A CEO Special: EI Weekend?2997
This weekend it’s a collection of articles about the CEO.
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 da.y in 2015, the PSE launched its new trading system acquired from NASDAQ, the PSEtrade XTS, which replaced the PSEtrade system acquired from the New York Stock Exchange.
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“Digital transformation is the CEO’s job. Only the CEO can make the fundamental changes required for a successful transformation.”
Meanwhile, I gave some insights here on NED topics: NEDs Sharing Wisdom From The Boardroom?—?Patrick Young.
IN BIGWORLD
From Exchange Invest 2992: Monday, June 17th:
City AM
PLY: What a damning indictment of the UK political class. Even their pension fund doesn’t invest in UK stocks. Allocation to UK stocks has declined by 92% since 2017. This is a disgrace: just 2.3% of the total equity portfolio is in UK equities. if anybody ought to have their fortunes shackled to the future of the UK, it’s the MPs who (allegedly) ‘govern’ it. Then again what does this say about the London Stock Exchange Group that despite always proclaiming its great proximity to the Prime Ministers of the past generation, the LSEG has seen MPs' pensions leave the London stock market?
IPO-VID LIVESTREAM: NOW?ONLINE!
Guest: Cees Vermaas
June 18th, 2024
1700 UK, 1800 CET, 1200 EST
Cees Vermass has been CEO of the Channel Islands’ based “The International Stock Exchange Group Limited,” since November 2020. He was formerly CEO of CME Europe Ltd, CEO of Euronext Amsterdam and Head of European Cash Markets for NYSE Euronext. Prior to that, he spent a decade working in IT and programme management roles within leading Netherlands based companies Philips and Delta Lloyd Group.
EXCHANGE INVEST WEEKLY?PODCAST
ASX Spooks Investors Again!,
RIP The Incredible William Donaldson,
& Hello Mega Trillion IT3!
BITCARNAGE
The Trumpy one is on a roll right now?—?he looks as if he has a great chance of winning back the US presidency despite being convicted in a New York court recently. His big shift in recent days has been to go from crypto cynic to messianically endorsing Bitcoin et al. However, there’s a catch and it’s the core MAGA protectionist doctrine.
Thus the daily Beast notes Trump, Former Crypto Skeptic, Is Going All Out To Win The Bitcoin Bro Vote. DJT’s Truth Social post noted “VOTE FOR TRUMP! Then Trump notes “We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!”
Caps aside, I have no idea what the energy comment means BUT the point about dividing BTC geographically according to mining could be as big a problem for the crypto V1.0 world as Trump not endorsing crypto previously. Arguably worse, as clearly the Trumpian worldview fundamentally ignores the notion of implied globalisation in the Bitcoin and broader cryptocurrency world.
This reminds me of a few years back when there was a vogue that banks were eager to get into Bitcoin. However, they were very wary, AML and all that of buying potentially tainted BTC and given you can see where your BTC comes from it was?—?they believed?—?a good argument to make ‘virgin’ unused BTC which had been mined from impeccable sources. That didn’t come to fruition.
#Srsly, how do we treat an American mined BTC under this Trump doctrine which has since lived in Europe? Or China? Or, heaven forfend a pariah state such as Iran or North Korea.
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!
领英推荐
“But corporate America has long been stumped trying to find a more elusive expiration date: How can a company know when it's time for a CEO to go?”
PLY: Frankly I think there is nothing worse than a crusading CEO. They ought to lead not inculcate? This is a technocratic fantasy that management can boss the proles around I fear?
PLY: The very notion of McKinsey telling CEOs how to lead strikes me as a perfect contraindication to effective management.
PLY: It’s a good dinner party conversation for the weekend - which CEOs would you automate and why?
IPO-VID LIVESTREAM PODCAST
Join us for an insightful conversation with Jason Sen, a market maker with 15 years of experience on the LIFFE floor and nearly 40 years in trading. Currently a day trader and skilled technical analyst, Jason shares his wisdom and experiences from his home in Thailand.
?? Available on different podcast sources:
Books worth reading:
FINANCE BOOK OF THE?WEEK
Our Finance Book of the Week is “Life After the State: Why We Don’t Need Government” by Dominic Frisby.
Wherever government gets involved in people’s lives with a desire to do good, it seems to make the situation much, much worse. What if that’s not a coincidence?—?but a fundamental problem with government itself?
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.
VICTORY OR?DEATH
Victory Or Death” is a must-read book for anyone interested in the intersection of Blockchain, Cryptocurrency and FinTech giving a holistic view of the future of markets.
Available worldwide. *Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
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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