Exchange Invest Weekend Edition 2804: EL Nino?Back?
Revenge going bad as El Nino returns while CEOs share morning routines & Russian life misunderstandings…
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.
The remarkable neo-classical building Palais Brongniart home to the Paris Bourse until 1998, opened on this day in 1826.
IN BIGWORLD
From Exchange Invest 2802: Thursday, November 2nd:
Worth considering when you’re looking for a good anecdotal way to explain why free markets matter and centrally planned Communism doesn’t quite cut the diverse economic mustard.
The total GDP of North Korea is expected to peak a bit over $21 billion in 2023.
The global market for K Pop is right now somewhere between $8 billion and $9 billion alone.
IPO-VID LIVESTREAM
NOW ONLINE! Season 22: Episode 03: IPO-VID Livestream 123 Guest: Richard?Sandor
Tuesday, October 31st: 1800 UK, 1900 CET, 1400 EST
“The Father of Financial Futures”
A Chevalier de la Legion d’Honneur, for his accomplishments in the field of environmental finance and carbon trading, Professor Richard Sandor is known world-wide as the “Father of Financial Futures.
Richard L. Sandor (Ph.D., Dr. sc. h. c.) is CEO of Environmental Financial Products (EFP), which was the incubator to the Chicago Climate Exchange (CCX) and the American Financial Exchange (AFX). Among Dr. Sandor’s academic roles, he is currently the Aaron Director Lecturer in Law and Economics at the University of Chicago Law School and an honorary Professor at the School of Economics at Fudan University and the University of Hong Kong.
In 2002 he was named by TIME Magazine a “Hero of the Planet” and in 2007 as one of the magazine’s “Heroes of the Environment” for his work as the “Father of Carbon Trading.”
“The Doc” as he is affectionately known in Chicago has served on the board of directors of leading exchanges such as the CME, ICE, CBOT, LIFFE and Tianjin Climate Exchange.
Watch the stream on:
IPO-VID LIVESTREAM PODCAST
In the IPO-VID episode 116, Patrick Young had a good chat with the renowned historian and best-selling author, Dr. Rainer Zitelmann, as they delved into the world of “The Wealth Elite.”
Catch a glimpse into the opulent world of the super-rich, uncovering the secrets behind their success, their distinctive ways, and the art of amassing wealth.
Now available from multiple different podcast sources:
EI WEEKLY?PODCAST
ICE CDS clearing leaves Europe as the EU drives the business across the Atlantic?
Everybody everywhere all of the time is guilty except SBF?
There’s a new ICE Fixed Income boss?
…and RIP Patrick Birley.
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.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
KASE: INTERNATIONAL EXCHANGE?FORUM
Catch the last PLY Public Keynote of 2023, on the cusp of the 25th anniversary of his original “Capital Market Revolution!” book…
As part of events dedicated to KASE’s 30th anniversary, KASE will host on November 16, 2023, in Almaty an international exchange forum called “The Role of Exchanges in the Transformation of Financial Markets” organized in association with the National Bank of the Republic of Kazakhstan, the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market and Association of Financiers of Kazakhstan within the framework of the XI Congress of Financiers of Kazakhstan.
领英推荐
For more information: click here.
FINANCE BOOK OF THE?WEEK
In response to reader’s queries, we have added a book of the week column to the EI weekend edition?—?You can sign up for EI Weekend for free at ExchangeInvest.com incidentally.
We’re choosing interesting books pertaining to exchanges and markets, investment et al…
This week’s book was written by financial expert, Joseph de la Vega.
“Confusion of Confusions” the oldest book ever written on the stock exchange business, first published in 1688 yet retaining a vast quantity of timeless advice relevant to the investor of today with many wonderful vignettes that are remarkably akin to modern investor types.?
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 $349 per annum to join “The Exchange of Information.”
BITCARNAGE
Leaving aside the fact that SBF readily testified he is blameless but everybody else, everywhere all of the time was guilty or so it seemed, the FTX liquidators are still working hard to relaunch FTX as an exchange. That drew a rare gem from the comments below a story on Yahoo Finance (FTX In Talks With Three Bidders To Relaunch The Exchange, noting acerbically:?
“Relaunch a crypto exchange where billions were lost due to fraud and ineptitude. What a great idea, I’m sure people will flock to it.”
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.
MACRO THOUGHTS
Visual Capitalist
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!
FT
SparkChronicles
WSJ
“On Wednesday, call me Nasdaq Chief Executive Adena Friedman.”
The Spectator
LAST WORD
…If you want to stay abreast of the world of exchanges then please Subscribe to our Daily Newsletter?—?free 30 day trial.
Or Subscribe to our EI Weekend newsletter in Substack?—?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.
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The future continues in the water cooler of the bourse business…
- Patrick