AI Special #5?: EI Weekend?3174
It’s an AI Deja Vu One More Time Special following on from last week’s special in the same vein…
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 1991, Eastern Air Lines went out of business after 62 years, citing financial problems.
SPONSORED BY:
MACRO THOUGHTS
2025 Economic Outlook: Firing On All Cylinders (Apollo Academy) via Two Cheers for “Cutthroat” American Capitalism (AEI)
PLY: Thank you to Jeff Kutler who brought to my attention a fascinating AEI paper about why it’s important to have some proper Schumpeterian cutthroat capitalism around the global economy.
The Apollo report quoted by AEI notes:
“There is no AI boom in Europe, Canada, Australia, or Japan. This is a very unique tailwind to the US economic outlook.”
AFM 2025 Conference
Exchange Invest is heading to Nairobi!
We’re proud to be sponsoring the 27th AFM Annual Conference this February hosted by Nairobi Securities Exchange! As “The Exchange of Information,” we keep the global bourse business informed from the top to the bottom of Young’s Pyramid of Exchanges?—?and we’re excited to join AFM for dynamic discussions, expert panels, and top-tier networking.
See you there for insights on market infrastructure, digital finance, and the future of fintech!
February 13–14, 2025?—?Don’t miss it!
IPO-VID LIVESTREAM: NOW ONLINE!
“Neurodiversity & Finance”
Guest: Sally Bridgeland
January 14th, 2025 1700 UK, 1800 CET, 1200 EST
This week we’re examining adding creativity and resilience to business, in an effort to understand neurodiversity and the importance of the connective tissue in the financial system.
Our guest is Sally Bridgeland, an actuary with extensive executive, advisory and non-executive experience across pensions and investment. A non-executive director Impax Asset Management Group plc from 2015 and Chair from 2020–2024, Sally was awarded Non-Executive Director of the Year (FTSE AIM category) at the 2023 NED Awards in London.
Amongst a fascinating portfolio, Sally serves on the boards of two insurers, Pension Insurance Corporation and RSA, and as Chair at BelleVie Care alongside being Honorary Group Captain in 601 Squadron of the Royal Auxiliary Air Force.
IN BIGWORLD
From Exchange Invest 3169: January 13th:
A brief update on the Presidential inauguration of a politician deemed persona non grata by many across the world who has inspired many headlines railing against his brutal statements and apparent placing of ego before state. Riots took place with opposition arrested who will be subject to summary ‘justice.’
…And thus, last Friday, Nicolas Maduro was reinstalled as President of Venezuela despite not apparently winning anything like a free and fair election.
While beloved of the left wing dreamers cum sadly delusional the world over, will the former bus driver survive a full term or will there be a handover to the real election victor Edmundo González Urrutia who was himself the surrogate for opposition leader María Corina Machado who was both banned from contesting the election in the Chavista bastion and indeed was arrested last Thursday as she protested a sham election.
Meanwhile, it’s morning in America, Happy MLK day even if that great man’s legacy is for one year overshadowed by the inauguration…
EXCHANGE INVEST WEEKLY?PODCAST
ESX Launches,
B3?… A5?—?sounds like a chess move but it’s a big talking point in Brazilian markets…
Tel Aviv Buys Back Stock,
And Sebi is setting new limits for ETD…
BITCARNAGE
Mudrex Bogged Down
Another day another tale of crypto woe, hopefully this will turn out okay but then again our sense of optimism about troubled crypto exchanges remains, er, highly distributed: Indian Crypto Exchange Mudrex Suddenly Blocks Withdrawals (CCN) / Indian Crypto Exchange Mudrex Explains Withdrawal Suspension (Cointelegraph).
We await news on or before January 28th, the suspension time limit and hope it is due to the stated reason of upgrading the platform compliance framework to prevent misuse.
领英推荐
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.
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!
Nieman Lab
Nieman Lab
FT
FT
PLY: When the blurbsters of the blobsters, the FT warns about bureaucratic risks, it’s important to sit up and take note.
South China Morning Post
PLY: There’s a sucker born every minute and there is it seems an infinite number of AI bots being created for every niche every second…
Books worth reading:
Finance Book Of The?Week
“Financing the Race to Space: How to Value, Invest, and Explore the Universe” by Armen V. Papazian is an unprecedented discussion at the intersection of finance and outer space. Armen examines the monetary and financial foundations for actively pursuing outer space exploration, development, and settlement.
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
The latest IPO-VID podcast is here with “IPO-VID 2024 Review?—?Part I!” Join us for insights from a stellar lineup of last year’s expert guests sharing their perspectives on where the markets are headed next and reflect on key trends shaping the financial landscape.
Tune in for a thought-provoking recap of the past year’s highlights!????
EI Website | Spotify | Apple Podcast | Anchor
LAST WORD
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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.
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