On Mount Everest : EI Weekend 3284
This weekend is devoted to Everest, the world’s highest mountain with even a modest parish twist.
Exchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure.
Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
On this day in 2013, NASDAQ London Exchange (“NLX”) was launched with much fanfare as a competitor in STIRs and yield curve products with ICE and EUREX.
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MACRO THOUGHTS
Scaling Mt. Everest: A Scroll Up The Icy Path
Washington Post
IN BIGWORLD
From Exchange Invest 3276:
A fascinating story in the South China Morning Post a few weeks back continues to intrigue me (‘Big Impact’: Russian Goods Seizures Cause Havoc On China-Europe Rail Link).
In essence that magnificent “Belt and Road” network created by China has had some issues of late. Some folks in Europe have been ordering stuff off Alibaba, Shein or wherever and the parcel gets popped on the train by that nice Mrs Wong or somebody in say downtown Hangzhou. The problem is the parcel can move seamlessly across the rail network but then hits a problem when it reaches customs at the Russian border.
Thus the freight land route China-Europe is de facto closed for business. (For passenger traffic, the spectacle of seeing uniformed Russian railways staff saluting as their train heads from Warsaw Central to Moscow has now been replaced with a service which only goes to Minsk after Russian trains were cut off from Europe post Ukraine invasion).
BITCARNAGE
Crime Growth Spot
The Bloomberg headline Crypto Crime Is The Future. Bank Heists Are History serves as an apt reminder that nowadays it’s tough enough finding a bank branch, let alone which one might actually have enough cash to make it worthwhile going all Ocean’s umpteen.
Not far removed from bank robbery is of course pure play larceny as Yahoo Finance notes: Coinbase Hack Reveals Crypto Vulnerability To Old-School Crime: Bribery, that too is a big thing in contemporary crypto (crime) it seems too.
If you enjoyed this excerpt you may be interested to know that you can read Bitcarnage every day in Exchange Invest.
Alternatively, if you want to follow Bitcarnage — the daily update on happenings in the world of crypto and digital assets, then you can find Bitcarnage as a standalone on Substack.
EXCHANGE INVEST WEEKLY PODCAST
Bloom-Bust, The World’s Biggest Terminal As A Near Terminal Failure Stopping Europe’s Bond Markets Amongst Others…
As the SEC Likes Private Markets For All,
Does The Death of The Penny Mean New Tick Sizes?
The Exchange Invest Weekly Podcast 297
OF INTEREST
As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!
When Is The Best Time To Climb Everest?
Yahoo
PLY: Just in case you’re making plans…
Sir Edmund Hillary And Tenzing Norgay — 1953 Everest
National Geographic
Edmund Hillary Facts | 53 Things You Might Not Know About The First Everest Summiteer
Mpora
How Many People Climb Mount Everest?
Climbing Kilimanjaro
Death At The Summit
Pacific Standard
List Of People Who Died Climbing Mount Everest
Wikipedia
Xenon Gas Climbers Ascend Mount Everest In Five Days
9 News AU
They Inhaled A Gas And Scaled Everest In Days. Is It The Future Of Mountaineering?
The New York Times
Everest In 5 Days: British Team’s Speed Climb Sparks Nepal Probe
Inquirer
Tourism Department Investigates Use Of Xenon Gas In Everest Ascent
Kathmandu Post
PLY: Provoking ire in Nepal for many understandable reasons although one must admire the military veterans who managed this remarkable feat.
The Mysterious Life And Death Of Intrade’s CEO
Fortune
PLY: As a co founder and initially director of Intrade (before the ill-fated idiocy of entering the unregulated US market), I left before John became CEO. He struck me as delusional to the point of perhaps …how can I say this nicely and not speak ill of the departed… Somewhat akin to kind a proto crypto bro? Anyway, Ron Bernstein was very diplomatic here as he went on to try to rescue the business after John’s Everest dream turned terminal nightmare.
How Mount Everest Climbers Navigate Traffic Jams
Outside Magazine
Mount Everest Will STILL Be Overcrowded In 2025 (WAY Too Many Permits + Dangers This Causes)
Everest Mystery
Climbing Mt. Everest Just Got Harder — Nepal Plans Crackdown Amidst Overcrowding, Deaths
Mens Journal
Books worth reading:
Finance Book Of The Week
“The Hare and the Tortoise: An Informal Guide to Business Strategy” by John Kay combines insightful analysis with and verve. In less than two hundred pages, he provided a lively introduction to business strategy and a guide to many of the key issues in business today.
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $499 per annum to join “The Exchange of Information.
Capital Market Revolution
First published in 1999, “Capital Market Revolution!” offered a clear, concise roadmap for navigating the financial revolution fueled by technology. And 25 years later, as the world of fintech continues to evolve, the core principles laid out in the book remain surprisingly sharp
This new edition was produced to celebrate PLY ringing the NYSE Closing Bell July 5th, 2024. There are several new sections of PLY pith to add 10,000 more words of context and the original book which is remarkably prescient and elegantly dated all at once! It’s only $9.99 on Kindle, a fraction of the original price in 1999 to encourage revolutionaries with any budget!
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
IPO-VID LIVESTREAM PODCAST
In this latest conversation, we’re diving into The Benefits of Financial Inclusion with Alessandro Hatami and Meaghan Johnson — two powerful voices shaping the future of finance. From banking reinvention to digital finance education, they explore how technology can help build a more inclusive financial world for all.
Catch up now and stay ahead in the world of markets!
EI Website | Spotify | Apple Podcast | Anchor
LAST WORD
The future continues in the water cooler of the bourse business.
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