10 Wednesday AM Reads
My mid-week morning
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The 2020s Will be the Decade of Customization For Financial Advisors In the 2020s, customization will be the next step in investing technology. The three biggest trends in this customization boom will be: (1) Direct indexing (2) ESG investing (3) Defined outcome investing (Wealth of Common Sense)
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How London grew into a financial powerhouse London is a hub for trading currencies and interest rate derivatives. Its location allows traders to catch the end of the Asian day and the opening on Wall Street. The good fortune of geography is underpinned by high-quality tech infrastructure. As a result, London accounts for 43% of the turnover in the $6.6tn-a-day foreign exchange market and half of the daily $6.5tn traded in interest rate derivatives. Brexit has not dented the UK capital’s dominance in these markets (Financial Times)