Young's Pyramid: The Top Tier
by Patrick L Young
Timeline: January 15th, 2016
The Top TierI introduced to the broader Exchange Invest Premium community last Friday the concept of Young’s Pyramid, a simple device I use to rationalise the overall exchange universe, through the prism of market operator entity capitalisation.
Today I want to focus on market capitalisation and the top tier. Over the years, many companies have come joined the pyramid and there has been some significant upheaval in the top tier, albeit in recent years there has been a certain stasis…