POPULARITY
This episode of The Signal dives into the evolution of Coinbase, one of Wall Street's most misunderstood companies. Learn about Coinbase's transformation from a Bitcoin-only exchange to a key player in the web3 infrastructure space, with a multifaceted business model including trading, staking products, stablecoins, a layer 2 blockchains, and prime brokerage services. We analyze Coinbase's competitive positioning, operational efficiency, regulatory challenges, and the company's potential for unprecedented growth in the crypto and onchain economy over the next decade. Whether you're an investor, analyst, or simply curious about the future of crypto, this episode offers valuable insights into Coinbase's strategic direction and its pivotal role in web3. 00:00 From Bitcoin Exchange to Web3 Pioneer 02:21 Coinbase's Multifaceted Business: Beyond Just an Exchange 06:55 The Founding Story of Coinbase and Its Web3 Vision 11:38 Exploring Coinbase's Revenue Streams and Market Position 12:48 The Rise of Base: Coinbase's L2 and Its Impact 34:57 Coinbase Wallet and the Future of Web3 Accessibility 38:30 Understanding Coinbase's Trading Revenue and Market Dynamics 50:43 The Growing Importance of Stablecoins in Coinbase's Revenue 55:24 Staking 01:00:33 Prime Brokerage and Custody 01:02:59 Strategic Partnerships: Strengthening Coinbase's Ecosystem 01:06:24 The Competitive Landscape 01:17:29 Coinbase's Venture Portfolio 01:19:20 Coinbase vs. SEC 01:24:59 Analyzing Coinbase's Financials and Profit Drivers 01:31:51 Drawing parallels with Amazon's growth trajectory We hope you enjoy the episode! --- Subscribe to The DeFi Report Newsletter: https://thedefireport.io/subscribe Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice. The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Listeners are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol.
This week on Wall Street, all eyes will be on the Federal Reserve's interest rate decision. The Fed is widely expected to hold interest rates steady. But when will rate cuts begin? More specifically, how many rate cuts can we expect by year-end? On Money in the Market, Hongbin Jeong speaks to Tareck Horchani, Head of Dealing, Prime Brokerage, Maybank Securities, to find out more. See omnystudio.com/listener for privacy information.
Bringing People Together To Create Revenue Opportunities is covered in this podio, along with the following subjects: - The power of networking, collaboration, and community building - Discovering new ways to connect with others - How to create new revenue opportunities *********************************** Are you an entrepreneur or small business owner looking to create new revenue opportunities? Look no further! In this Livestream, we'll explore how bringing people together can unlock a world of potential for your business. We'll discuss the power of networking, collaboration, and community building in generating revenue and fostering growth. Get ready to discover new ways to connect with others and boost your bottom line. Let's dive in! Dale is an experienced Leader, Educator, and passionate Sales Professional with a demonstrated history of managing teams in the financial services and financial technology industry. His value-add is in bringing people and/or businesses together for the purpose of creating revenue opportunities. Dale is a skilled communicator and coach with expertise in Leadership, Training, Strategy, DE&I, Asset Management, Electronic Trade Execution, Prime Brokerage, Investment Advisory, and Relationship Management. He earned a Master of Business Administration (MBA) focused in Finance from Florida A&M University. / dalefavors https://www.adaptnlead.com/
Will the Bank of Japan really ditch its ultra loose monetary policy tomorrow? Governor Kazuo Ueda and his board have one more day to decide if it's time for Japan's first interest rate hike in 17 years. While speculation is mounting on whether the BOJ will raise its key interest rate, what if they delay once more? On Money in the Market, Hongbin Jeong speaks to Tareck Horchani, Head of Dealing, Prime Brokerage, Maybank Securities, to find out more about the implications of the BOJ's interest rate hike.See omnystudio.com/listener for privacy information.
Investors in Indonesia had much to cheer as stocks saw their biggest increase in two months a day after Defence Minister Prabowo Subianto declared victory in the nation's presidential election. The Jakarta Composite Index finished 1.3 per cent higher - that's the most since December 14, and was nearing a record high. So to find out what this election means for domestic and international investors of Indonesia's market, on Money in the Market, Hongbin Jeong speaks to Tareck Horchani, Head of Dealing, Prime Brokerage, Maybank Securities. Highlights: 1. Could you shed some light on Indonesia's stock market performance leading up to the elections? What notable trends emerged during this period? - 1:02 2. What factors contributed to the notable increase of 1.3% in the Jakarta Composite Index following Prabowo Subianto's victory announcement? - 2:25 3. Why is this growth remarkable to Indonesian stocks? What does it imply? - 3:14 4. What were some sectors/stocks that were the winners following the election? Which were the losers? - 4:55 5. Why are the rate cuts by the Bank of Indonesia significant? - 9:02See omnystudio.com/listener for privacy information.
Slater Heil is a CoFounder and Contributor at Blueberry. In this Quick Hit, we spotlight the building of a DeFi prime brokerage called Blueberry. Having recently launched on Ethereum, we discuss how Blueberry works, what aggregated strategies we can expect in its DeFi terminal, and how they will offer 20-50x leverage for the most-in demand DeFi strategies, including Pendle Finance LRT markets. ------
Last week was the busiest of earnings season, with several stocks dubbed the Magnificent 7 reporting their results. The S&P 500 rose 1.4% for the week, driven primarily by earnings and the Magnificent 7. So how did the Magnificent 7 perform so far in the latest earnings season? Which beat expectations and which didn't? And given the latest results, should investors pour in their investments into the Magnificent Seven? On Money in the Market, Hongbin Jeong speaks to Tareck Horchani, Head of Dealing, Prime Brokerage, Maybank Securities, to find out more. See omnystudio.com/listener for privacy information.
Mike Higgins of Hidden Road joins the show. In this episode we discuss: Mike's career and the path to joining Hidden Road Overview of Hidden Road and the prime brokerage category The market structure for digital asset trading and settlement The launch of Route28 and the value proposition for institutional customers The regulatory landscape and the path that Hidden Road has pursued for licensing across the world Institutional adoption in 2024 Further reading: Learn more about Hidden Road Learn more about Route28
Singapore's non-oil domestic exports contracted for the 11th straight month in August, falling by 20.1 per cent, with both electronics and non-electronics seeing a decline. Is this a worrying sign for the economy? And what is the outlook for the Chinese economy given last week's improved data? Investors are also looking ahead to an action-packed week that includes Federal Reserve and Bank of Japan meetings. Will the US Fed stand pat on further interest rate hikes? On Money in the Market, Hongbin Jeong speaks to Tareck Horchani, Head of Dealing, Prime Brokerage, Maybank Securities, to find out more.See omnystudio.com/listener for privacy information.
The US Federal Open Market Committee meeting this Wednesday is being closely watched, with a surge in crude oil prices likely to drive up inflation. This comes as the European Central Bank unexpectedly announced a tenth consecutive rate hike this week. Tareck Horchani, Head of Dealing, Prime Brokerage, Maybank Securities Singapore, breaks down what to pay attention to while making your investment decisions.
In today's episode, Managing Partner, Tim Whybourne caught up with Jack Neureuter from the Fidelity Digital asset team based out of Boston. They discussed everything from how he got started in the space, the level of institutional demand for Crypto, the investment case for Bitcoin and Ethereum and why they shouldn't be ignored to debunking some of the most common myths we hear about crypto assets.Jack Neureuter is a Senior Research Analyst for the Fidelity Digital Assets team. He spends his day-to-day researching, writing, and speaking with institutional clients about macroeconomics and the digital asset ecosystem that is emerging, hoping to help increase comfort levels and bridge the knowledge gaps that exist between traditional asset managers and the digital asset space.Prior to his current role, he spent time working on the curriculum team for the Chartered Alternative Investment Analyst Association (CAIA) and with Fidelity's Prime Brokerage team creating portfolio analytics tools for hedge fund investors. Jack graduated from the Honours College at the University of Massachusetts Amherst with a degree in finance and economics.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.
After a pause last month, the US Federal Reserve is largely expected to implement another interest rate hike later this week. And that's despite recent indications of slowing inflation. But will this be the final hike? And is recession no longer on the cards? To take a look at how markets are reacting at the moment ahead of this decision and how this will affect growth stocks including tech stocks, and to find out whether the S&P 500 is fully out of the bear market, on Money in the Market, Hongbin Jeong speaks to Tareck Horchani, Head of Dealing, Prime Brokerage, Maybank Securities. See omnystudio.com/listener for privacy information.
How has the alternative asset management space evolved in North America? Steve Banquier, Managing Director and Head of Prime Brokerage, TD Securities and David Santina, Managing Director, Equities Division and Head of U.S. Prime Services, TD Securities, share their views with host, Amy Van Arnhem, Managing Director and Head of Canada Senior Relationship Management, TD Securities as they offer a glimpse into the world of Prime Brokerage, and the value of offering best-in-class services to clients. With interest rates increasingly becoming volatile, how has the market shifted and what's required to become a differentiator? This podcast was recorded on June 8, 2023. For relevant disclosures, visit: tdsecurities.com/ca/en/tds-viewpoint-episode-20. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
Adam Blitz is the CEO and Chief Investment Officer of Evanston Capital Management, a $4.5 billion hedge fund of funds manager with a decade and a half of experience managing hedge fund portfolios. Adam joined Evanston at its inception in 2002 and leads investment research and portfolio management. Previously, he worked in the Prime Brokerage area and Asset Management Division of Goldman Sachs and served as head trader at AQR. Adam earned a B.S. in Economics at the Wharton School. Our conversation dives in the hedge fund category of investing, covering how a leading allocator in the space thinks about strategic asset allocation, portfolio construction, risk management, manager research, decision making, and monitoring managers. Adam's perspective on the evolution in how allocators perceive hedge funds and the resulting unattractiveness of the “average hedge fund” today resonate strongly with how I've viewed this widely discussed and recently scrutinized corner of the markets. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
Stay up to date with Bites Digital, the place to get news, interviews, and explainers on the Terra DeFi Crypto Ecosystem.
Brian Robinson is not your average banker. He's a partner at Goldman Sachs, runs the firm's Prime Brokerage sales force and leads the hedge fund client segment for equities, both for the Americas region, but he's also made a name for himself through his unconventional yet determined approach to career and leadership. In this episode, we'll take you on an interesting trip through Brian's mind. We'll talk about: What Prime Brokerage is and where it fits into Goldman Sach's business Why fund managers sometimes need support building a business Brian's framework for impacting clients Brian's 19 Cs for success in finance How Brian approaches building human yet performing teams Why you're not cool if you only work and why you need interests outside of Finance to make it More about our sponsor Fintalent.io: https://fintalent.io You can find all episodes of The Wall Street Lab Podcast on https://thewallstreetlab.com/ Check Out these Wall Street Oasis courses: Modeling Elite Modeling Package: https://il130.isrefer.com/go/TWSLElite/TWSL/ LBO Modeling Course: https://il130.isrefer.com/go/TWSLLBO/TWSL/ Real Estate Modeling Course: https://il130.isrefer.com/go/TWSLRE/TWSL/ Interview Prep Hedge Fund Interview Prep Course: https://il130.isrefer.com/go/TWSLHFInt/TWSL/ Investment Banking Interview Prep Course: https://il130.isrefer.com/go/TWSLIBint/TWSL/ Private Equity Interview Prep Course: https://il130.isrefer.com/go/TWSLPEint/TWSL/ VC & PE Venture Capital Course: https://il130.isrefer.com/go/TWSLVC/TWSL/ Private Equity Deals Process: https://il130.isrefer.com/go/TWSLPEDeals/TWSL/
“Purpose is the leading indicator of what the culture will be. Start with purpose and then look at how that trickles down into your daily activities, which becomes your culture.”Justin Konikow, Owner of Prime Brokerage, is on a mission to revolutionize his industry. He's well on his way, too, because he is crystal clear on his purpose, to be the most trusted name in real estate, and allows that core value to guide his decisions and company culture.In this episode, Justin discusses how he's established strong team connections through improved communication and shared principles. Along the way, you'll hear how he leverages personal and professional goal-setting and simple routines to achieve greater success. Listen in to hear his insights on cultivating a supportive, goal-oriented team environment through clarity and curiosity.In this episode, you'll learn:Start with a clear purpose and allow that to drive culture and decisionsPractice what you preach, execute on your promises, and stick to your core values to build an unshakeable cultureInsert yourself into unknown mentor's ecosystems and slowly find means of connecting with them to build a relationshipThings to Listen for: [01:20] Start with purpose[04:58] Building internal and external culture[08:10] Systemising processes to hire the right people[16:43] Focusing on the bigger picture[24:21] Having courageous conversations[29:28] How to build relationships with mentorsResources:Floyd CoachingThe Culture AssessmentMatthew Kelly's BooksFloyd Coaching's BlogConnect with the Guest:Justin's YouTube ChannelJustin's PodcastJustin's LinkedInConnect with the Host & Floyd Coaching:Kate Volman's LinkedInFloyd Coaching on LinkedInFloyd Consulting on FacebookFloyd Consulting on TwitterFloyd Consulting on YouTubeFloyd Consulting on Instagram
Join us this week as we attempt to navigate the stablecoin chaos with "Yevman" from SwapglobalWe discuss* Prime Brokerage in crypto* Crypto Swaps and who trades them*Tether Shorts *Counterparty and Exchange risksLinks* Listeners get 5% off parsec (promo code: parsec-pod)* https://swapglobal.com/disclosure: this is an educational podcast nothing said on here by hosts or guests is financial advice DYOR - on parsec preferably ;)
Ian is one of the Founders of Equals Group and previously held a number of senior banking roles, including at Morgan Stanley, where he worked from 1985 to 1992. Following this, Ian moved to UBS where he worked for 13 years as Managing Director and Global Head of Securities Borrowing & Lending, Fixed Income Repo and Prime Brokerage. Ian is a chartered accountant, qualifying with Arthur Andersen in 1985.Ian and Nick discuss Ian's career, the evolution of Equals Group and opportunities for the business going forward. Ian recommends Tom Clancy as a good read and also cryptic crosswords, preferring the The Times and The Telegraph This content is issued by Zeus Capital Limited (“Zeus”) (Incorporated in England & Wales No. 4417845), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (“FCA”) for designated investment business, (Reg No. 224621) and is a member firm of the London Stock Exchange. This content is for information purposes only and neither the information contained, nor the opinions expressed within, constitute or are to be construed as an offer or a solicitation of an offer to buy or sell the securities or other instruments mentioned in it. Zeus shall not be liable for any direct or indirect damages, including lost profits arising in any way from the information contained in this material. This material is for the use of intended recipients only.
In this episode, Wais shares his path working at Morgan Stanley, Goldman Sachs and JP Morgan for over 20 years. His path on Wall Street includes stints in prime brokerage and talent management. His unique perspective into Wall Street culture shows in his passion to help facilitate change and help solve attrition issues at the junior level. Learn what advice he has for students looking to break into the industry and what he thinks is the key element for success. Learn more about Wais here: https://www.xenculturesolutions.com/
Emmet Peppers is the founder of Good Soil Investment Management LLC (“Good Soil”) on the principle that an asset management company can benefit both its investors and society and Good Soil is the General Partner of Accelerated. Prior to founding Good Soil Investment Management, Emmet worked at Interactive Brokers, where he helped grow the Prime Brokerage and RIA businesses. He joined the company in 2006 in Client Services, then moved into institutional sales in 2010, becoming the firm's #1 US sales rep by 2019 as he brought on and serviced some of the firm's biggest institutional clients. Investing his own funds while working for Interactive Brokers, Emmet developed the investment philosophy which would become the foundation for Accelerated Opportunities. In a variety of transformational opportunities he had identified over the years, and using exchange-traded options to accelerate the performance of his portfolio, Emmet translated an initial investment of approximately $30,000 into well over $30 million. Timestamps. (0:00) Intro (1:51) Betting on Tesla (7:19) Is It good to diversify your portfolio? (12:56) Avoiding confirmation bias (19:46) The future of Tesla? Holding companies (24:48) Getting in a relationship with risk (37:57) Becoming a better investor (46:23) Compound interests (49:40) Retirement or financial independence? (1:04:21) Last notes of advice About Sean Kim: Sean is an entrepreneur, investor, and host of Growth Minds. He is currently the CEO of Jumpspeak: https://www.jumpspeak.com ✔ Subscribe on YouTube: http://bit.ly/38bZNAY ✔ Subscribe on Apple Podcast: https://buff.ly/2PycRL1 ✔ Subscribe on Spotify: https://bit.ly/growth-minds ✔ Subscribe on Google Podcast: https://buff.ly/2tua5hb ✔ Sponsor the podcast: http://bit.ly/growthsponsor Connect with me: ► Follow on Instagram: http://www.instagram.com/heyseankim ► Follow on Twitter: http://www.twitter.com/heyseankim ► Like on Facebook: http://www.facebook.com/seankim
George Melika is the Co-Founder and CEO of sFOX, a cryptocurrency prime brokerage backed by Social+Capital, Khosla Ventures, and Y Combinator. He is a fintech expert with over 20 years of software development experience building algorithmic, proprietary, and cryptocurrency trading platforms. Melika details his background as an engineer and how it led to his career in Bitcoin and crypto. He explains how his company, SFOX, aims to unify the fragmented crypto markets and establish a crypto prime brokerage. Melika then predicts what the future of crypto will look like in ten years. —————————————————————— Watch this video on YouTube: https://www.youtube.com/c/SALTTube/videos For podcast transcripts and show notes, visit https://www.salt.org/talks/about Moderated by Anthony Scaramucci. Developed, created and produced by SALT Venture Group, LLC. #SALT #SALTCrypto
Now Prime Brokerage is a very important term from the hedge fund world. So it would be good if you knew something about it. Let’s go!
On this show, I welcome Katrina Daminova, part of the Business Development team at Gemini. Gemini is one of the principal companies in the digital assets space with a very popular exchange and custody product for institutional investors. At Gemini, Katrina focuses on developing partnerships and servicing institutions. Her client base includes digital asset managers, crypto funds, hedge funds, market makers, fintech including neobanks, and others. Previously Katrina was head of product at Copper.io, a Custody and Prime Brokerage for Digital Assets.We dig into the details on Gemini's institutional offering, the opportunity in defi and how it may transform financial services as we know it. EnjoyGemini.com...Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter
Follow The Decrypt Daily Twitter: @decryptmedia Website: Decrypt.co Follow me on : Twitter: @MatthewDiemer IG: @MatthewADiemer FB Page: https://www.facebook.com/thedecryptdaily FB Group: https://www.facebook.com/groups/thedecryptdaily Email: MatthewAaron@Decrypt.co Matthew Diemer For Congress OH16 Diemerforcongress.com https://secure.actblue.com/donate/diemer-personal —————————————————————— Billionaire Entrepreneur Mark Cuban Invests in Ethereum Scaling Solution https://decrypt.co/71979/billionaire-entrepreneur-mark-cuban-invests-ethereum-scaling-solution US Agencies In ‘Sprint’ to Align on Bitcoin Regulations https://decrypt.co/71975/us-agencies-sprint-align-on-bitcoin-regulations UK Regulator Forces Removal of Crypto Exchange's Bitcoin Ads in London https://decrypt.co/71964/uk-regulator-forces-removal-crypto-exchanges-bitcoin-ads-london Iran Bans Bitcoin Mining to Avoid Summer Power Blackouts https://decrypt.co/71957/iran-bans-bitcoin-mining-avoid-summer-power-blackouts GameStop Hints at New NFT Project on Ethereum https://decrypt.co/71956/gamestop-hints-new-nft-project-ethereum Coinbase Launches New Version of Prime Brokerage in Bid to Diversify Revenue https://decrypt.co/71867/coinbase-launches-new-version-of-prime-brokerage-in-bid-to-diversify-revenue Apple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post —————————————————————— Music: Say Good Night by Joakim Karud https://soundcloud.com/joakimkarud Creative Commons — Attribution-ShareAlike 3.0 Unported— CC BY-SA 3.0 Free Download / Stream: http://bit.ly/2RzhBOn Music promoted by Audio Library https://youtu.be/SZkVShypKgM Track: Future Disco — Vendredi [Audio Library Release] Music provided by Audio Library Plus Watch: https://youtu.be/zW2bU3ZnL9Q Free Download / Stream: https://alplus.io/future-disco Here comes the money https://www.youtube.com/watch?v=o0ZpesMYF6A https://www.youtube.com/watch?v=n695sgmV3EQ —————————————————————— Financial Disclosure: Matthew Aaron is a holder of cryptocurrencies, digital assets, and other stocks. *** this is not financial or legal advice*** © Copyright 2021 Matthew Aaron Podcasts LLC All Rights Reserved
Follow The Decrypt Daily Twitter: @decryptmedia Website: Decrypt.co Follow me on : Twitter: @MatthewDiemer IG: @MatthewADiemer FB Page: https://www.facebook.com/thedecryptdaily FB Group: https://www.facebook.com/groups/thedecryptdaily Email: MatthewAaron@Decrypt.co Matthew Diemer For Congress OH16 Diemerforcongress.com https://secure.actblue.com/donate/diemer-personal —————————————————————— Billionaire Entrepreneur Mark Cuban Invests in Ethereum Scaling Solution https://decrypt.co/71979/billionaire-entrepreneur-mark-cuban-invests-ethereum-scaling-solution US Agencies In ‘Sprint’ to Align on Bitcoin Regulations https://decrypt.co/71975/us-agencies-sprint-align-on-bitcoin-regulations UK Regulator Forces Removal of Crypto Exchange's Bitcoin Ads in London https://decrypt.co/71964/uk-regulator-forces-removal-crypto-exchanges-bitcoin-ads-london Iran Bans Bitcoin Mining to Avoid Summer Power Blackouts https://decrypt.co/71957/iran-bans-bitcoin-mining-avoid-summer-power-blackouts GameStop Hints at New NFT Project on Ethereum https://decrypt.co/71956/gamestop-hints-new-nft-project-ethereum Coinbase Launches New Version of Prime Brokerage in Bid to Diversify Revenue https://decrypt.co/71867/coinbase-launches-new-version-of-prime-brokerage-in-bid-to-diversify-revenue Apple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post —————————————————————— Music: Say Good Night by Joakim Karud https://soundcloud.com/joakimkarud Creative Commons — Attribution-ShareAlike 3.0 Unported— CC BY-SA 3.0 Free Download / Stream: http://bit.ly/2RzhBOn Music promoted by Audio Library https://youtu.be/SZkVShypKgM Track: Future Disco — Vendredi [Audio Library Release] Music provided by Audio Library Plus Watch: https://youtu.be/zW2bU3ZnL9Q Free Download / Stream: https://alplus.io/future-disco Here comes the money https://www.youtube.com/watch?v=o0ZpesMYF6A https://www.youtube.com/watch?v=n695sgmV3EQ —————————————————————— Financial Disclosure: Matthew Aaron is a holder of cryptocurrencies, digital assets, and other stocks. *** this is not financial or legal advice*** © Copyright 2021 Matthew Aaron Podcasts LLC All Rights Reserved
In a key move towards fulfilling the vision of prime brokerage status Galaxy Digital, the cryptocurrency-focused financial services firm run by Michael Novogratz, has agreed to buy BitGo, the U.S.-regulated crypto custody specialist, for $1.2 billion in stock and cash. (Source: CoinDesk) Source Article: https://www.coindesk.com/galaxy-digital-to-buy-bitgo-for-about-1-2-billion-in-stock-cash --- Native Assets is a blockchain firm specializing in educational seminars, detailed research, indusutry analysis & corporate advising. Our mission? To empower you with the knowledge & insights to navigate + flourish in the new digital era - the blockchain era. --- Become A Student https://www.nativeassets.co/foundatations Join Our Private Network https://www.nativeassets.co/privatenetwork Connect With Us https://www.linkedin.com/company/nativeassets/ Become An Affiliate https://www.nativeassets.co/Affiliate For More Visit https://www.nativeassets.co/ --- Send in a voice message: https://anchor.fm/nativeassets/message
Welcome to Season 8 of RPW. This podcast covers the disaster around the collapse of Archego that prompted several banks to declare multi-billion-dollar losses. We introduce that listener to Prime Brokerage and its derivative version Total Return Swap and rekindles the podcast's love (or hate) affair with big piggies. --- Send in a voice message: https://anchor.fm/riskpearlswisdom/message
//Coinscrum Markets Ep038 Segment - Market Spotlight with Prabhakar Reddy, Co-Founder, FalconX //Segment Overview:: As market infrastructure for trading digital assets, aggregation & Prime Brokerage platforms such as FalconX are able to glean useful insights as to how different market participants are interacting with different instruments across various jurisdictions. //Read on Coinscrum Website www.coinscrum.com or watch the video version on our Youtube Channel. //Follow our Social Media:: www.linkedin.com/company/coinscrum www.twitter.com/coinscrum www.facebook.com/Coinscrum //Join our Facebook Community:: https://www.facebook.com/groups/Coinscrum //Our sponsors:: Buy & HODL BTC/ETH/LTC/XRP on Luno - http://www.coinscrum.com/luno-exchange/ Earn up to 8% interest with Blockfi - http://www.coinscrum.com/blockfi-earn-interest/ Analyse on-chain data at ByteTree - http://www.coinscrum.com/bytetree-terminal/ Get a Custodian Wallet at Trustology - http://www.coinscrum.com/custodian-wallet
Dale Favors has over 26 years of sales and sales leadership experience, working with firms such as Morgan Stanley, Bloomberg, Royal Bank of Canada, and Thomson Reuters. He is an experienced leader and passionate sales professional with a demonstrated history of managing teams in the financial services and financial technology industry. One of Dale's valuable assets is his ability to bring people and/or businesses together for the purpose of creating revenue opportunities. He is a skilled communicator and business coach with expertise in Leadership, Demand Generation, Strategic Planning, Asset Management, Electronic Trade Execution, Prime Brokerage, Investment Advisory, Relationship Management. Listen in as Dale connects with Lou about financial services, consulting, connecting, sales....and their moms. ** CONNECT TO LOU DIAMOND & THRIVE LOUD
At a. price of $53,680, Bitcoin will become a trillion dollar asset. Tesla's $1.5 billion Bitcoin treasury investment is now worth $2,101,877,154 USD up 40.1%. If you had invested your $1,200 US stimulus check in BTC it would now be worth $8876 up 639%. Deutsche Bank quietly plans to offer Crypto Custody and Prime Brokerage services. A clear cryptocurrency regulatory regime is urgently needed as major companies like Tesla Inc, BNY Mellon Corp and Mastercard Inc embrace the alternative asset class, top Securities and Exchange Commission (SEC) official Hester Peirce said. Nigeria's SEC suspends planned crypto regulations amid central bank ban.
Welcome to Finance and Fury. In this episode, we are going to look at some of the potential fallouts from the GameStop saga – looking at market disruptions, market integrity and the ongoing implications of potential regulation changes If you want an overview of this – check out last Mondays episode. But in short - Gamers are good at playing games – when they know the rules The rules of the financial game are starting to be more understood by people online - Some people on reddit were paying attention to the Form 13F filings in the US for hedge funds – have to be lodged each quarter– saw that GME was heavily shorted by a few funds, The one firm that received the most attention, Melvin Capital had heavy short positions The price of GME has come back down a fair bit from its high point last week, was sitting at around $60 on Friday last week – but there was a gradual increase from around $18 at the start of Jan to around the last week of Jan – when the price started to sky rocket – went up over $400 – triggered a short squeeze where funds were trying to get out of their short positions by buying back the shares – but there either went enough shares, pushing prices up further or you had to accept a massive loss Even buying the shares back at $60 would still result in a big loss – most got into the short positions between $4 and $10 There are some estimates – hard to get a total for all the funds that lost money – but Losses total losses were estimated to be around $70bn from short positions within the hedge fund community – Melvin Capital lost around $13bn of their capital – loss of around 53% in the fund So in this episode – I want to go through the nature of this market disruption, and the greater implications of this – from the market integrity point of view as well as potential regulatory responses To start with – discuss the nature of Market disruptions – through innovations One view that I have about this whole saga is that the disruptions are due to innovations – both human and technological It is a bit of a paradigm shift – humans are adaptive creatures – if a group of online investors managed to push up the price of a company, where some made some decent money, while causing massive losses to institutions, what is to stop this from happening again? When looking at the evolution of humans and technology, it can help to paint a picture of what may happen next in financial markets – the basic trend occurs as follows: Disruptive companies or trends start- normally start small or at the low end of a market – these start out with a focused/niche group Existing powers that be (companies or groups in the social dynamic) ignore this new competition – mainly because it is small – so either poses no threat to the loss of customers or there aren’t enough people to affect change Over time successful trends or disruptor climb the value chain – with companies, they offering better products and services, with social groups, it also provides value – community or prestige Eventually – these disruptors grow to a point of being legitimate competition - the existing powers that be either fail or adopt the disruptor’s models, and the whole cycle starts over again Much more to this cycle – but when viewing the recent rise in retail trading through this model – it is following a pretty classic disruption model The emerging disruptive trend in markets – coming from retail investors in combination with technology – have access to low/no cost trading platforms as well as chat sites/social media that binds them together – so they can move trades as one They have been overlooked by the powers that be – relatively small -but when taken at the aggregate level, especially now with stimulus checks coming in – they each have an additional $2k ($1,400 more coming on top of the initial $600) As a group – the common knowledge of gambling and gaming is relatively strong Therefore, it is pretty easy to assume that this style of behaviour will grow and have further influence on financial markets The big lesson about disruption – is that once the ball gets going, it rarely stops – unless diverted – which is where ‘market integrity’ will come into this - If this does continue – what are the risks of short squeeze a large credit shock can traverse through the market - how can last few weeks squeeze activity affects the rest of the (institutional) market? It all comes down to the leveraged nature of trades Aside from a broker/hedge fund not being able to meet margins calls or close out a position - most of the hedge fund industry is financed – in doing so, its beta is close to 1 from their net exposure x leverage In other works - if your (long-short) exposure is just 10% of gross values but you are levered 10x then your ultimate NAV beta is still about 1 Trouble is - even the largest brokers will only allocate so much 'regulatory capital' towards Prime Brokerage; after which they will raise the cost of financing Morgan Stanley and Goldman (the two largest shops in the space) are in a much, much better position than in 2008 - but when more stocks get squeezed, they will raise financing costs to allocate precious capital - they will cap risk to the hedge fund and new trades will become impossible to put on if gross positions exposure exceeds risk adjusted limit If this were to cascade – hedge funds need to cover their position – through selling up long positions to cover the short ones - the first thing sold is the highest P/E (likely highest beta / momentum factor risk) exposure Now – Melvin was a pretty small fund in the scheme of things – but if a fund 10x the size of Melvin was to find themselves in this position – things could become worse – losing 53% of their capital in one trade, then follows the redemptions from existing investors - If these were to cascade, then the Fed will have to step in, and call the prime brokers and relax regulatory standards Things are heating up - the most heavily-shorted stocks have risen by 98% in the past three months, outstripping major short squeezes in 2000 and 2009 US equity long/short fund returned -7% this week and has returned -6% YTD. Over the past few decades there have been a number of short squeezes in the US equity market – what is different this time is that it has been an extreme case in a few specific companies In the last three months – when looking at a basket of top 50 shares with market caps above $1 billion and the largest short interest as a share of float in the Russell 3000 index – these companies have rallied by 98% - This week the basket’s trailing 5-, 10-, and 21-day returns registered as the largest on record. most shorted stocks took place even though aggregate short interest was near a record low – this is different as well because historically, "major short squeezes have typically taken place as aggregate short interest declined from elevated levels In contrast, the recent short squeeze has been driven by concentrated short positions in smaller companies, many of which had lagged dramatically and were perceived by most investors to be in secular decline" Bankers at Goldman sacs believe this could be an issue – one stated "this week demonstrated that unsustainable excess in one small part of the market has the potential to tip a row of dominoes and create broader turmoil." They went on to say "the retail trading boom can continue" as "an abundance of US household cash should continue to fuel the trading boom" with more than 50% of the $5 trillion in money market mutual funds owned by households and is $1 trillion greater than before the pandemic, what happens in the coming week - i.e., if the short squeeze persists - could have profound implications for the future of capital markets This is where we come back to the concept of market integrity and systemic risks– which regulators are meant to be responsible for What is market integrity? Well, it is one of the main objectives of securities regulators – in the US, the SEC, in Australia, ASIC - a rough definition it to protect the integrity or fairness of the markets This, together with protecting investors, improving the efficiency of markets, and protecting the markets from systemic risk, form the four fundamental goals of securities regulation Such narrow definitions of market integrity conceptually link it to market efficiency - in that a market of high integrity should also be efficient because prices will reflect their fundamental value – there are a few definitions Michael Aitken has defined market integrity, in part, as “the extent to which market participants engage in prohibited trading behaviours.” Hersh Shefrin and Meir Statman (1) freedom from coercion (people enter transactions voluntarily and are not coerced into or prevented from entering transactions); (2) freedom from misrepresentation (people are entitled to rely on information which is disclosed); (3) information (people are entitled to equal access to a particular set of information); (5) freedom from impulse (people are protected from possible imperfect decisions); (6) efficient prices (people are entitled to prices that they perceive to be efficient in that intervention is permitted to correct imbalances); and (7) equal bargaining power (people have equal power in negotiations leading to transactions). Here is where things can get murky – who defines what fair/efficient prices should be? What is an efficient price? Sure, GME at over $400 isn’t an efficient price, but are Afterpay or Tesla trading at their efficient price? What about freedom from impulse? To implement this, this could be what Robinhood did, limit/restrict buys – not letting people buy companies based around what is determined impulse The next element is regulators protecting the market from Systemic risk is the possibility that an event at the company level could trigger severe instability or collapse an entire industry or economy These definitions, or rules are contradictory – regulators have four major functions - protecting market integrity, protecting investors, improving the efficiency of markets, and protecting the markets from systemic risk Based around protecting investors, this could mean the limitation of investors rights – the banning of the trades in a company should be something that the SEC should look into – reduces the integrity and efficiency and competitiveness of a market – stacks everything on one side The issue with the regulations is that it is based on projections from one side – the financial systems – i.e. hedge funds and politicians – to help protect from this happening again, they may restrict the free market When looking at the options for Regulations – it may be as simple as tech censorship – discord banned WSB for a short time – may see the pressure of the Government on either trading firms or social media sites to reduce the coordination of traders One of the more likely outcomes will be that there will be some Scapegoats to scare the public from doing this again – already found one or two – similar to what happened in the US back in 2010 – what can get them is that some of these people on reddit trading have securities licences in the US they will once again find a small-time trader to scapegoat, regardless of whether their actions actually had a major impact on the market volatility in question Still an ongoing issue – but time will tell how this plays out – it may turn out that nothing may come from this – at the very least, the US/SEC/Regulators and committee members like Maxine Walters may just get a few scape goats from this movement fined/banned from trading or jailed – But if the trend continues of retail traders buying shares and shorting – further action may be deemed necessary by governments/regulators – to protect market integrity as they see it Whatever the governmental response is – it will take a while to legislate – maybe a few years – but if a market crash occurs out of this – the blame will be placed on redditors – not the short sellers or the people betting against a share with other peoples money – just those going long with their own money Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/
这集节目邀请了Altonomy的5位联合创始人中的Bo Dong和Ricky Li参加。 Altonomy是一家加密货币和数字资产的交易、咨询和资产管理公司。该公司的业务范围包括OTC交易和执行服务,流动性管理和咨询,以及机构云挖矿服务。并非所有CeFi机构都能从一开始就发现DeFi的启动。然而,正如Altonomy 的首席执行官Bo Dong所说,“ Altonomy是深深扎根于加密原生社区的加密金融服务提供商”,Altonomy抓住了整个Defi浪潮。该公司还将去中心化金融研究作为其核心战略的一部分,并一直积极以各种方式参与早期DeFi项目。我们还讨论了当前基础架构和现有Defi协议的一些瓶颈。基于他们以前作为专业大宗商品交易员的经验,两位嘉宾也分享了他们对加密原生金融,包括中心化交易所和券商等,未来的前景和期望。随着DeFi变得越来越专业化,这一集的讨论是具有前瞻性和启发性的。Altonomy 官网: https://www.altonomy.com/Altonomy的推特: https://twitter.com/altonomy 更多信息,请移步官网https://multicoin.capital/zh重要声明:Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法,并不代表Multicoin Capital官方的观点。此播客仅用于提供信息,不作为投资参考。Multicoin Capital有时可能会在此节目中讨论的某些代币或公司中持有头寸。 This episode featured 2 of the 5 co-founders of Altonomy, Bo Dong and Ricky Li. Altonomy is a trading, advisory and asset management firm specializing in cryptocurrency and digital assets. The company's business lines include OTC trading and execution services, liquidity management and advisory, as well as institutional cloud mining services. Not all the CeFi institutions were able to catch DeFi from the beginning. Yet, as the CEO of Altonomy Bo Dong put it, "Altonomy is a crypto financial service provider that is deeply rooted in the crypto native community", Altonomy was able to capture the whole wave of Defi. The company also takes the research of decentralized finance as part of its core strategy, and has been actively participate in all the early stage DeFi projects. We also got to discuss some of the bottlenecks of the current infrastructure and the existing Defi protocols. The two guests, based on their former experience as professional commodities traders, shared their prospects and expectations about the future of crypto native finance, including their views on the existing exchanges and prime brokerages. As DeFi becomes more and more professionalized, this episode of discussion is a forward-looking and inspirational one. Altonomy's Website: https://www.altonomy.com/Altonomy's twitter account: https://twitter.com/altonomy For more information about Multicoin Capital, please visit https://multicoin.capital/. Important Disclaimers: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion and do not represent the opinions of Multicoin Capital in any way. This podcast is for informational purposes only and should not be construed as investment advice. Multicoin Capital may hold positions in some of the tokens and/or companies discussed on this show.
Rosario Ingargiola, CEO of BOSONIC, discusses blending blockchain and traditional trading technologies and creating brand new prime brokerage infrastructure to eliminate clearing and settlement risk with digital assets. Rosario offers his opinions on crypto going mainstream, the state of crypto custody solutions, and what he thinks the next big thing in crypto will be. Host John Collins (@JohnCollins) is a partner at FS Vector, a Washington, D.C. based fintech advisory firm. Visit fsvector.com for more information. This episode was engineered by Max Nordby at Astroligator.
Matt and Nic cover deals and news of the week. Repeat guest Zachary Kelman joins the show to give his view of the FinCEN files and how the crypto industry should interpret the revelations. In this episode: How fees affect DeFi liquidity and the price of ETH Braintrust raises $18m Bitnomial raises an $11m Series B Arthur Hayes and Sam Reed step down from their roles at 100x Despite everything, Bitmex is still operational BitMEX keeps processing withdrawals India's legislature turns hostile to Bitcoin Square buys $50m worth of BTC to hold on its balance sheet The difference in the rationale between Microstrategy and Square for their Bitcoin positions John MacAfee is arrested in Spain for tax evasion Ripple complains that the US is an unfavorable regulatory environment The latest on the Ripple class action suit The Chamber of Digital Commerce gives congresspeople $50 worth of USA-mined Bitcoin The DOJ publishes a Cryptocurrency Enforcement Framework Zach Kelman on how Bitcoin enthusiasts should be thinking about the FinCEN files Silvergate crosses $100b transacted through the SEN Content mentioned in this episode: Peter Van Valkenburgh, There Is No Such Thing as a Decentralized Exchange Fidelity Digital Assets, The Role of Prime Brokerage in Digital Assets Nic on Medium, Public blockchain fee cyclicality and negative feedback loops Forbes, How Cathie Wood Beat Wall Street By Betting Tesla Is Worth More Than $1 Trillion
Chris and Raena are the co-founders and married couple behind Style Theory - Southeast Asia's largest fashion subscription rental platform, where for a monthly fee, you can rent clothes and designer bags and get access to an unlimited closet. Style Theory was founded just 4 years ago in 2016 and has since expanded beyond Singapore into Indonesia and Hong Kong. To support its growth, the company is venture backed and just closed its Series B in 2019. Before starting Style Theory, Chris started his career as a management consultant at Bain & Co, and Raena worked at Goldman Sachs in the Prime Brokerage division. In this episode they share - (i) Why they left their corporate careers to start Style Theory (ii) How they tested demand for their product at the beginning and what their minimum viable product (MVP) looked like (iii) How they built a business in fashion with no prior experience or connections to the fashion world (iv) How the fundraising process works in Southeast Asia (v) How they went about hiring and in particular what they did when they didn't have a CTO (Chief Technology Officer) at the beginning (vi) What it's like working together as a married couple (vii) And many more… You can find out more about Style Theory at https://www.styletheory.co/ —- If you're feeling unhappy with your corporate job and looking for some guidance, you can find me on - (i) Instagram @ongjennifer_ (ii) LinkedIn (iii) Or download my free guide to finding your passion here. (iv) Want to work with me 1:1? Sign up for a FREE discovery call to learn more about my career coaching program here.
Raghu joins me on Base Layer and it's a fantastic overview of the infrastructure of the capital markets in Digital Assets. Raghu tells a story of his beginnings which include being brought in by Sundar Pichai, CEO of Alphabet to help with Chrome OS and more. He then found his way into Digital Assets and experienced the pitfalls of Digital Asset market fragmentation firsthand while trading his own strategies. His new team identified market structure issues including complex inventory management, price discovery, and unreliable market data. You learn how they are doing what they are doing, the different aspects like Prime Brokerage, Lending and the maturation of Digital Asset capital markets. So much to learn here!
Saadia Mujeeb leads 4 global teams at NatWest Markets specializing in Hedge Funds, Mutual and Pension Funds, Prime Brokerage and Counterparty Clearing Houses. The Senior Risk Approver for structured transactions, new business initiatives for Markets, PB, Clearing and the Structured Lending Franchise, she is recognized for pragmatic decision-making during tough complex negotiations, effective stakeholder management and commercial judgement. She founded and co-chairs the 100 Women in Finance Peer Risk Advisory Group in London. Points of Interest 03:34 Building Teams 06:27 Career Journey Success 07:58 Passion for Giving Back 09:22 Hot Topics: Crypto Currency, Climate Risk, Diversity 11:05 Hedge Fund Credit Risk 14:26 Role of Head of Credit Risk 16:37 Key Lessons From the Credit Crisis: Teamwork, Early Warning Signals, Data Overload 18:52 Future Landscape: Counterparty Clearing Houses, Robotics & AI 22:29 Rants & Revelations 23:26 Rapid Fire Round Get transcript and more on our website >
Join us as we chat with Marc and Kevin from Tagomi. Key takeaways: Executing large orders of digital assets is hard and Tagomi makes it simple by automating best execution and settlement; For crypto to mature into a credible asset class, infrastructure like Tagomi is critical to making trading, settlement, and custody more professional and institutional; Tagomi has an exciting product roadmap, including adding more tokens, integrating more exchanges, and adding more financial features.
Harry Jho is the founder of the law firm, Harry Jho LLC, and Sockeye Media. His law firm focuses on OTC derivatives, Prime Brokerage, and Securities Finance. Harry not only grew his law firm successfully but also started a media company that has won 4 Emmy awards, has millions of subscribers and billions of views on Youtube, and distributed on Netflix, Amazon, and PBS stations nationwide. Sockeye Media produces the Mother Goose Club, one of YouTube's most successful channels for children. It’s hard enough to start one company but Harry started and grew two companies successfully, and none of it was actually planned. It was a series of random incidents punctuated by things seriously not working out that pushed him into a completely different direction and led him to start both companies. He talks about how the control we think we have over our lives is actually an illusion, and how he dived into life’s uncertainties, chose to face the risks instead of avoiding them, and eventually built two successful companies.
Carol broadcasts from BNY Mellon Insite 2018 in Orlando and he speaks to Jim Crowley, Chief Operating Officer at Pershing, on investing for future success. Jim McKelvey, Co-Founder at Square, talks about bliss and innovation. Mark Tibergien, CEO at Pershing Advisor Solutions, shares his work on financial literacy. Tom Sholes, Chief Strategy Officer at Pershing, discusses financial solutions and delivering a better advisor experience. Mark Aldoroty, Head of Prime Brokerage at Pershing, explains why to invest in alternatives. Charles Scharf, Chief Executive Officer of BNY Mellon, talks about what's important to watch in technology. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Carol broadcasts from BNY Mellon Insite 2018 in Orlando and he speaks to Jim Crowley, Chief Operating Officer at Pershing, on investing for future success. Jim McKelvey, Co-Founder at Square, talks about bliss and innovation. Mark Tibergien, CEO at Pershing Advisor Solutions, shares his work on financial literacy. Tom Sholes, Chief Strategy Officer at Pershing, discusses financial solutions and delivering a better advisor experience. Mark Aldoroty, Head of Prime Brokerage at Pershing, explains why to invest in alternatives. Charles Scharf, Chief Executive Officer of BNY Mellon, talks about what's important to watch in technology.
Adam Blitz is the CEO and Chief Investment Officer of Evanston Capital Management, a $4.5 billion hedge fund of funds manager with a decade and a half of experience managing hedge fund portfolios. Adam joined Evanston at its inception in 2002 and leads investment research and portfolio management. Previously, he worked in the Prime Brokerage area and Asset Management Division of Goldman Sachs and served as head trader at AQR. Adam earned a B.S. in Economics at the Wharton School. Our conversation dives in the hedge fund category of investing, covering how a leading allocator in the space thinks about strategic asset allocation, portfolio construction, risk management, manager research, decision making, and monitoring managers. Adam’s perspective on the evolution in how allocators perceive hedge funds and the resulting unattractiveness of the “average hedge fund” today resonate strongly with how I’ve viewed this widely discussed and recently scrutinized corner of the markets. For more episodes, go to capitalallocatorspodcast.com/podcast Follow Ted on twitter at @tseides
Ian Strafford-Taylor CEO of FairFX plc discusses exclusively the reasoning behind their new TV advertising campaign with #SKY Sports #F1 and any further advertising plans. #FAIRFX Plc is based in the City of London and provides you with the best value Travel Money around. They offer a great service using state of the art technology and by cutting out the middle man. To buy your Travel Money, you simply buy online (using any Debit Card or Credit Card or by internet bank transfer) and then tell us how you want to get your currency. Mr. Strafford-Taylor is one of the Founders and has been a Director since 2007. Mr Strafford- Taylor has held a number of senior banking roles, including Business Unit Controller and Head of International Securities Lending at Morgan Stanley, where he worked from 1985 to 1992. Following this, Mr. Strafford-Taylor moved to UBS where he worked for 13 years as Managing Director and Global Head of Securities Borrowing & Lending, Fixed Income Repo and Prime Brokerage. Mr. Strafford-Taylor is a chartered accountant, qualifying with Arthur Andersen in 1985. For more #stock #shares and #investing #news and #interviews visit: http://www.directorstalk.com
Ian Strafford-Taylor CEO #FairFX plc chats about increased revenues and expectations. Mr. Strafford-Taylor is one of the Founders and has been a Director since 2007. Mr Strafford- Taylor has held a number of senior banking roles, including Business Unit Controller and Head of International Securities Lending at Morgan Stanley, where he worked from 1985 to 1992. Following this, Mr. Strafford-Taylor moved to UBS where he worked for 13 years as Managing Director and Global Head of Securities Borrowing & Lending, Fixed Income Repo and Prime Brokerage. Mr. Strafford-Taylor is a chartered accountant, qualifying with Arthur Andersen in 1985. #investments #business #money #LSE #stock #traders #money #currency #trading #financial For more news and interviews visit: http://www.directorstalk.com/