Jim Kharouf, communications director of IncubEx Inc., began “Innovation on the Edges” on Day 2 of FIA-V by saying “Happy Birthday” to the exchanges of each panelist present on the call he was moderating. The Hong Kong Exchange (HKEX) is celebrating its twentieth year as a publicly-traded company; the Singapore Exchange (SGX) is twenty-one this year; and the Brazilian exchange Brasil Bolsa Balcao, or B3, is three years old. “But of course,” Kharouf said, “legacies for each go back way further.” (Originally published at John Lothian News on 11/12/20.)