The Daily Newsletter of Market Infrastructure









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Exchange Invest is a free daily email/web newsletter
about the core events pertaining to investment
in financial markets infrastructure such as:

  • exchanges
  • IT vendors
  • brokers
  • MTFs
  • clearing houses
  • etc.

Monthly Archives: July 2017

JULY 14 2017

Welcome to Issue 1036 of Exchange Invest. France (and ESMA) have a day off to celebrate the speech of Camille Desmoulins in the Cafe du Foy on July 12 which turned into the storming of the Bastille on July 14th. This year Donald Trump is watching the marching unfold along the Champs Elysee. Meanwhile it’s a fascinating day for anniversaries, as Ingmar Bergman, Gerald Ford, Woody Guthrie, Terry Thomas and Gustav Klimt were all born on the day Adlai Stevenson,… Continue reading

JULY 13 2017

On this day not only was Harrison Ford born but Frida Kahlo and Alfred Stieglitz died while Krispy Kreme doughnuts were founded in 1937…

Euro Clearing Essentials

1) Prosperity UK Panel – Brexit, Euro Clearing & Financial Market Structure: panel with Barney Reynolds, Jeff Sprecher, Michael Spencer and one Patrick L Young lurking in the background.

2) My CapX article explaining The EU’s Euro Clearing Plan Is An Act Of Protectionist Self-Harm.

In Today’s Exchange Invest

Thanks to BIDS for… Continue reading

JULY 12 2017

Welcome to Exchange Invest Daily Issue 1034. On November 25 1034, King Malcolm II of Scotland died in battle at Glamis to be succeeded by Duncan, son of his second daughter, rather than Macbeth, son of his eldest. This move has since had controversial multimedia ramifications over the centuries. Meanwhile, this day in 1984 Walter Mondale named Geraldine Ferraro as his running mate, first time a woman had been on a big ticket VP campaign.

Euro Clearing Essentials

1) Prosperity… Continue reading

JULY 11 2017


Issue 1033 of Exchange Invest corresponds with the year in history AD where the world was somewhat panicky as expectations rose that the world would end on what was perceived as the 1000th anniversary of the crucifixion of the messiah (the book of Revelation having foreseen T+1000 year ‘settlement’ for earth).

Euro Clearing Essentials

1) Prosperity UK Panel – Brexit, Euro Clearing & Financial Market Structure: panel with Barney Reynolds, Jeff Sprecher, Michael Spencer and one Patrick L Young lurking… Continue reading

JULY 10 2017

Issue 1032 of Exchange Invest Daily is published on the birthday of Nikola Tesla, renowned physicist whose name has been borrowed by a range of electric cars which are electric, unlike Volvos. He was also portrayed by David Bowie in The Prestige where his various pithy lines included: “You’re familiar with the phrase “man’s reach exceeds his grasp”? It’s a lie: man’s grasp exceeds his nerve.”

Euro Clearing Essentials

1) Prosperity UK Panel – Brexit, Euro Clearing & Financial Market… Continue reading

JULY 7 2017

Welcome to Issue 1031 of Exchange Invest which coincides with the day Boris Becker became the youngest Wimbledon winner in history (1985) and Sandra Day O’Connor was appointed by Ronald Reagan as the first female supreme court judge in the history of the USA (1981).

Euro Clearing Essentials

(More relevant than ever given some typically clueless journalistic fare today).

1) Prosperity UK Panel – Brexit, Euro Clearing & Financial Market Structure: panel with Barney Reynolds, Jeff Sprecher, Michael Spencer and… Continue reading

JULY 6 2017

Welcome to Exchange Invest Daily Issue 1030. Interesting to think that on this day Frida Kahlo, Nancy Reagan and George W Bush were all born…which leads to the interesting water cooler point to ponder of how many astrologically driven personality facets they share.

Euro Clearing Essentials

1) Prosperity UK Panel – Brexit, Euro Clearing & Financial Market Structure: panel with Barney Reynolds, Jeff Sprecher, Michael Spencer and one Patrick L Young lurking in the background.

2) My CapX article explaining… Continue reading

JULY 5 2017

Good Morning and Welcome to Issue 1029 of Exchange Invest Daily, refreshed after a day celebrating American Independence, even if from somewhat afar. A century of issues ago you will recall that we were just getting into the stride of the remarkably popular Porsche 900’s in issue terms. Well if you have $13-16 million to spare (and who knows it might yet be more!), the place to be is Monterey, California in mid August when David Gooding’s eponymous auction company… Continue reading

JULY 3 2017

Good Morning and Welcome to Issue 1028. This edition corresponds with the chassis number of a fabulous Ferrari 512 owned by an American David Weir who ended up driving in his dream Le Mans 24 hour race alongside the brilliant Chris Craft after the playboy privateer Weir had been trained for some months by David Prowse – or as you might know him better, Darth Vader. Funny old world.

Tomorrow is Independence Day in the USA. As a fan of… Continue reading