As you “love” exchanges, check out an up-and-coming Abaxx Technologies. They are new commodities exchange out of Singapore that use Blockchain and is managed by ex Goldman wonder kid Josh Crumb.
And isn’t it good if we are experts and know what every exchange is doing? Then we are super on top of everything and have high conviction that what we one is the best risk/reward globally.
Yes. I love all of those. It’s just the good thing about ICE is they make their own growth. All the others very much depend on the local equity market to do well, which probably will happen.
That may be right although I would probably argue that all exchanges are ultimately expressions of macro conditions and somewhat contained by geography. So in this case, is the extreme levels of financialisation the ultimate constraint?
For the em names, the secular tail wind is (mostly, not for B3) low velocity and penetration. They also mostly don't make much from data, derivatives etc
As you “love” exchanges, check out an up-and-coming Abaxx Technologies. They are new commodities exchange out of Singapore that use Blockchain and is managed by ex Goldman wonder kid Josh Crumb.
https://www.abaxx.tech/
Thank you Steve!
There are plenty of much better value and equally exciting (more?) across em. Have a look at:
Bursa Malaysia
Philippines stock exchange
Dubai Financial Markets
JSE
Bolsa Mexicana
B3 (although I prefer XP US)
Bolsa de Columbia
Also worth keeping an eye on tadawul, Bolsa y Mercados argi.
And isn’t it good if we are experts and know what every exchange is doing? Then we are super on top of everything and have high conviction that what we one is the best risk/reward globally.
Horses for courses 😃 I like a basket approach sometimes - rather be approximately right then exactly wrong!
Yes. I love all of those. It’s just the good thing about ICE is they make their own growth. All the others very much depend on the local equity market to do well, which probably will happen.
That may be right although I would probably argue that all exchanges are ultimately expressions of macro conditions and somewhat contained by geography. So in this case, is the extreme levels of financialisation the ultimate constraint?
For the em names, the secular tail wind is (mostly, not for B3) low velocity and penetration. They also mostly don't make much from data, derivatives etc
There is no constraint in Project Zimbabwe.