Podcasts about tradeweb

Welcome back to the Alt Goes Mainstream podcast.Today's guest is an expert in financial services and capital markets who has experience as both a strategic investor and a VC.We welcome Rana Yared, a General Partner at Balderton, where she co-leads their Growth Fund. She came to Balderton in 2020 from across the pond, where she was a Partner at Goldman Sachs, first in the Principal Strategic Investments Group, a balance sheet investing team, and later in GS Growth, when the group became part of the GS Growth efforts that began to take in outside LP capital. At Goldman, Rana oversaw investments in Financial Technology and Enterprise Technology as well as the commercialization of Goldman's technology assets in both NYC and London. She represented Goldman on the boards of Tradeweb, NAV, Vestwell, New York Shipping Exchange, and Swapclear @ LCH. She currently serves on the board of Tradeweb in an independent capacity.Coming off of a fundraise of $1.3B in new capital across early and growth stage funds at Balderton, Rana and I discussed what LPs were interested in and why Europe is a compelling investment ecosystem. We had a fascinating discussion about:Revolutionary and evolutionary innovations in financial services and private markets, including the likes of iCapital, Tradeweb, Revolut.Why global tech companies can be built in Europe, with Revolut, a Balderton portfolio company, as an example.Why London and Europe are compelling fintech and financial services ecosystems.How LPs should look at the European investment opportunity.Differences and benefits / drawbacks of being a strategic / permanent capital investor versus being an independent VC fund.The importance of being a risk manager in venture.Thanks Rana for coming on the show to share your wisdom and views on Europe, venture, and private markets. We hope you enjoy.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Show Notes00:00 Introduction and Ultimus Sponsor Message01:59 Introducing Balderton Capital Partner, Rana Yared04:16 Rana's Journey from Goldman Sachs to Balderton04:25 Transition from Investment Banking to VC06:26 Insights on Financial Services and Market Structure06:37 Investing in Market Structure09:05 Disruptive vs. Evolutionary Innovations in Fintech12:53 Partnering with Incumbents14:31 The Importance of Durability and Product Velocity18:11 Strategic Investing vs. Venture Capital21:21 Investing in the European Ecosystem27:06 The Exciting Potential of Revolut and European FinTech27:21 FinTech Giants in Germany27:54 European Companies' International Advantage28:55 Investor's Perspective on European Expansion29:48 The Role of Venture Capital in Europe29:22 Challenges and Strategies for European Investors30:20 The Importance of Local Presence30:55 The Future of European Ecosystems31:28 US VCs Entering Europe32:15 Bridging the Talent Gap34:02 Mentorship and Expertise35:52 The Role of LPs and European Investment Opportunities37:23 Challenges for European Pensions and Endowments38:49 Innovations in Fund Structures41:27 The Impact of Governmental Participation in Venture42:22 Exciting Opportunities in European Venture43:10 FinTech's Massive Potential43:59 Europe's Unique Financial Services Advantages44:53 Geopolitical Concerns for Investors45:51 Lessons from War Studies Applied to Investing47:11 The Future of Retirement Investments in Europe49:13 The Importance of Patience in Investing

Alissa Coram and Ed Carson analyze Tuesday's market action and discuss key stocks to watch on Stock Market Today.

All eyes were on the Fed in the first half of 2024, but with core PCE holding steady and no rate cuts, how did the other parts of the economy and the markets fare? In this midyear episode, Schwab experts look ahead to the second half of 2024 to consider what investors might expect from the U.S. stock market, the global markets, and policy and politics in Washington D.C.First, Liz Ann Sonders and Kevin Gordon discuss the current trends and bifurcations in the equity market. They highlight the significant spread between large-cap and small-cap performance, with the S&P 500® outperforming the Russell 2000. They also discuss the divergence within large-cap stocks, particularly in the growth trio of tech, communication services, and consumer discretionary sectors. The conversation emphasizes the concentration of performance in a small number of major drivers, such as Nvidia, Microsoft, Meta, and Amazon. They also touch on the bifurcation between index-level gains and weaker member-level performance in the NASDAQ. The conversation concludes by noting the relationship between market bifurcations and broader economic trends.Next, Liz Ann interviews Jeffrey Kleintop, Schwab's chief global strategist. Their conversation covers the global economic outlook, China's market performance, central bank policy, geopolitical risk, election risks, and asset allocation. Jeff discusses the recovery in the global manufacturing sector, China's stock market performance, central bank rate cuts, geopolitical developments, and the importance of international diversification.Finally, Kathy Jones interviews Mike Townsend, Schwab's managing director of legislative and regulatory affairs and the host of the WashingtonWise podcast. They discuss the legislative agenda for the second half of the year, the upcoming presidential election, the regulatory agenda, and the battle for control of Congress. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Small cap investments are subject to greater volatility than those in other asset categories. International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market.Rebalancing does not protect against losses or guarantee that an investor's goal will be met. Rebalancing may cause investors to incur transaction costs and, when a non-retirement account is rebalanced, taxable events may be created that may affect your tax liability.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, may be illiquid, and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.Digital currencies such as bitcoin are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.Schwab does not recommend the use of technical analysis as a sole means of investment research.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.Apple, the Apple logo, iPad, iPhone, and Apple Podcasts are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.Spotify and the Spotify logo are registered trademarks of Spotify AB.The Global Manufacturing Purchasing Managers Index (PMI) is a survey-based indicator of the economic health of the global manufacturing sector. The PMI index includes the major indicators of: new orders, inventory levels, production, supplier deliveries and the employment environment.The MSCI EAFE Equal Weighted Index includes the same constituents as the MSCI EAFE Index (large and mid-cap securities from Developed Markets countries around the world excluding the US and Canada), with an alternative weighting scheme where at each quarterly rebalance date, all index constituents are weighted equally.London Stock Exchange Group plc (LSEG) is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.(0624-8NYZ)

All eyes were on the Fed in the first half of 2024, but with core PCE holding steady and no rate cuts, how did the other parts of the economy and the markets fare? In this midyear episode, Schwab experts look ahead to the second half of 2024 to consider what investors might expect from the U.S. stock market, the global markets, and policy and politics in Washington D.C.First, Liz Ann Sonders and Kevin Gordon discuss the current trends and bifurcations in the equity market. They highlight the significant spread between large-cap and small-cap performance, with the S&P 500® outperforming the Russell 2000. They also discuss the divergence within large-cap stocks, particularly in the growth trio of tech, communication services, and consumer discretionary sectors. The conversation emphasizes the concentration of performance in a small number of major drivers, such as Nvidia, Microsoft, Meta, and Amazon. They also touch on the bifurcation between index-level gains and weaker member-level performance in the NASDAQ. The conversation concludes by noting the relationship between market bifurcations and broader economic trends.Next, Liz Ann interviews Jeffrey Kleintop, Schwab's chief global strategist. Their conversation covers the global economic outlook, China's market performance, central bank policy, geopolitical risk, election risks, and asset allocation. Jeff discusses the recovery in the global manufacturing sector, China's stock market performance, central bank rate cuts, geopolitical developments, and the importance of international diversification.Finally, Kathy Jones interviews Mike Townsend, Schwab's managing director of legislative and regulatory affairs and the host of the WashingtonWisepodcast. They discuss the legislative agenda for the second half of the year, the upcoming presidential election, the regulatory agenda, and the battle for control of Congress. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Small cap investments are subject to greater volatility than those in other asset categories. International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market.Rebalancing does not protect against losses or guarantee that an investor's goal will be met. Rebalancing may cause investors to incur transaction costs and, when a non-retirement account is rebalanced, taxable events may be created that may affect your tax liability.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, may be illiquid, and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.Digital currencies such as bitcoin are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.Schwab does not recommend the use of technical analysis as a sole means of investment research.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.Apple, the Apple logo, iPad, iPhone, and Apple Podcasts are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.Spotify and the Spotify logo are registered trademarks of Spotify AB.The Global Manufacturing Purchasing Managers Index (PMI) is a survey-based indicator of the economic health of the global manufacturing sector. The PMI index includes the major indicators of: new orders, inventory levels, production, supplier deliveries and the employment environment.The MSCI EAFE Equal Weighted Index includes the same constituents as the MSCI EAFE Index (large and mid-cap securities from Developed Markets countries around the world excluding the US and Canada), with an alternative weighting scheme where at each quarterly rebalance date, all index constituents are weighted equally.London Stock Exchange Group plc (LSEG) is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.(0624-8A7Z)

All eyes were on the Fed in the first half of 2024, but with core PCE holding steady and no rate cuts, how did the other parts of the economy and the markets fare? In this midyear episode, Schwab experts look ahead to the second half of 2024 to consider what investors might expect from the U.S. stock market, the global markets, and policy and politics in Washington D.C.First, Liz Ann Sonders and Kevin Gordon discuss the current trends and bifurcations in the equity market. They highlight the significant spread between large-cap and small-cap performance, with the S&P 500® outperforming the Russell 2000. They also discuss the divergence within large-cap stocks, particularly in the growth trio of tech, communication services, and consumer discretionary sectors. The conversation emphasizes the concentration of performance in a small number of major drivers, such as Nvidia, Microsoft, Meta, and Amazon. They also touch on the bifurcation between index-level gains and weaker member-level performance in the NASDAQ. The conversation concludes by noting the relationship between market bifurcations and broader economic trends.Next, Liz Ann interviews Jeffrey Kleintop, Schwab's chief global strategist. Their conversation covers the global economic outlook, China's market performance, central bank policy, geopolitical risk, election risks, and asset allocation. Jeff discusses the recovery in the global manufacturing sector, China's stock market performance, central bank rate cuts, geopolitical developments, and the importance of international diversification.Finally, Kathy Jones interviews Mike Townsend, Schwab's managing director of legislative and regulatory affairs and the host of the WashingtonWisepodcast. They discuss the legislative agenda for the second half of the year, the upcoming presidential election, the regulatory agenda, and the battle for control of Congress. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Small cap investments are subject to greater volatility than those in other asset categories. International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market.Rebalancing does not protect against losses or guarantee that an investor's goal will be met. Rebalancing may cause investors to incur transaction costs and, when a non-retirement account is rebalanced, taxable events may be created that may affect your tax liability.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, may be illiquid, and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.Digital currencies such as bitcoin are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.Schwab does not recommend the use of technical analysis as a sole means of investment research.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.Apple, the Apple logo, iPad, iPhone, and Apple Podcasts are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.Spotify and the Spotify logo are registered trademarks of Spotify AB.The Global Manufacturing Purchasing Managers Index (PMI) is a survey-based indicator of the economic health of the global manufacturing sector. The PMI index includes the major indicators of: new orders, inventory levels, production, supplier deliveries and the employment environment.The MSCI EAFE Equal Weighted Index includes the same constituents as the MSCI EAFE Index (large and mid-cap securities from Developed Markets countries around the world excluding the US and Canada), with an alternative weighting scheme where at each quarterly rebalance date, all index constituents are weighted equally.London Stock Exchange Group plc (LSEG) is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.(0624-8A7Z)

All eyes were on the Fed in the first half of 2024, but with core PCE holding steady and no rate cuts, how did the other parts of the economy and the markets fare? In this midyear episode, Schwab experts look ahead to the second half of 2024 to consider what investors might expect from the U.S. stock market, the global markets, and policy and politics in Washington D.C.First, Liz Ann Sonders and Kevin Gordon discuss the current trends and bifurcations in the equity market. They highlight the significant spread between large-cap and small-cap performance, with the S&P 500® outperforming the Russell 2000. They also discuss the divergence within large-cap stocks, particularly in the growth trio of tech, communication services, and consumer discretionary sectors. The conversation emphasizes the concentration of performance in a small number of major drivers, such as Nvidia, Microsoft, Meta, and Amazon. They also touch on the bifurcation between index-level gains and weaker member-level performance in the NASDAQ. The conversation concludes by noting the relationship between market bifurcations and broader economic trends.Next, Liz Ann interviews Jeffrey Kleintop, Schwab's chief global strategist. The conversation covers the global economic outlook, China's market performance, central bank policy, geopolitical risk, election risks, and international allocation and diversification. Jeff discusses the recovery in the global manufacturing sector, China's stock market performance, central bank rate cuts, geopolitical developments, and the importance of international diversification.Finally, Kathy Jones interviews Mike Townsend, Schwab's managing director of legislative and regulatory affairs and the host of the WashingtonWise podcast. They discuss the legislative agenda for the second half of the year, the upcoming presidential election, the regulatory agenda, and the battle for control of Congress. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal.Small cap investments are subject to greater volatility than those in other asset categories. International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market.Rebalancing does not protect against losses or guarantee that an investor's goal will be met. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, may be illiquid, and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.​The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.​Digital currencies such as bitcoin are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.The Global Manufacturing Purchasing Managers Index (PMI) is a survey-based indicator of the economic health of the global manufacturing sector. The PMI index includes the major indicators of: new orders, inventory levels, production, supplier deliveries and the employment environment.The MSCI EAFE Equal Weighted Index includes the same constituents as the MSCI EAFE Index (large and mid-cap securities from Developed Markets countries around the world excluding the US and Canada), with an alternative weighting scheme where at each quarterly rebalance date, all index constituents are weighted equally.London Stock Exchange Group plc is (LSEG) is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.(0624-7NF9)

 Remember that sharp break in the market indexes last month? Seems that the market is putting that worrisome week in the rearview mirror as it hurdles over another potential area of resistance. For stocks, Tradeweb.

In this quickfire podcast, Robin Page (TMI) invites Tory Hazard (ICD) to discuss Tradeweb's pending acquisition of ICD and the implications for treasurers. Our guest elaborates on the advantages for ICD clients gained through access to Tradeweb's diverse investment product catalogue and highlights the expanded ICD presence in APAC markets, resulting from the merger. Additionally, Tory provides the lowdown on ICD's newly introduced Portfolio Analytics tool, which is shaking up portfolio risk management and compliance within the industry.

3 Monate Prime+ Broker kostenlos testen? Schaut einfach bei scalable.capital/oaws vorbei. ACHTUNG: Das Angebot gilt nur bis zum 30. April. Mehr Infos zu den Zinsen bei Scalable: scalable.capital/zinsen Quartalszahlen-Update auf WhatsApp? Hier anmelden. Lieber als Newsletter? Geht auch.  Das Buch zum Podcast? Jetzt lesen.  Vertex kauft Alpine für teures Geld. Thyssenkrupp verliert teures Geld und kennt kein Gegenmittel. Dafür hat Rent the Runway endlich ein Gegenmittel gegen schwache Performance gefunden und geht durch die Decke. Corona hat Stratec (WKN: STRA55) geholfen. Corona hat Stratec geschadet. Aber: Die Instandhaltung bleibt, der Umsatz steigt und der Börsenwert ist immer noch down. Goldman Sachs, Morgan Stanley, Pimco, die Europäische Zentralbank und der norwegische Staatsfonds sind seine Kunden. 1.400 Milliarden sind sein tägliches Handelsvolumen. Das ist Tradeweb (WKN: A2PGG8). Diesen Podcast vom 12.04.2024, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung.

Ruchir Sharma on his best ideas for emerging markets. He says investors are following their ABC's: Anything But China. Neuberger Berman's Joe Amato on the investment giant's outlook and what the Fed will do next. Plus, Tradeweb Markets CEO Billy Hult on his recent spree of acquisitions.  

Billy Hult is Chief Executive Officer of Tradeweb Markets (Nasdaq: TW), as Billy puts it, they are the "electronic interface that connects Citadel and Goldman". They are also one of the most under the radar but incredible businesses of the last 20 years. Through no glitz acquisitions or specific moments, TradeWeb has compounded organic growth for the last 27 years to today, with a market cap of $22BN. In Today's Episode with Billy Hult: 1. From Betting Shop Worker to Public Company CEO: How would Billy's teachers and parents have described the young Billy? Why does Billy think it is so important to have a hard first job when growing up? What does Billy know now that he wishes he had known when he started? 2. What it Takes to be a World-Leading CEO: How does Billy define the role of the CEO? What are the core tenets? What has been the single hardest element of CEOship to learn? Does Billy care about being liked? How does that impact his management style? Why does Billy think it is so important for CEOs to make "big bets"? What have been his biggest? 3. Hiring World-Class Teams in 2024: What have been some of Billy's biggest hiring mistakes? What did he learn from them? How does Billy weigh IQ vs EQ and hustle? Which wins? Why? Does Billy think this generation of millennials is too soft? What are the single biggest lessons Billy has on when to delegate vs when to retain control? 4. Money, Power and Family: How does Billy approach his relationship to money today? How has it changed over time? Fame, power or money, rank them from 1-3. How does Billy rank them? How does Billy describe his own style of parenting? How has it changed over time?

“The room where it happens …No one really knows how the game is playedThe art of the tradeHow the sausage gets madeWe just assume that it happens But no one else is in the room where it happens …When you got skin in the game, you stay in the gameBut you don't get a win unless you play in the game.”Welcome back to the Alt Goes Mainstream podcast. These excerpts were in a song by Leslie Odom Jr. and Lin-Manuel Miranda from Hamilton. But they could also be applied to the conversation Laurence Tosi of WestCap and I had today.Today's show is with someone who has been in the room where it happens. Stories and perspectives shared today were from someone who has helped turn bills into laws in private markets.Laurence Tosi has been part of building foundational technology businesses and companies in capital markets and private markets – from investing in and building Ipreo, iLevel, TMC Bonds, and Tradeweb as an executive at Merrill Lynch where he served as COO of Global Investment Banking and Trading, building Blackstone from 2008-2015 as the CFO, Management & Risk Committee Member, Head of the Tech Innovations Fund, and Blackstone Treasury Solutions Fund, and building and scaling Airbnb as CFO and Head of Payments, Customer Experience, and Corporate Development.At Merrill Lynch and Blackstone, L.T. deployed $500M of capital, returning over $1.6B without taking a loss.He's now building WestCap, a $7.6B growth investing firm that L.T. characterizes as an “operating equity firm” that helps founders and companies scale their businesses at the inflection point in between traditional venture capital and private equity. L.T. and WestCap have leveraged their collective operating knowledge to invest in a number of industry leaders, including two industry defining companies in private markets, iCapital and Addepar. They've also invested in the likes of SIMON, which was acquired by iCapital, GoodLeap, Sharegain, Klarna, Paxos, AccessFintech, Treasury4, Hopper, Avenue One, StubHub, and more.L.T. and I had a fascinating conversation that took us to a number of places. We discussed:Stories from building Blackstone.The deeper meaning behind Blackstone CEO Stephen Schwarzman's comment “scale is our niche” and how “scale begets skill.”Insights L.T. and the Blackstone team had around working with the wealth channel that enabled them to transform how Blackstone and the industry worked with private wealth.Why the realization that at Blackstone, they weren't selling to the end investor but that they were selling to the financial advisor was such a critical insight as they worked with the wealth channel.What it means to transform Blackstone from a firm into a business.Parallels and patterns L.T. took from building and investing in foundation market infrastructure businesses at Merrill Lynch and Blackstone to how they are investing in private markets at WestCap.L.T.'s learnings from a focus on customer experience and simplifying the product at Airbnb.What's the unlock for alternatives that harmonizes the industry?Why consortium is a “bad word” but why standardization will be so critical to the next phase of private markets.Why private equity firms have the best business models in finance.The difference between being in the business of building their business between being in the business of building your business and what L.T. is trying to accomplish at WestCap.Why L.T. believes in the partnership model for alternative asset managers and why he believes that's an enduring model.L.T., thanks so much for coming on the Alt Goes Mainstream podcast to share your wisdom, experience, and deep industry knowledge from being a pioneer in private markets.

CNBC's Bob Pisani spoke with Howard Lutnick, Chairman and CEO of BGC Partners, and Billy Hult, CEO of Tradeweb Markets, at the Piper Sandler Global Exchange and Fintech Conference in New York. They discussed the current market environment – with anxiety so high, why has volatility sunken to multi-year lows? Fixed income has enjoyed huge inflows, but could the Federal Reserve decision next week change the math on that? They also drilled down into the rapid rise of electronic trading, the impact of AI and the electronification of the bond market. In the “Markets 102” portion, Bob continued the conversation with Billy Hult from Tradeweb.

In this episode, we have a special guest, Marc Weisi, a municipal bond portfolio manager and trader who shares his story about getting started in real estate investment while working a full-time job. Marc emphasizes the importance of being intentional and seeking out coaching from others a few steps. He also discusses the value of networking and contributing marketing efforts to help underwrite deals.marc@investwithmaple.comwww.investwithmaple.comAbout Marc WeisiMunicipal bond portfolio manager and trader on a team responsible for the management of >10k SMA relationships and $26Bn+ in AUM. Identify relative value opportunities based on supply/demand dynamics, liquidity, credit analysis, and macro-economic factors. Perform execution through various liquidity centers and platforms including Bloomberg, MarketAxess, and TradeWeb. Build reporting and analytics tools using InvestorTools Perform system, MS Excel/VBA, and Bloomberg.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow

Sarah catches up with Azeez Adeyemi '21, who currently works for Tradeweb in New York. Azeez reflects on making the shift from full-time student to full-time employee, and what success and progress look like outside of the Brown bubble.

Steve Wexler, author of The Big Picture: How to use data visualization to make better decisions--faster Bill Ringle and Steve Wexler discuss the approaches and benefits of presenting data as charts, images, and infographics to make better decisions, build consensus, and tell a better story about the results you are producing for small business managers and leaders. >>> Visit MyQuestforTheBest.com  for complete show notes and more expert advice and inspiring stories to propel your small business growth. My Quest for the Best is a top-rated small business podcast with over 300 episodes of thought-provoking and insightful interviews with today's top thought leaders and business experts. Host Bill Ringle's mission with this show is to provide the strategies, insights, and resources that will unlock the growth potential of your business through these powerful conversations. Interview Insights Top 3 Takeaways If we are data literate, we can read data faster, interpret them better, and be quicker in making decisions and providing solutions. The goal of data visualization is to provide the most significant degree of understanding in the least amount of effort. It spares us from cognitive overload because it is easier to understand what we can quickly see. Collaboration is about creating something far more significant than you can make independently. Read the Show Notes from this Episode Steve talks about his fourth-grade teacher, Mario Messi, who developed his love of reading. He is part of Steve's pursuit of data literacy. [01:45]How do the best leaders create the best conditions that allow their people to be their best and perform at their best and make sure to celebrate it. [04:29]Recognizing good work is not about physical rewards, like a plaque, but a genuine understanding of your people's contributions. [05:18]The Big Picture and The Big Book of Dashboards are geared toward data visualization practitioners. Steve talks about his fear in writing about this topic of serving some things that experts may already know about. [06:07]People tend to cling to their old tools, like spreadsheets, even if they are not as effectively reporting data as data visualization. Steve encourages us not to fear being a beginner again and embrace data literacy. [08:19]How to know if you are data literate. [10:16]Why do we see so many bar charts? [11:43]Data visualization versus storytelling: How to go from being just data literate to be able to use data to tell a story or make decisions. [14:27]The four components of setting the stage for effective data visualization: 1. Somebody needs to know the data. 2. somebody has to know the tool. 3. Have stakeholders help steer decision-making. 4. Be able to iterate quickly as you get feedback from others.[16:00]Steve shared his experience as one of the many people making graphs for Seth Godin's upcoming book, The Carbon Almanac. [21:15]Chapter eight of the book talks about Charle Menard's chart, which is considered the Monalisa of data visualization, and the problems that Steve finds in it. [23:25]Collaboration versus compromise. [25:34]My Quest for the Best lightning round begins. [29:32] Expert Bio Steve Wexler is the founder of Data Revelations, author of The Big Picture: How to Use Data Visualization to Make Better Decisions—Faster (winner of Data Literacy's Most Insightful Data Book), and co-author of The Big Book of Dashboards: Visualizing Your Data Using Real-World Business Scenarios. Steve has worked with ADP, Gallup, Johnson & Johnson, Deloitte, ExxonMobil, Convergys, Consumer Reports, The Economist, SurveyMonkey, Con Edison, D&B, Marist, Cornell University, Stanford University, Tradeweb, Tiffany, McKinsey & Company, and many other organizations to help them understand and visualize their data. A Tableau Zen Master (Hall of Fame) and Iron Viz winner, Steve also serves on the advisory board to the Data Visualization Society and is co-host of the popul...

How do address difficult topics with challenging people in the workplace? Rebecca Sin is an ETF Analyst at Bloomberg in Hong Kong. She recently won the Bloomberg Intelligence 2021 Award for her ETF research. She was previously the Head of Equities, Asia Pacific at Tradeweb and Head of Commerzbank ETF Sales and Trading for Asia Pacific. She enjoys educating clients and driving the growth of the business. Rebecca earned a BS in Mechanical Engineering from Brigham Young University. Kristine Delano and Rebecca discuss how to prepare for difficult conversations and how do we navigate once we are in them. Follow on Instagram kristine.delano.writer . Visit www.womeninetfs.com to find additional support in the ETF industry. Go to www.kristinedelano.com for your Thrive Guide: a compilation of the most requested and insightful advice from our guests on Leadership and Advancement.

Leaning into Disruption is a podcast series hosted by the Bond Dealers of America, the only DC based trade group focused on the US bond markets.

Joining Wei-Shen on the podcast is Enrico Bruni, managing director and head of Europe and Asia at Tradeweb. They discuss electronification in the repo markets, particularly in the dealer-to-client space, and Tradeweb's “reverse onion” approach. As Bruni puts it, there's nothing simple in repo land. 7:00 – Enrico joins the podcast and gives an overview of his time at Tradeweb. 8:30 – Then, they discuss the current state of electronification in repo markets in the dealer-to-client space. 12:00 – He walks through Tradeweb's “reverse onion” approach to automating some repo workflows. 15:00 – What are the existing barriers to further additional electronification of repos? 17:00 – What role do OMS providers play here? 20:00 – The element of bilateral execution can make workflows more complex. 21:30 – Enrico talks about the ongoing initiatives the industry is working on. 22:30 – Then, he discusses the difference between electronification of repos in the US, Europe, and Asia. 28:00 – Enrico walks through Tradeweb's roadmap for 2022. 35:00 – They close the podcast talking about their shared love for durian.

#shib #shiba #shibcoin #shibarmy #bitcoin #btc #ethereum #crypto #solana #cardano #cryptonews #crypto #xrp #ripple #matic #polygon #metaverse #nfts #facebook #defi Las acciones se desplomaron y los rendimientos de los bonos subieron bruscamente el jueves después de que una lectura caliente de la inflación generó mayores expectativas de que la Reserva Federal tendrá que actuar con fuerza para enfriar la economía elevando las tasas de interés. La lectura de inflación más alta desde 1982 hizo que el S&P 500 cayera un 1,8%. También hizo que los rendimientos del Tesoro saltaran, ya que los operadores apostaron a que la Fed podría tener que frenar la economía con un aumento mayor de lo habitual en las tasas de interés el próximo mes. El rendimiento del Tesoro a 10 años superó el 2% por primera vez desde agosto de 2019, según Tradeweb. El comercio volátil ha sido la norma en Wall Street este año, ya que los inversores intentan medir cuánto y con qué rapidez aumentará la Fed las tasas de interés para controlar la inflación creciente. El índice de referencia S&P 500 ha caído tres de las últimas cinco semanas y ahora está un 6,1% por debajo del máximo histórico que estableció el 3 de enero. Más del 85% de las acciones del S&P 500 cerraron a la baja luego de otro día de fuertes cambios en los índices. El Promedio Industrial Dow Jones cayó un 1,5% y el compuesto Nasdaq se deslizó un 2,1%. “Advertimos que los mercados podrían permanecer agitados durante los próximos meses hasta que la inflación se estabilice o el mercado se sienta cómodo de que la Fed está haciendo lo suficiente, pero no demasiado”, dijo Matt Peron, director de investigación de Janus Henderson Investors. “El margen de error de la Fed se está reduciendo, pero nuestro caso base es que los mercados se estabilizarán en la segunda mitad de este año”. La inflación se ha ido acumulando durante el último año a medida que la economía se recuperaba de la pandemia. La escasez de suministro y los inconvenientes en las cadenas de suministro globales también impulsaron la inflación, y los precios a nivel del consumidor aumentaron un 7,5% el mes pasado respecto al año anterior.

The Dow closed down 126 points and Jim Cramer is breaking down today's market action. Then, T-Mobile CEO Mike Sievert joins Cramer to talk 5G and the company's plans to lead in the space. Then, as Amazon's Prime Day approaches, how might the stock react in the days leading up to and after the major shopping event? Cramer's going Off The Charts to find out the best way for investors to play it. Plus, Tradeweb CEO Lee Olesky checks in to discuss the rise in market digitization and more.

Ryan Zauk sits down with Rana Yared, Partner at Balderton Capital, one of Europe’s most storied venture capital firms. Rana is a former partner at Goldman Sachs, and helped lead the firm's principal strategic investments in the US and UK. She represented Goldman Sachs on the Boards of Tradeweb, NAV, Vestwell, New York Shipping Exchange, and Swapclear @ LCH. Rana joined Balderton as a General Partner in 2020, focusing on fintech investments. In today’s episode, they discuss: - Her long journey from Wharton to Goldman to Balderton, and a surprise stop for a masters in securities analysis (nukes and bombs, not stocks and bonds) - The secret sauce of Balderton, the Balderton Collective, and their fantastic track record - The two fintech verticals she’s most excited about - The 3 key things on her investor checklist and what is an immediate dealbreaker - Her investment in Unqork while at Goldman and Flywire while at Balderton - Why she’s so excited about Europe, Balderton’s new liquidity fund, and the massive “bridge” opportunity she sees - And a rapid-fire round including her best pastry, favorite restaurant in London, and her advice to founders. For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/

In this episode Christian is joined by Billy Hult, President of TradeWeb, the Nasdaq-listed trading giant. Billy talks about how his platform adapted to market volatility and how the market adapted to the pandemic and the US Fed's response. He also shares his thoughts on leadership during a crisis and the lasting changes we may see in the world of work (and trading) as a result of the last few months. Also in this episode, Christian looks at the Bank of England's new approach to QE; the new head of the Financial Conduct Authority, Nikhil Rathi; and London's winning position in the race for financial services investment. In association with ETX Capital ETX Capital is one of the UK's leading spread betting and CFD trading providers, offering services to retail, institutional, professional and high net worth customers via an award-winning trading platform. With over 50 years of experience in the financial markets, customers and service are always put first at ETX, and the company prides itself in offering a tailor-made trading experience to every customer. The multi-device TraderPro platform delivers a fully customisable, award-winning trading technology with customisable charts, instant execution and over 5,000 markets to trade. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.Authorised and regulated by the Financial Conduct Authority with Financial Services register number 124721.ETX Capital provides an execution-only service and therefore any market analysis, opinion, commentary or other information provided during this webinar is for educational purposes only and is not intended to be a personal recommendation or construed as advice. ETX Capital and the presenter are not financial or investment advisors and do not recommend any instrument of any kind.  Any instruments that are mentioned throughout are cited only for illustrative and educational purposes. See omnystudio.com/listener for privacy information.

On the podcast this week, Wei-Shen and Tony briefly discuss the Waters USA conference. Then, Billy Hult, president of Tradeweb Markets, speaks with Duncan Wood, global editorial director for Infopro Digital, about the changing face of trading, how Tradeweb stacks up against the likes of tech companies like Bloomberg and Symphony, the dimming allure of exchanges, and much more. 3:00 – Billy joins the podcast with Duncan 7:00 – Billy and Duncan talk about Tradeweb post-IPO 14:30 – Next, they discuss Tradeweb’s expansion into new asset classes 18:30 – Duncan asks about how Mifid II’s best execution requirement creates challenges 21:00 – Which trends are having the greatest impact on the market structure debate 28:00 – What is the difference between an old-style exchange and an interdealer broker 32:00 – Billy responds to whether Symphony is a disruptive force 39:30 – To wrap it all up, Billy bravely answers Duncan’s random quick-fire questions

Welcome to Finance and Fury, The Say What Wednesday Edition This week Question from Mark – two-part episode (over this week and next) Hi Louis I have 2 questions, can you explain how negative yielding bonds work, they are saying a third of the global bond market is in negative yielding debt and it is going parabolic. How do people make money from negative yielding debt? It doesn't make sense. Also, can you explain the repo markets that are going on at the moment? Apparently the banks are loaning money from the Feds at 10% so they have enough liquidity to survive the night # Bank run?   How can a bond have a negative yield? Negative-yielding bonds are bonds that cause bondholders to lose money when they mature. This happens when holders of such bonds will end up with less money than what they used to purchase them Negative Yield works through the mechanics of bonds – when the prices go up to where the yield is close to zero – and they are based in a nominal real value $100 – in 10 years’ time inflation eats away at the value   First - Explanation of Fixed Interest (bonds) -  terminology – You don’t get interest payments - you get coupons = The periodic interest payments promised to bond holders are computed as a fixed percentage of the bond’s face value; this percentage is known as the coupon rate. The face value (also known as the par value) of a bond is the price at which the bond is sold to investors when first issued; it is also the price at which the bond is redeemed at maturity.  In the U.S., the face value is usually $1,000 - Face Value is the amount of money you get back in at maturity of the bond Note that the face value is not the price – the price is what someone wants to pay for a bond You cannot receive any coupons and the yield on the bond may be positive – if the nominal value of the bond will rise to give you a return – or yield The maturity is the date at which you get your money back – Bonds are debt instruments – but what they really function as is a way of borrowing funds – funding projects/capital requirements for banks through selling a newly created asset and selling it to investors – in exchange for money – it is a loan that is in the form of an investment which can be traded –   In Current Markets - A yield decline will start to occur if investors are buying a bond for more than its face value How do Negative-Yielding Bonds Work? - To understand negative-yielding bonds, let’s first examine how regular bonds work to see how money can be lost on them at maturity - then how it differs from bonds that lose money. Two main categories for regular bonds: coupon and non-coupon paying bonds Normally - an investor should ordinarily end up with more than what they paid for the bond If there is no income (coupons) – price of bond should be at a large discount to maturity FV I.e. – Bond matures in 3 years for $100 – buy today at $90 – YTM = 3.5% p.a. even without coupons Very simple to calculate the Price of a Bond – literally a formula to get the exact price based around a few variables – A bonds price is that of the present value of all coupon payments plus the face value paid at maturity. F = face value, C = coupon payment, N = number of payments, i = market interest rate, or required yield, M = value at maturity, usually equals F This formula shows that the price of a bond is the present value of its promised cash flows.  As an example, suppose that a bond has a face value of $1,000, a coupon rate of 4% and a maturity of 30 years.  The bond makes annual coupon payments every year – 30 payments -  If the interest rate is 4% Price = $1000 = same as FV – interest rates and coupons same – so no discount in price or premium of price What happens if the interest rate drops? Same bond – but interest rates now drop to -1% - price is now $2,760 – paying Each year the investor receives $40 in coupon payments and when the bond matures, they receive $1000 at maturity - though the investor paid more - yearly coupon payments made up for the difference of holding in cash with negative interest rates - But now let's say that the same bond sold for the same amount – but wasn’t paying coupons? They get a negative yield (return) on their bond Prices and Yield to maturity – Can lead to negative yields – another simple example - Maturity: 3 years, FV: $1,000, Coupon: 0% Price: $1,050 During the three years, you get no income payments and when the bond matures you only get $1,000 back – Loss of $50 over the 3 years works out to be about a negative yield of 1.6% Therefore - If the total amount of income the bond pays over its remaining lifetime is less than the premium the investor paid for the bond, the investor loses money and the bond is considered to have a negative yield. With QE going on 10 years now – there are a lot of bonds being purchased in the secondary market – demand for bonds is high – the price can go up State of bonds: Who Issues and Buys Negative-Yielding Bonds? Negative-yielding debt is not new in Europe and Japan - issued by governments   Japan - the interest rate set is below 0% - so with negative interest rate the central bank charges banks for keeping deposits – which is passed on to consumers – Monetary policy that tries to encourage banks to lend out money and stimulate the economy The same strategy has been used by the European Central Bank. Therefore - As countries put in negative interest rates - government bonds are created that have negative yields – or below zero returns – Why would anyone buy them? Banks still purchase these bonds as they have good liquidity and there are a few options safer than a government bond. Also – the more fixed-income securities become negative-yielding, the yields offered by bonds will continue to enter the negative territory - so investors buy bonds with negative yields because they believe future bonds will offer even worse returns – speculation to buy now to not get charged negative interest rates and to not lose more money in future if newly created bonds have worse returns Number of bonds with negative yields are starting to reduce The stock of Euro-zone government bonds with a negative yield on Tradeweb ballooned to around 5.61 trillion euros ($6.2 trln), or almost 69% of the total market, in August. It has since eased to around 5 trillion euros or 62%, according to data from the electronic trading platform. Globally, the pile of negative-yield bonds including corporate debt has shrunk to around $12.5 trillion from a record high around $17 trillion just two months ago. Indeed, this week France’s 10-year bond yield turned positive for the first time since July FR10YT=RR and the entire yield curve in Germany — the euro zone’s benchmark issuer — is no longer negative as it was a month ago. But for many bond investors, it is still early days.   Part 2 of the question - Repo markets – A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities. The dealer sells the underlying security to investors and buys them back shortly afterwards, usually the following day, at a slightly higher price – This is a pretty heavy topic – lots of parts to unpack - so part 2 will be next week Thanks for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/

Tradeweb goes public. Is it the future of bond trading? Mixed jobs reports in Canada and the U.S. How to interpret the numbers. Tesla first quarter disappoints. Can Musk get it back on track? Andreessen Horowitz converts into a financial advisor. Will other VCs follow? A discussion on the future of value investing, including why cash flow measures are superior to liquidation values.

A federal judge orders Elon Musk and the SEC to put on their “reasonableness pants." Tradeweb pops on its IPO. Amazon’s ad business gains on Google. And Burger King introduces an Impossible Whopper. Analysts Andy Cross and Jason Moser discuss these stories and weigh in on the latest from Constellation Brands, Disney, and Teladoc. Plus, Allison Schrager shares some insights from her book, An Economist Walks Into A Brothel: And Other Unexpected Places to Understand Risk.  Thanks to Grammarly for supporting The Motley Fool. For 20% off a Grammarly premium account, go to http://www.Grammarly.com/Fool.

Inside Data Management editor Max Bowie—who has been covering the data space for 15 years—joins the podcast to give his insights as to what the Thomson-Blackstone tie-up could mean for the industry going forward. Then, naturally, they talk about the best breweries and beer bars in Brooklyn and Queens. https://www.waterstechnology.com/organization-management/alliances-mergers-acquisitions/3482206/thomson-reuters-blackstone-agree-20-bn-financial-risk-unit-spin-off 2:00 To start, a quick update as to the specifics of the deal. 3:45 Amid the uncertainty that this acquisition brings, Max gives his initial impressions as to what some of the main questions will be going forward. 7:00 Then, some speculation as to whether some of the pieces of Thomson Reuters’ Financial & Risk business unit will get sold off, or built upon. 8:30 Some examples of big acquisitions that went sour and some examples of big acquisitions that worked out. 11:45 What happens to the companies that Thomson Reuters is invested in, such as Tradeweb and some fintechs. 13:15 Should companies like FactSet, Standard & Poor’s, Morningstar, Activ Financial and SIX Group, among others, be excited or concerned by this deal? 19:45 For companies orbiting around the Eikon terminal with plug-in services (think: Symphony) should they be concerned? 22:45 Anthony, James and Max turn their attention to beer and, specifically, the best new breweries and bars in Queens and Brooklyn.