Exchange Invest Weekend Edition 2565: J’accuse!
J’accuse! Dollar dominance, dots & dashes, HFT rumours, GS UB40, a long lost robber located & an upcoming series about Kuwait…
The Year of the Rabbit looms, Happy Lunar New Year everyone!
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.
On this day in 2003, Energizer agreed to buy the Shick-Wilkinson Sword razor business for $930 million from Pfizer as it aimed to expand beyond batteries.
IN BIGWORLD
From Exchange Invest 2560: January 16th, Monday:
Very interesting commentary from James A. Fok, formerly of HKEX, author of “Financial Cold War” and IPO-VID 073 guest from the South China Morning Post: How Hong Kong leader’s Middle East tour could herald seismic shift in China-Saudi Arabia relationship.
Albeit on Tuesday (EI 2561) also noted:
China’s Population Fell In 2022 For First Time In 60 Years, Deepening Crisis
South China Morning Post
Mainland China’s overall population fell to 1.4118 billion last year, as the growth rate hit negative 0.6 per thousand people.
PLY: In other words, India has overtaken China as the world’s most populous nation (1.414 billion) . That’s a fairly seismic shift which many had been expecting might be mid decade at the earliest…
AFM-GMEX JOINT WORKSHOP
Less than a week to go before the AFM “Digital Transformation And The Future Of Financial And Commodity Markets” event in cooperation with GMEX in Dubai, UAE, January 26th!
I will give a keynote presentation: “Perspectives on Crypto / DLT in a post FTX world — how exchanges and market participants need to plan for the world post crypto winter” and chair a panel — Hope to see you there!
January 26,2023
Dubai, UAE
Register here
IPO-VID LIVESTREAM
NEXT WEEK TUESDAY
Season 16: Episode 01: IPO-VID Livestream 091
January 10th: 1800 UK, 1900 CET, 1300 EST
“Why The World Needed A Fifth Options Exchange”
Bruce Goldberg CEO & Founder of Goldberg Group, a leading authority on brand positioning / marketing. He was formerly Chief Marketing Officer at ISE.
His award winning “Revolution” branding campaigns helped establish the ISE brand as it grew to become the largest US options market by 2003.
Formerly at CBOE, Bruce’s achievements included branding LEAPS, while previously he was Product Manager of Frito-Lay’s two largest brands, Lays and Doritos where his marketing initiatives drove record growth.
Watch the stream on:
NOW ONLINE!
Season 15: Episode 06: IPO-VID Livestream 090
January 10th: 1800 UK, 1900 CET, 1300 EST
“Developing Commodity Exchanges With Les Male”
Les was most recently CEO of both Dubai Gold & Commodities Exchange (DGCX) and the Dubai Commodities Clearing Corporation (DCCC) — the largest and most diversified derivatives Exchange group in the Middle East.
A leader in the development of Europe’s first gas spot market (the OCM), Les later became Commercial Director at EnMO and then APX-Endex. In 2010 he became the European Managing Director for the Green Exchange, which was acquired by CME where role took on the European gas and Global LNG strategy for Nymex, prior to joining Nasdaq in 2014 where Les was responsible for EU/UK client facing activities on the Global Commodities product suite.
Watch the stream on:
IPO-VID LIVESTREAM PODCAST
In IPO-VID Episode 081: Patrick Young was joined by Torstone Technology COO Mack Gill.
Enjoy this discussion about “Delivering New Parish Tech.”
Available in different podcast sources:
Anchor Spotify
EI WEEKLY PODCAST
Xpansiv completes its acquisition of Evolution Markets
FCA says no to LME
Vale Nick Carew Hunt
As IBKR interest rises
Over in Bitcarnage, it’s curious to report that an asset that is 1/8 bid on the dollar is being perceived as bombed out, but it’s actually a better return than buying Coinbase stock at the high.
The Exchange Invest Weekly Podcast 177
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.
BITCARNAGE
The Hidden History Of The Bahamas, The World’s Top Offshore Cryptocurrency Tax Haven
Foreign Policy
PLY: A Saturday special long read in the Bitcarnage canon — our exclusive coverage of the FTX demise and more during the long, hard winter of cryptocurrency.
MACRO THOUGHTS
By The Numbers: The De-Dollarization Of Global Trade
The Cradle
OF INTEREST
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 Dreyfus Affair Is Not Finished
Unherd
Looking To Ditch Twitter? Morse Code Is Back
Smithsonian Mag
“In 2021, we had the best year we’ve ever had … and I can’t see how the interest in Morse code tails off.”
Yahoo Finance
Goldman Sachs And The Culling Of The Surplus Elites
The Spectator
Bank Worker Who Led Secret Life After $500000 Heist Caught 25 Years Later
Bloomberg
The Exchange | Official Teaser
Netflix Youtube
Yahoo
Inspired by real events, two women set out to pioneer the cutthroat stock market of 1980s Kuwait — and disrupt its corrupt boys club along the way.
LAST WORD
…If you want to stay abreast of the world of exchanges then please Subscribe to our Daily Newsletter — free 30 day trial.
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You can also check out the “Reflections From Young’s Pyramid”, it illustrates the relative value of exchanges around the world.
Or the “ICE Cost of Borrowing 2020–2022” An Interest Rate Comparison, which illustrates the end of the funny money era of QE and how interest rates have already had a major lurch up from their previous region of zero to, even negative, levels.
At the least can you like this article, or leave us a comment, we welcome your feedback.
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Catch up on Monday for Exchange Invest 2566…
The future continues in the water cooler of the bourse business, Monday…
-Patrick
