Posts tagged NYSE
Fintech venture investing after a career in the US treasury and Wall St equity research, with Patrick Pinschmidt of MiddleGame Ventures Jul 9 2
Fintech venture investing after a career in the US treasury and Wall St equity research, with Patrick Pinschmidt of MiddleGame Ventures Jul 9 2

In this conversation, we talk all things Wall Street, FinTech, and Venture Capital with Patrick Pinschmidt, who's the general partner and co-founder at MiddleGame Ventures.

More specifically, we discuss the ups and downs of sell-side research in the early 2000s, the evolution of financial technology to today’s FinTech, an insight into the Financial Stability Oversight Council at the US Treasury Department, the founding of Middlegame Ventures and its impressive investment portfolio, and the transformation of financial services fueled by the rapid innovation in FinTech.

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venture capital, exchanges / cap mkts, digital transformation, paytech, regulation & complianceLex SokolinFinancial Stability Oversight Council, Treasury, Middlegame Ventures, Morgan Stanley, Merrill Lynch, NASDAQ, NYSE, INET, Archipelago, ESG, Payslip, Minna, Capdesk
Understanding Robinhood, Derivatives, and Market Makers with Paul Rowady of Alphacution
Understanding Robinhood, Derivatives, and Market Makers with Paul Rowady of Alphacution

In this conversation, we talk with Paul Rowady, who is the Director of Research for Alphacution Research Conservatory. Paul has a deep background in capital markets, derivatives, and the macro structure of the industry. He has been uncovering the transformation of that structure with data driven analyses, making visible the economics of market makers like Citadel and retail order flow aggregators like Robinhood. This is a rich discussion of what trading stocks is really like. And make sure to check out Alphacution.

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digital investing, crypto, exchanges / cap mktsLex SokolinRobinhood, Alphacution, Citadel, Susquehanna International, O'Connor & Associates, UBS, World Federation of Exchanges, NYSE, NASDAQ, CBOE, TD Ameritrade, eTrade, Two Sigma, D.E. Shaw
Slowing GDP growth by 1.5% is like another 10 million people getting infected with coronovirus, and other analysis on financial fragility
Slowing GDP growth by 1.5% is like another 10 million people getting infected with coronovirus, and other analysis on financial fragility

I hope that you and yours are OK, socially distanced and stocked on essentials. Whether you feel it yet or not in daily life, the world is bracing for coronovirus impact. In this week's analysis, I look at the difficult trade-offs between health and economy, and try to quantify the impact of the likely slow-down. We look at some grim but useful concepts, like (1) the value of a statistical life, (2) what happened to the Soviet economy and life expectancy after perestroika, and (3) how our financial machines (NYSE, Robinhood, Maker DAO) are cracking at the edges. If you can do one thing -- be kind and gracious with each other as some things inevitably break.

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covid pandemic, macroeconomics, philosophy, fixed income, exchanges / cap mkts, decentralized financeLex SokolinValue of Life, Covid, GDP, Robinhood, NYSE, MakerDAO
Shifting from Institutions to Retail Clients -- NYSE direct listings and Central Bank digital currencies
Shifting from Institutions to Retail Clients -- NYSE direct listings and Central Bank digital currencies

I look at the similarities between the NYSE building out direct listing products to augment or replace IPOs, and Central Banks considering launching consumer-facing digital currencies. In each case, the value chain of the respective financial sector is compressing, as the underlying manufacturers of financial product move closer to the consumer. I also highlight how a few blockchain-native alternatives to trading and rebalancing software are developing, and the reasons to get excited about things like Set, Uniswap, and Aragon.

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ICO / IEO, stablecoins, central bank / CBDC, exchanges / cap mkts, IPO / SPACLex SokolinNYSE, NASDAQ, Spotify, Slack, E-krona, Bitcoin, Visa, Uniswap, Set Protocol, Wyre, Aragon