, Brexit Britain would have you believe that the country became suddenly inhospitable to foreigners. Judging from the gathering at the assembly hall today, many people clearly didn’t read the memo.

Maybe the definite marker of “Global Britain” is not to be sought in unlikely trade deals with far-flung countries but inward instead, in its continued magnetic appeal as a place where a lot of the rest of the world would rather live.”

From: On Becoming A British Citizen

By Leo Labeis (LinkedIn)

H/T John Greenan for this story.