Human Progress & Free Money: EI Weekend 3080
Anti avocado militias, free money consequences, devalued music, censoring free speech and crime’s Eton.
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 Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
On this day in 2005, it was reported that General Electric had agreed to pay $100 million for a 7% stake in China’s Shenzhen Development Bank.
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MACRO THOUGHTS
IPO-VID LIVESTREAM: NEXT TUESDAY!
“Prometheum: Blockchains, Markets and The Future of Finance”
Guest: Aaron Kaplan
October 1st, 2024
1700 UK, 1800 CET, 1200 EST
Watch the stream on:
LinkedIn | Youtube | Facebook
Aaron Kaplan is the co-CEO of Prometheum Inc. Its affiliate, Prometheum ATS, offers a blockchain-enabled ecosystem for trading digital assets. Another affiliate, Prometheum Capital, engages in clearance, settlement and custody of digital assets. Kaplan previously served as Counsel at Gusrae Kaplan Nusbaum.
IN BIGWORLD
From Exchange Invest 3072: September 19th:
I mentioned the megafail by Britain’s new Labour incompetent spendthrift government handing a 16% pay rise to train drivers for no change in working practices.
How archaic are the union rules for Britain’s railways? Well here’s one very simple sip of an answer: If a manager even so much as says a cheery “Hello” to a worker on a tea break, the worker is entitled to restart his entire tea break.
Needless to say automation process was not discussed either by the Labour idiocracy when kowtowing to the unions — who as you may recall promptly announced more strikes in the wake of their pay rise.
PLY: Market Movers On Fintech TV
Catch me on Market Movers On Fintech TV every Monday at 0920 AM for the latest insights in finance, technology, impact investing, and market trends. Fintech TV is on the web and also in a multitude of airports across the USA and other channels.
EXCHANGE INVEST WEEKLY PODCAST
MGEX Name Dies,
New Tick Regime In The USA,
BYMA Buys Nasdaq IT,
There’s a Mer-Zinger In The Conversational Universe At The CFTC,
And We’re Wondering Is AIM Just A Tax Dodge?
The Exchange Invest Weekly Podcast 264
BITCARNAGE
Targeting SEC
Gosh, this is tedious. The blamestorm of an increasingly frustrated crypto industry is turning — obsessing — on SEC. Of course, that shows one thing we got absolutely right a year and more ago…which was that the “we’re all leaving the USA” argument is just not going anywhere — just like the people who have not moved to Yurrop or other parts as they (tediously) threatened. So, the problem is wider than just the US SEC for crypto. However, the crypto lens sees the problem as being regulation. This is identifying the correct question BUT it is the WRONG answer. The problem is indeed regulation — the difficult part is the crypto folks don’t want to actually be regulated. Or rather, they want a whole new regime because they perceive themselves as incredibly “special” but they are realistically just another development in the long arc of history of markets…
Thus the scapegoating and indeed — at worst…unforgivably worst — the hate mongering against the SEC and particularly Chairman Gensler demonstrates the underlying failure of the crypto business to promote broad trust in their product.
If you enjoyed this excerpt you may be interested to know that you can read Bitcarnage every day in Exchange Invest.
Alternatively, if you want to follow Bitcarnage — the daily update on happenings in the world of crypto and digital assets, then you can find Bitcarnage as a standalone on Substack.
IPO-VID LIVESTREAM: NOW ONLINE!
“Finding Value In the New Space Economy”
Guest: Dr. Armen Papazian
September 24th, 2024
1700 UK, 1800 CET, 1200 EST
Watch the stream on:
LinkedIn | Youtube | Facebook
Director and co-founder of the Space Value Foundation, Dr. Armen V. Papazian is a financial economist and author of two ground-breaking books on sustainable finance, The Space Value of Money and Hardwiring Sustainability into Financial Mathematics.
Armen is a former investment banker, stock exchange executive, lecturer, and consultant.
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!
How Music Lost Its Value
Fast Company
Books worth reading:
FINANCE BOOK OF THE WEEK
“Liar’s Poker” by Michael Lewis is a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, a hilarious insider’s account of an unprecedented era of greed, gluttony, and outrageous fortune.
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $375 per annum to join “The Exchange of Information.
CAPITAL MARKET REVOLUTION
First published in 1999, “Capital Market Revolution!” offered a clear, concise roadmap for navigating the financial revolution fueled by technology. And 25 years later, as the world of fintech continues to evolve, the core principles laid out in the book remain surprisingly sharp
This new edition was produced to celebrate PLY ringing the NYSE Closing Bell July 5th, 2024. There are several new sections of PLY pith to add 10,000 more words of context and the original book which is remarkably prescient and elegantly dated all at once! It’s only $9.99 on Kindle, a fraction of the original price in 1999 to encourage revolutionaries with any budget!
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
AFM & Exberry: Fintech Revolution And Disruption
“All exchange operators require three vital functions to ensure an orderly market which is customer-cenric in the contemporary age:
Technology
Technology
Technology”
-“The Exchange Manifesto”, Official 10th Anniversary Publication of the Association of Futures Market*
*by PLY, who else?
Earlier this week, I had the pleasure to compere a live discussion “Fintech Revolution And Disruption” on behalf of AFM, with Exberry co-founder and CEO Guy Melamed, former AFM chairman Pat Kenny and current AFM Chairman Chris Sturgess.
If you missed this event, you can still watch it here.
A great chance to catch up with several past IPO-VID guests:
Guy Melamed (IPO-VID 076: Exberry: Building Cloud Based Exchanges, with Magnus Almqvist).
Pat Kenny (IPO-VID 107: AFM 25 Years On with Paul Constantinou).
Chris Sturgess (IPO-VID 109: AFM, Africa & Commodities).
Ultimately AFM remains my favourite exchange industry association melding relationships with a unique network which is leveraged with IT as Pat, Chris and Guy all noted.
There’s still time to register, here for a tech-centric day in markets:
Where: W Marriott Hotel Amsterdam
When: October 9th, 2024
IPO-VID LIVESTREAM PODCAST
Join us for a fascinating conversation with Study of Cycles CEO, the “Doctor of Uncertainty” as he explores the mysterious forces that shape our world.
Discover the power of cycles & gain valuable insights into predicting future trends.
🎧 Now available from multiple different podcast sources:
LAST WORD
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