Episode Thumbnail
Episode 103  |  31:25 min

Episode 103: A Wall Street We Can All Trust with Brad Katsuyama

Episode 103  |  31:25 min  |  11.25.2019

Episode 103: A Wall Street We Can All Trust with Brad Katsuyama

00:00
00:00
This is a podcast episode titled, Episode 103: A Wall Street We Can All Trust with Brad Katsuyama. The summary for this episode is: <p><span style="font-weight: 400;">When Brad Katsuyama was working on Wall Street, he saw that the stock exchanges were giving an unfair advantage to high-frequency traders that was costing his clients - pension funds, mutual funds and hedge funds. Worse still, the exchanges were making huge profits from selling this advantage. His response was to create the Investors Exchange, a stock exchange founded on the premise that people want to trade on a fair platform that doesn’t provide advantages to predatory traders.</span></p> <p><span style="font-weight: 400;">In this episode of the <a href= "https://georgianpartners.com/about-the-impact-podcast/">Georgian Impact Podcast</a>, Jon and Brad discuss how Brad broke the mold to create an exchange that is founded on building trust between all participants.</span></p> <p> </p> <p><strong>You’ll hear about:</strong></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">How unfairness in high-frequency trading led to the founding of IEX</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How exchanges work and how they are incentivized</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How IEX has built a different type of exchange based on trust</span></li> <li>Why trust is opening doors to new revenue streams</li> </ul> <p> </p> <p><strong>Who is Brad Katsuyama?</strong></p> <p><span style="font-weight: 400;"><a href= "https://en.wikipedia.org/wiki/Brad_Katsuyama">Brad Katsuyama</a> is the CEO and co-founder of the IEX, the Investors Exchange. He co-founded IEX to create a fairer stock exchange. Katsuyama is the focus of Flash Boys, a Michael Lewis book about high-frequency trading.</span></p> <p><span style="font-weight: 400;">Before founding IEX, he was the Global Head of Electronic Sales and Trading at the Royal Bank of Canada. There he was responsible for electronic sales, electronic trading, algorithmic trading, market structure strategy, client implementation and product management.</span></p> <p><span style="font-weight: 400;">To learn more about IEX and their business,</span> <a href= "https://iextrading.com/"><span style="font-weight: 400;">visit their website</span></a> <span style="font-weight: 400;">or check out the best-selling Michael Lewis novel</span> <a href= "https://www.amazon.com/Flash-Boys-Wall-Street-Revolt/dp/0393351599"> <span style="font-weight: 400;">Flash Boys: A Wall Street Revolt</span></a><span style= "font-weight: 400;">. </span><span style= "font-weight: 400;">You can read more about Georgian’s investment in</span> <a href= "https://georgianpartners.com/how-iex-built-the-worlds-most-trusted-stock-exchange/"> <span style="font-weight: 400;">IEX here</span></a><span style= "font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">To learn more about the fundamental principles of trust and how they can help your business, check out our</span> <a href= "https://georgianpartners.com/principles-of-trust/"><span style= "font-weight: 400;">Principles of Trust</span></a> <span style= "font-weight: 400;">and download the</span> <a href= "https://georgianpartners.com/ceos-guide-to-building-trust/"><span style="font-weight: 400;"> CEO’s Guide to Trust</span></a><span style= "font-weight: 400;">.</span></p>

When Brad Katsuyama was working on Wall Street, he saw that the stock exchanges were giving an unfair advantage to high-frequency traders that was costing his clients - pension funds, mutual funds and hedge funds. Worse still, the exchanges were making huge profits from selling this advantage. His response was to create the Investors Exchange, a stock exchange founded on the premise that people want to trade on a fair platform that doesn’t provide advantages to predatory traders.

In this episode of the Georgian Impact Podcast, Jon and Brad discuss how Brad broke the mold to create an exchange that is founded on building trust between all participants.

 

You’ll hear about:

  • How unfairness in high-frequency trading led to the founding of IEX
  • How exchanges work and how they are incentivized
  • How IEX has built a different type of exchange based on trust
  • Why trust is opening doors to new revenue streams

 

Who is Brad Katsuyama?

Brad Katsuyama is the CEO and co-founder of the IEX, the Investors Exchange. He co-founded IEX to create a fairer stock exchange. Katsuyama is the focus of Flash Boys, a Michael Lewis book about high-frequency trading.

Before founding IEX, he was the Global Head of Electronic Sales and Trading at the Royal Bank of Canada. There he was responsible for electronic sales, electronic trading, algorithmic trading, market structure strategy, client implementation and product management.

To learn more about IEX and their business, visit their website or check out the best-selling Michael Lewis novel Flash Boys: A Wall Street RevoltYou can read more about Georgian’s investment in IEX here.

To learn more about the fundamental principles of trust and how they can help your business, check out our Principles of Trust and download the CEO’s Guide to Trust.

More Episodes

Driving Digital Transformation using IoT and AI with Rob Rastovich

Data and Digital Ethics in ESG

ML Ops with Demetrios Brinkmann and David Aponte

The Story of AI Transformation at BMO

AI in Marketing with Paul Roetzer

AI Chatbots at Drift with Jeff Orkin