Transcript
This week in the parish of bourses and market structure:
As Wise comes to market in London, the RobinHood bandwagon is rolling along. How much is the meme-meister of Payment for Order Flow (PFOF) worth?
While over in Cryptoland, the Binance Crackdown continues. And back in London, the death of the financial centre has been exaggerated once again...
My name is Patrick L. Young,
Welcome to the bourse business weekly digest.
It's the Exchange Invest Weekly Podcast Episode 102.
Good day ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the weekend market structure. All the analysis of the week's many events and happenings can be found in Exchange Invest’s daily subscriber newsletter, the unique guide to the bourse business sent daily to your inbox.
More details at ExchangeInvest.com.
London reclaims top trading status from Amsterdam trumpeted rather the their headline in the Financial Times the other day... as that permanent move of liquidity to the European Union looks to have been somewhat of a chimera.
Had “the Brussels Bugle” been credible at any time in the past five years + with its Brexit coverage, then we could have clearly perceived the city streets of London now resembling one of those tension building Sergio Leone spaghetti western scenes, where a wisp of straw wheedles along in a light breeze or lifting sand in its stead.
However, rather than resembling Dodge City redux, the simple truth is the City of London is resilient, and a fair whack of business headed to the EU while waiting to find the path of least resistance has promptly bounced back. That it returned within mere months ought to be a humiliation to the shameless dullards who have always seen Brexit as a British disaster zone. But having been consistently wrong to date, why should we expect the stubborn to stop now?
Another Brexit scare story dies. The shameless incompetents ride on blithering doom without substance... Next up back to the Harridan Irish EU Finance Chief and her endless threats which can only be credible when married to a very low brow understanding of how finance actually works.
Meanwhile, with the new new thing garnering increasing headlines, the European Union moves at the pace of a knackered pachyderm:
EU Crypto Regulation Goes Live In Three Years went the headline in Finance Feeds this week.
Reasons why Europe’ EU p...
