Aug
31
Crypto Exchanges 2022: 23 DOA…MIA
We live in curious crypto times.
3 min read
Featured Articles
A collection of features about the exchange world, including news and deal analysis by our founder Patrick L Young
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 graph makes for interesting and thought provoking reading
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
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
May
12
Background: On Financial Weapons of Mass Destruction
Before the Fed was established, the failure of weak banks would sometimes put sudden and unanticipated liquidity demands on previously-strong banks, causing them to fail in turn.
4 min read
May
12
Yesterday's Media Miss?
the field is open for CME to complete its acquisition of Nex, albeit after Michael Spencer played a masterly hand at a single bidder auction and got a price well above the previous market value before even the first rumours (although I still think CME are getting a great deal).
1 min read
