Exchange Invest Weekend Special 9th Anniversary Edition: 14th 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 1929, the N.Y.S.E. opened a new bond room, adding 6,000 feet to the trading floor.

In BigWorld

From Exchange Invest 2348: 12th, May 2022: Thursday

UK PM BoJo is in Scandinavia this week where he is signing pacts with Sweden and Finland to provide a form of ‘bridging security’ as Putin’s pugilism has backfired and finally brought those nations closer than ever to the NATO fold. (See also Why the new Anglo-Swedish pact matters | The Spectator). It’s a very interesting situation. In essence, the EU Mutual Defence Clause is not viewed as worth the hot air surrounding its signature. I won’t trumpet it as a success for “Global Britain” per se but who knows we might yet see another outbreak of government in the UK soon. However, this is a damning indictment of the EU which is a tragedy for a moribund Europe in the face of not merely Putin’s militaristic hubris but also its ongoing failures in other domains. Nobody can feel good about the EU’s self-inflicted drift into irrelevance, even if it was highly predictable.

The Campaign for an Independent Britain offered the article this week It’s now confirmed — the UK dodged a bullet by leaving the EU — and amid the ludicrous spectacle of the EUroParl indulging in interpretive dancing while Ukraine burned, the optics were no better than the vastly out of touch Imperial bureaucracy in Brussels.



Season 11: Episode 5, IPO-VID Livestream 065

IPO-VID Guest: Jonathan Bloch

Tuesday, May 17th: 1800 UK, 1900 CET, 1300 EST

“Jonathan Bloch: 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:





Season 11: Episode 4, IPO-VID Livestream 064

IPO-VID Guest: Thomas McMahon

Tuesday, May 10th: 1800 UK, 1900 CET, 1300 EST

“Thomas McMahon: Energising New Markets”

Tom McMahon is the Co-founder and CEO of Aircarbon Exchange. Tom is an exchange architect with extensive experience across the gamut of energy, as a director of NYMEX and more recently a welter of Asian initiatives.

From helping launch WTI to Henry Hub and NY Harbor Gasoline, LNG and more recently moving into renewables with Air Carbon Exchange, Tom maintains a fascinating portfolio of interests in Singapore across ETD, OTC, CCP, often, nowadays with Blockchain technology as part of the mix.

Watch the Stream on:





Episode 47: “Capital Markets: From Brussels With Love”

IPO-VID Episode 047: I was joined by FESE Deputy Director-General, EU Affairs & Capital Markets Expert, Rosa Armesto.

Listen to their interesting discussion “Capital Markets: From Brussels With Love” via the usual podcast sources:

Anchor Spotify Google Podcasts Apple Podcast


Terrific numbers from ICE as their laser-like execution focus delivers to the bottom line once again while they also buy Data Corporation Black Knight.

The Exchange Invest Weekly Podcast 143

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.

Parish Notes

It’s Our Birthday… 2350 Issues Young!

Fast forward 9 years and here we are celebrating another little milestone in the Exchange Invest story. It has been quite an exciting journey throughout and we got here without even touching a cent of government subsidy during Covid.

It’s over a decade since I occupied my first exchange CEO position and thought just how remote things were. It wasn’t just being situated in Sibiu, Transylvania, an elegant cultural capital in central Romania. Rather it was the newsflow which mattered. I could discern what was happening in London or New York pretty well from afar but the news from even a border or two across South-Eastern Europe fell into an information chasm.

Amusingly when I got back from Sibiu, the notion of Exchange Invest was universally deemed a mad idea by the original beta testers. One by one they came round to the idea that there was a lot they were missing and packaging it with some pithy perspective in one daily newsletter was an ideal way to keep informed of the bourse business.

The original daily newsletter is now 6 issues per week and the weekly podcast reviewing the major exchange news stories has reached episode 143. During the pandemic, we launched the IPO-VID LiveStream to maintain a new thread of communication across ‘the parish’ and we have now enjoyed lively discussions with over 60 guests across the world, broadcasting from the USA, UK, the Caribbean and various parts of Europe. If you haven’t done so please subscribe to our Youtube/IPO-VID.

So with year 9 complete as issue 2350 goes to pixel this weekend, we’re looking at a ‘big figure’ change next year, having invested in our largest team yet and looking forward to more pithy analysis of the bourse world to come.

Thank you to all our sponsors and subscribers — we’re proud of keeping ahead of the developments in the world of exchanges and look forward to expanding our reach as we enter the 10th year of Exchange Invest.

The best bit remains the core reason why I launched Exchange Invest in the first place — helping promote understanding of the digital world’s most vital business model. Within that realm, Exchange Invest is “the Exchange of Information.”

It’s the age of the exchange, what are you doing to profit from it?

(If you aren’t subscribed to “The Exchange Of Information” then DM me for a free trial. If you’re trying to reach the decision makers of bourses worldwide, why not consider becoming a sponsor?).

Macro Thoughts

Why Hong Kong Needs A New Debate On The Dollar Peg

South China Morning Post

PLY; See also Friday’s story Hong Kong Spends $722 Million to Defend Currency Peg (Wall Street Journal)

Of Interest

As always, a microcompendium of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!

A New Biography Of Bill Gross Comes At The Perfect Time For The Bond Market


We Weathered The Pandemic, But London Must Be Ready For The Trials Of The Future

City A.M.

PLY: The City of London needs a reboot. The remoaner laden City council was badly misplaced in the Brexit debate and looked distinctly lead-footed where it failed to see Brexit as inevitable (to put it politely). This was exemplified by the disastrous period in office for policy chief Catherine “Fail & Fail” McGuinness who has now been replaced by former Sheriff of the City of London Chris Hayward who makes some inaugural remarks for his term as the influential City of London Corporation Policy Committee Chairman above.

How Sweden’s Covid Gamble Paid Off: Nation Suffered FEWER Deaths In Pandemic Than Majority Of Europe

Daily Mail Online

The Truth About Britain’s Covid Deaths


PLY: I retired the Covid column a fortnight ago and with good reason. Civilisation is nearly upon us again as I can readily attest from recent travels and it is clear the Swedes got it right where everybody else in their haste to become North Korea got it horribly wrong, making barely, if any statistical difference to Covid cases while plunging every aspect of civilisation into cold storage and applying a wrecking ball to the economy at the whims of a scientific establishment which was given way too much power by the political pygmies. (…and by the self-same scientific experts plied us with frequently incorrect information such as the dangers of surface-based transmission, still not corrected in most official health communications). It’s a pity we will likely never see any repentance amongst those guaranteed their salary during their erroneous lockdowns as that’s the way of the world with such bourgeois elites (sic) nowadays.

PS Can’t resist this amusing tale of positivity in the media — but nothing it seems actually reported in the mainstream: Vanity Or Hypocrisy Journalism? WHCA Dinner Becoming A Superspreader.

Is An Unknown, Extraordinarily Ancient Civilisation Buried Under Eastern Turkey?

The Spectator

PLY: Absolutely fascinating, this week’s must-read article.

Madhya Pradesh: Two Sisters Get Married To Each Other’s Grooms In Major Power Cut Disaster In Ujjain

The Financial Express

PLY: Another argument for solar power?

Last Word

Catch up Monday for Exchange Invest 2351. The future continues in the water cooler for the bourse business…

…but first, we’re going to stop for a little birthday cake!





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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