Exchange Invest’s Post

Seven years ago, we launched the first volume of The Exchange Invest 1000: The World's Most Influential People In Market Structure (Ei1000), compiled by EI Chairman & Publisher Patrick Young. This groundbreaking publication became an instant reference, recognizing the 1000 most influential figures shaping the Bourse landscape. The Ei1000 continues to serve as a valuable resource, providing insights into the individuals driving innovation and transformation in exchanges, clearing houses, and other market structure entities. Exchange Invest is proud to have played a role in highlighting these key players for the past seven years. We continue to be the trusted source for daily news and information on all things related to the Bourse, keeping our readers – the world's leading market participants – informed and connected. In 2017, ICE Founder & CEO Jeff Sprecher was the most influential man in the bourse business, who would be #1 today? We're working to answer that in the near future… #ExchangeInvest #Ei1000 #MarketStructure #Anniversary #Bourse #FinancialMarkets #Finance P.S. Want to learn more about the latest trends in exchanges and clearing houses? Subscribe to our daily newsletter, the essential read for those in the know! [link in comments]

Tomorrow on IPO-VID: The Future of Exchange Matching Engines with Connamara Technologies! Join us for IPO-VID livestream with Maureen C Downs and Jim Downs, the dynamic duo behind EP3 by Connamara Technologies. Discover how their innovative EP3 matching engine is shaping the future of exchange technology. Tune in tomorrow, September 17th - 1200 PM EST, 1700 UK, 1800 CET, for a fascinating conversation! #IPOVID #MatchingEngines #FutureofFinance #FutureOfExchange #Exchange #Technology #Finance #Fintech #Innovation

In the dynamic world of finance, foresight is paramount. Casino mogul Steve Wynn's words remind us that successful investors often possess a keen sense of market trends, anticipating shifts before they become apparent. Want to stay ahead of the market? Subscribe to our daily newsletter for expert analysis and insights. #MarketInsights #VisionaryLeadership #FinancialSuccess

Dive into this week's market machinations with the Exchange Invest Weekly Podcast, Episode 262! Patrick Young offers insightful analysis on the latest developments in the Bourse business. Stay ahead of the curve – tune in now! This week in the parish of bourses and market structure:  Last Typhoon Call? Kalshi Wins Case But Is Stayed… It’s Die-Bor As We Bid Bye-bor To Libor, And DB1’s Chairman Announces His Retirement. 🔗 Visit the Exchange Invest website to listen. Also available on different podcast platforms. #BourseBusiness #MarketInsights #Exchanges #Markets #FinancialInsights #FinancialPodcasts

Exchange Invest is the unique daily digest of what is happening in the bourse business, an independent source which champions market infrastructure in “the age of the exchange.” We remain objective, analytical, pithy and pragmatic - & get a lot right too, if we say so ourselves…. The summer our subscribers have been enriched by our cutting through “The Competitive Mirage” in Euro STIRs. There’s no need to delve deep into the data, just read the headline numbers: EURIBOR Open Interest Is 16.2 million contracts. Eurex ESTR OI is therefore 16 million contracts behind - plus ICE has 500K OI in ESTR already (essentially tripling this year so far). Some folks continue to speculate on a benchmark binary: ESTR wins / Euribor withers… I am not yet convinced we’re in a single benchmark ‘winner takes all’ interest rate benchmark environment. We examine various scenarios today in Exchange Invest. Besides, there’s a rich history lesson to appreciate here. ICE’s 16.2 million EURIBOR OI majority has been built over nearly 25 years. Let’s not forget (actually almost everybody has…), the old LIFFE underwent 2 benchmark changes to even get to Euribor. In each instance there were those who said they would lose market share… yet LIFFE (now ICE) remained dominant throughout. When the EuroMark gave way to the Euro, LIFFE reigned supreme in the Euro STIR curve (and BTW France’s MATIF, Spain’s MEFF and Italy’s Borsa Italiana all lost their national currency futures to the LIFFE Euro). However, the ex-Mark transition to Euro STIR contract was not all plain sailing. Initially, LIFFE chose Euro-LIBOR. It became rapidly apparent that the Frankfurt Euribor was the underlying benchmark rate for Euro interest rates… In what amounted to a fabulously steely manoeuvre, the excellent LIFFE management of the time led by Chairman Sir Brian Williamson and CEO Hugh Freedburg managed a near miracle ‘swap’ of the entire yield curve from Euro-LIBOR to Euribor - over a weekend! The dig down into the data infers to me something very simple - and that’s at the heart of the ICE corporate DNA - which we could surmise as “it’s the customers, stupid” to paraphrase a James Carville zinger. ICE concentrates (spelt o-b-s-e-s-s-e-s) on its customers in a way no other exchange on earth does or has ever done. ICE analyzes the underlying contracts to see how much is fluff / froth or actual serious commercial business and seeks to keep fluff low and tangible business high. Thus ICE are determined to maximize their commercial usage and that delivers a very high level of integrity to their products. When you hedge or speculate at ICE it is a guarantee you do so alongside the commercial participants… Market integrity reminds us that All volume is not equal. PLY PS If you want to stay ahead of the curve (yield or otherwise) in the business of bourses, life is a binary: Exchange Invest subscription or ignorance. New subscribers for “the exchange of information” are always welcome.

Unveiling Costa Rica's Rich History: A Must-Visit for History Buffs Delve into the captivating history of Costa Rica at the Museos del Banco Central, a cultural complex housing two must-see museums: The Pre-Columbian Gold Museum established in 1950, this museum showcases a vast collection of pre-Columbian gold artifacts crafted by indigenous cultures of Costa Rica and neighboring regions. It is renowned as one of Central America's most important museums for its collection of pre-Hispanic gold. The Numismatic Museum: This museum exhibits Costa Rica's rich history of currency from pre-Columbian times to the present day. With over 12,000 coins and banknotes, including private tokens used for paying agricultural workers for coffee, it offers a comprehensive exploration of Costa Rica's monetary evolution. Have you visited the Museos del Banco Central? Share your experiences or ask questions in the comments below. Follow Exchange Invest for more informative content on finance, markets, and cultural gems around the world. #CostaRica #History #Museums #Finance #Explore

Join us as we sit down with Danny Corrigan, the legendary "Mr. Repo" and CEO of London Reporting House for a deep dive into the complex world of repo markets. With over 35 years of experience and a career spanning continents, Danny shares unparalleled insights into the industry. 🎧 Tune in to this episode now (link in comments) #RepoMarket #Finance #Liquidity #RepoTrading #Repo #Investing

A year ago on IPO-VID, historian Dr. Dr. Rainer Zitelmann explored the minds of the ultra-wealthy. Is it all about money? Watch & decide! #IPOVID #Wealth #Elite #Psychology #Capitalism