In Monday’s episode of Good Buy or Goodbye, Tema ETFs Chief Investment Officer Yuri Khodjamirian makes the case for investing in financial exchanges and clearing houses, namely the Intercontinental Exchange (ICE) while advising against Hong Kong Exchanges and Clearing (0388.HK).
The Intercontinental Exchange — which owns and operates the New York Stock Exchange — is praised by Khodjamirian for diversifying into other financial markets, such as mortgages, while also centralizing transactions and trades onto its platform.
"What you see is more and more financial transactions are being moved onto exchange, I mean even the rise of… cryptocurrency is a very similar sort of thing — can we centralize it, can we really get more and more information out of these trades?" Khodjamirian tells Yahoo Finance’s Julie Hyman.
The Hong Kong Stock Exchange is Khodjamirian’s goodbye pick over its high valuations as it loses market share.
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