I was delighted to chat with Fiona Boal of @SPDJIndices to kick off day 2 of the #AFM2026 hosted by TAIFEX. It was a fabulously wide ranging discussion as befits Fiona's broad career which began in commodities & nowadays focuses on her role as Global Head of Equities at S&P.
🔴 Happening Now at the AFM Annual Conference in Taipei: Day 2 opens with “Matters of Moment,” a Fireside Chat moderated by Patrick L Young @FrontierFinance with Fiona Boal of @SPDJIndices. After a fantastic Day 1, discussions are already off to a strong start.
Meanwhile, Martin Wong of @HKEXGroup highlights the massive reach of the SAR exchange across products as a regional "super connector" particularly to and from Mainland China itself.
Delighted to be in Taipei for AFM Conf. hosted by TAIFEX. Fantastic conversation already with Sophia Hsu of TAIFEX discussing the dynamism of semiconductor capital Taiwan with a burgeoning derivatives market hedging risk in the nation, which defines our state-of-the-art hardware.
If your morning coffee feels a little more “premium” than you remember, there’s a reason. A 1lb bag of coffee in the USA rose from $4.17 in 2019 to $9.61 in 2026 — up 130.46%. At what point does caffeine stop being a habit and start becoming a luxury commodity?
In one hour, we revisit IPO-VID 048 first aired in 2021: “A New Code for Market Structure.” Vermiculus CEO Taraneh Derayati discussed exchange & clearing tech evolution & major global transformation projects still highly relevant today as markets evolve.
https://t.co/1cK9CdB89h
I am delighted to add another significant vendor to our roster of world-class sponsors, in keeping with our unique pithy analysis.
Thank you, Nils-Robert Persson and team Vermiculus for supporting "The Exchange of Information."
Exchange Invest is delighted to welcome Vermiculus as a new flagship sponsor. Built by a team with deep market-infrastructure expertise, Vermiculus delivers next-generation trading, clearing & post-trade systems designed for resilient, real-time future markets.
Post-Brexit Trade
Trade figures alone don’t settle the Brexit debate — they often raise more questions about measurement, composition, and context.
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#BIGWORLD#UK#Brexit#Economy#Markets#Trade#Policy
All the very best to Valdene Reddy as she looks to build a globally relevant, resilient JSE. In reality the @JSE_Group has largely done a solid job - it’s the broader South African policy environment that has held the story back.
Jay Ritter breaks down a long-running market inefficiency: companies not only pay significant fees, but also often leave money on the table as stocks begin trading above their offer price almost immediately. Watch the full conversation for his full take: https://t.co/2nvqQkLrqd
T+1 turns two… Markets once operated on a T+forever settlement mentality. The UK only moved from fortnightly accounts to T+10 in 1994, then T+5 a year later. Now the US, Canada & Mexico run smoothly on T+1 — and Europe will eventually follow.
Channeling insights from @stevewoz, I encouraged students to use their “Actual Intelligence” to exploit their data centre-driven “Artificially Intelligent” robotic cousins — and profit in a world still full of opportunity for flexible market thinkers.
Back in Poland for the 18th Copernican Digital Forum at Nicolaus Copernicus University in historic Toruń. Delighted to discuss “Towards Young’s Staircase of Capital” — exploring fundraising, exchange marketplace models, e-commerce dynamics, K-pop & AI.
Once richer than the Dominican Republic, Cuba now trails far behind economically. A reminder that ideology alone doesn’t create prosperity.
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#BIGWORLD#Markets#CaribbeanEconomy#Cuba#Finance#Economy
US life expectancy in 2026 is ~79.4 years. The 50 largest US airports? Older still, averaging ~82 years. Only a handful of major commercial airports have been fully built in the past half-century. Infrastructure time moves far slower than biological time.
In observance of the US Memorial Day holiday, there will be no IPO-VID episode today. In the meantime, explore the IPO-VID archive — from exchanges & fintech to crypto, commodities, macroeconomics & market structure. We return next week with more from global finance.
70 years ago, 10-year-old Leonard Ross became the first guest ever invited to ring the @NYSE opening bell after winning a TV quiz show on stock splits, regulations & listings. A child helped transform the bell from market signal into global financial theatre.
Cuba still knows how to make world-class cigars.
What it hasn’t figured out is how the people making them can afford to live.
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#BIGWORLD#Cuba#CubanCigars#Economics#Capitalism#Geopolitics#Macro
It's a joy to support creativity & amongst my myriad of fabulously talented friends, when Michelle Gialanze asked for some support to take up her exhibition space in Venice alongside the main biennale, it was a no-brainer. Delighted to support Mixa's latest artistic tour de force
Founded in 1895, La Biennale di Venezia remains one of the world’s great cultural stages. Exchange Invest is proud to support Maltese artist Michelle Gialanze (“Mixa”) as she exhibits at Palazzo Mora during the 2026 Venice Art Biennale.