Exchanges, Brokerages & Transaction Rails

Own the businesses that execute trades, operate marketplaces and process transactions, rather than a directional bet on lending or asset prices. JPMorgan's new critical-minerals leadership within its security and resiliency initiative highlights fresh institutional capital-mobilization activity. The basket pairs exchange and brokerage franchises with payment networks; trading-volume sensitivity and regulatory intervention remain key risks. Catalysts: - 2026-10-11 JPM: JPMorgan names a critical-minerals chief inside its resiliency financing push (https://www.mining.com/jpmorgan-names-critical-minerals-chief-for-1-5t-push/) Launch basket (equal weight): HOOD, COIN, V, MA, JPM, CME, ICE, NDAQ, CBOE, IBKR Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.