“Mind The Gap!” – The life and times of a man on the move Episode 65

424 companies participated in this year’s City Giving Day in London. I was very honored to have been invited to the Lord Mayor’s reception, where he addressed charities, fellow Aldermen and City executives who have contributed toward London’s incredible philanthropic effort. Here is a full photo montage

In this weekly series, I look back on what stood out, what was bemusing, amusing and interesting during my weekly travels, interesting findings within the FX industry and interaction with an ever-shrinking big wide world. This is purely observational and for your enjoyment.

A Mind The Gap Special.

This week, I had the privilege of joining Peter Estlin, the 691st Lord Mayor of London, along with approximately 40 guests, to inaugurate this year’s City Giving Day, a charitable event focused on the financial services and fintech sector in the City of London, organized by the office of the Lord Mayor of London.

This testimony to the tireless efforts of London’s eternally flourishing City financial services businesses and the technology companies that underpin them is a clear demonstration of the philanthropic dedication that is omnipresent in British society.

This year, 424 companies participated in City Giving Day, which is a remarkable effort, along with individual philanthropists, all of whom, along with me, had the chance to meet and speak to the erudite and eloquent Peter Estlin.

Rather a different role to the Mayor Of London, the role of the Lord Mayor of London is to be responsible for the City of London and its financial sector, along with the Aldermen of the City. Mr Estlin, a chartered accountant, is also on the advisory board at Barclays PLC, one of the world’s top three interbank FX dealers by market share via its BARX single dealer platform.

Andrew Holdane, Chief Economist at the Bank of England gave a very insightful perspective on the importance of social responsibility within London’s world-leading financial markets industry. He said “At the Bank of England when making decisions about monetary and financial policies, we base those decisions on the impact they will have on the economy, the financial system and ultimately wider society.”

“In principle, the same should be true when it comes to the policies and practices of charities. These policies are most likely to be effective when their impact on society can be assessed and evaluated, objectively and rigorously. This is standard practice in parts of the charitable sector, but by no means all” said Mr Holdane.

Mr Holdane’s opinion is that the Lord Mayor’s Appeal does fantastic work to support people and communities. It is celebrating the first year of its strategic commitment to create A Better City for All.

“This commitment to promoting diversity and inclusion, wellbeing and improved mental health chime closely with the objectives we at the Bank of England set for ourselves as an organisation” he said.

The theme for the day, which ran from 8.00am at London’s Guildhall where the Lord Mayor was welcomed by Music In Office’s rendition of Billy Bragg’s “I’ll Get By With A Little Help From My Friends” played on a trumpet and various percussion instruments whilst the leaders of several City-funded charities sung – as did the Lord Mayor who said “This was the most wonderful welcome I could wish for”, was to ‘paint London red’ by having volunteers and charity donors dress in red to match the colors of the Aldermen of the City, and to visit all 424 companies that contributed across the Square Mile and Canary Wharf until 8.00pm.

I was very honored to have been invited, and was joined by dignitaries from across the world, City Aldermen, leaders of industry, charity volunteers and teenage representatives of some of London’s most proud charitable efforts. all of whom have committed substantial resources toward philanthropy of worthy causes from medical research to alleviation of poverty, to investment in over 180 schools across London, to mental health support.

Here is a full montage of the initial part of the day:

Read this next

Digital Assets

BlackRock digs further into crypto with metaverse ETF

BlackRock, the world’s largest asset manager with almost $10 trillion in AUM, is set to launch a new metaverse ETF to help investors securely monetize on the booming immersive version of the internet.

Digital Assets

Binance wins license in New Zealand as rival Huobi shutters derivatives

Binance, the world’s largest crypto exchange by traded volume, has obtained licenses to operate in New Zealand, even after rival Huobi shutdown derivatives trading last month due to concerns about regulations.

Retail FX

Hong Kong busts perpetrators of ‘ramp and dump’ scam

Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has charged thirteen suspects of market manipulation in a joint operation with the local police.

Institutional FX

TradingView integrates market data from German Tradegate exchange

TradingView announced that it ‎has increased data coverage to allow its users to receive information from ‎and get free access to the intra-day and tick data from Tradegate Exchange.

Retail FX

Spotware Systems introduces Custom Push Notifications for cTrader mobile apps

Spotware Systems, a technology provider for the electronic trading industry, is introducing a new push notification feature to alert mobile users of price swings and market fluctuations through their cTrader app.

Market News

The Week Ahead: 30 September from David Madden, Market Analyst at Equiti Group

Sterling dominated the headlines last week, as there were concerns the UK government might struggle to service its debt.

Inside View

How does the quality of signal providers affect your business?

A must-have onboarding process for brokers with investment services like PAMM, MAM, or copy trading

Technology

DBS deploys Nasdaq Trade Surveillance

“The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored on our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure.”

Industry News

SEC charges Justin Costello and David Ferraro for securities fraud and posing as billionaire veteran

The Securities and Exchange Commission charged Cannabis executive Justin Costello and David Ferraro, an associate of Costello’s, for promoting the stock of several microcap companies on social media without disclosing their own simultaneous stock sales as market prices rose.

<