Things That Happened Today: EI Weekend 3234
March 29th appears an innocuous day but like any other in the calendar, some fascinating stuff happened. Some highlights…
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 1999, the Korea Stock Exchange (KSE) opened the Inter-Dealer Market for government bonds.
SPONSORED BY:
MACRO THOUGHTS
On this day in 1999, the DJIA closed for the first time above 10,000, at 10,006.78 for the first time in history.
IPO-VID LIVESTREAM: NEXT TUESDAY!
“Advancing NSX Australia”
Guest: Max Cunningham
April 1st, 2025
1700 UK, 1800 CET, 1200 EST
Successful former ASX listings boss Max Cunningham is now heading Australia’s second market, the National Stock Exchange. With experience across London, New York and Sydney, Max has worked for Macquarie, Goldman Sachs and ASX where he exited on a high with a record number of 217 new listing in 2022 as ASX set an all time high number of 2317 listed companies. Max joined NSX as CEO in 2024 to develop an alternative listings market for micro-caps.
Tune in on:
LinkedIn | Youtube | Facebook
IN BIGWORLD
From Exchange Invest 3226: March 20th:
Having had a front row seat of sorts in Romania a decade ago, I came away wondering if the nation was truly a feudal state and not a democracy.
Anyway, nationalist candidate Calin Georgescu who clearly led the field after the first round of Presidential voting last December, has now been banned from standing in the reconstituted election after the original first round results were cancelled, essentially at Brussels’ behest because the candidate didn’t agree with the EU.
100K+ people hit the streets last Sunday alone after the anti-democratic diktat was announced. Nobody wishes to stoke violence but the EU is sewing its own demise with gusto now. Prior to the ban, Georgescu was expected to take 40–45% of the first round vote giving him an enormous likelihood of being elected in a second round.
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 (Fintech.TV), in a multitude of airports across the USA and other channels.
BITCARNAGE
No Talks
From — wherever the corporate HQ may be — Binance CEO Richard Teng Refutes Report On U.S. Negotiations With Trump (FinanceFeeds) / Binance CEO Shuts Down Speculation On Trump Family Stake (Crypto Head).
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.
EXCHANGE INVEST WEEKLY PODCAST
MIAX Buys TISE,
As Bakkt is Adrift,
FCA Raises Nickel Concerns but the market Raises FCA Concerns,
& Euronext Boss Reckons Europe is Back, Baby.
The Exchange Invest Weekly Podcast 288
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!
In 1959, the classic comedy movie, “Some Like It Hot”, directed by Billy Wilder and starring Marilyn Monroe, Tony Curtis, and Jack Lemmon, premiered at Loew’s Capital Theatre, NYC.
Some Like It Hot : Billy Wilder
Internet Archive
It’s not on the internet archive but at the Burgtheater in Vienna, Austria on this day in 1795, Ludwig Van Beethoven enjoyed his debut piano concert at the age of 24 (born December 16th, 1770). He continued to perform for the next 2 evenings as part of his first series of concerts having studied under Haydn since coming to Vienna in 1792.
The First Public Concerts Of Beethoven In Vienna
Popular Beethoven
PLY: Movie star James Stewart was promoted to Colonel on this day in 1945, having begun as a Private in 1941.
PLY: Amongst the famous folks born on this day are two entirely different figures, Sam Walton (1918) and Lavrentiy Beria (1899).
Lavrentiy Beria: The Only Man Stalin Feared
The 1440 Review
Who Was Lavrentiy Beria?
The Postil Magazine
PLY: Beria was the architect of the Katyn massacre amongst other hideous acts, contrasting with the builder of Wal-Mart:
Sam Walton: The American Underdog/Rebel Who Changed Retail
Newsweek
Books worth reading:
Finance Book Of The Week
“In Defense of Global Capitalism” by Johan Norberg refutes the adversaries of globalization, markets, and progress. This book will change the debate on globalization in this country and make believers of skeptics.
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 $499 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.
IPO-VID LIVESTREAM PODCAST
In our latest #IPOVID podcast episode, we sat down with Sir Paul Collier, one of the world’s leading development economists, for a deep dive into the challenges and opportunities shaping capitalism today. From the themes of his books The Future of Capitalism and Left Behind to the broader implications for markets, this discussion explores the global economic landscape — where progress is happening and where urgent action is still needed.
📺 Watch the full episode on our channels or 🎧 listen to the podcast on your favorite platform.
EI Website | Spotify | Apple Podcast | Anchor
LAST WORD
…If you want to stay abreast of the world of exchanges then please Subscribe to our Daily Newsletter — free 7-day trial.
Or Subscribe to our Weekend Edition — it’s free.
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.
If you enjoy our multimedia, then please Like / Subscribe to our video channel: IPO-VID In Patrick’s Opinion.
