Latest

Aug
02

The Failed Promise Of Unregulated Crypto

Four years ago, ICE created a fully-regulated, physically-delivered crypto futures market, with institutional-grade custody provided by ICE’s then-subsidiary, Bakkt.
3 min read
Jul
27

The Barbie Effect?

AKA How Exchange Invest’s Ace Research team donned pink lab coats to discover a 200 Basis Point pick-up.
1 min read
Aug
31

Crypto Exchanges 2022: 23 DOA…MIA

We live in curious crypto times.
3 min read
Aug
17

PLY Seven Wonders Of The Bourse World

I’m delighted to share seven structures that house or housed exchanges.
1 min read
Aug
09

The Hathaway Effect: Mythbusters

When La Hathaway launched a new movie, the AI bots monitoring social media got carried away with the red carpet excitement and helped push up the value of Buffett’s company “Berkshire Hathaway.”
4 min read
Jun
27

Exchange CEO Pay: The Magnificent 7

The Magnificent 7 CEOs of Exchanges & Their Lavish Pay Packages.
2 min read
Jun
14

Exchange CEO Pay: The Ocean’s 11

Today I’m looking at what I term “The Ocean’s 11” which is a series of 11 CEOs in the market structure we found data for and thought it interesting to peruse their salaries.
3 min read
May
24

ICE Cost of Borrowing 2020 - 2022

An Interest Rate Comparison ICE Cost of Borrowing from QE Lows to Rising Interest Rates - 2020-2022 Analysis.
2 min read
May
17

Exchange Invest 9 Years On Reflections From Young’s Pyramid

Years back I created the eponymous “Young’s Pyramid” to illustrate the relative value of exchanges around the world.
2 min read
Aug
31

CME & The B Share Buyout

A low ball bid to buy out B shares results in a board reduction albeit at the expense of trading knowledge and input.
1 min read
May
29

ICE Buys TMC Bonds

Jeff Sprecher’s ICE is still willing to piece together small parts in the pursuit of the whole, which is a significant share in bond trading to go with the significant bond data share they have via IDC...
1 min read
May
26

MCX-NSE: A Remarkable Cycle?

The very notion that NSE and MCX could merge would have been regarded as an absolute pipe dream by many even a year or two back before the first outsider came to lead NSE.
1 min read
May
25

On NSE and MCX - Background

In the age of decentralization, a zest for micro markets and generally a move towards fast-moving innovation, that old fixation which accompanied “the Hindu rate of growth” fallacy continues to infect the Indian blob.
1 min read
May
13

What Eris Tells Us About CME

essentially CME realising the value of the existing Eris product - as well as the remarkable volumes it had achieved as a standalone away from CME’s trading platform, readily swept in and created a single point of trading with a licensed product.
2 min read
May
12

On Bill Gates & The Limits Of Financial Literacy

I noted he did have a go at hardcore OTC stuff which even then was a touch out of control (years before Lehman) imho but equally, it was vital to follow that just because you were an American millionaire or billionaire...
2 min read