How IEX Build the Most Trusted Stock Exchange
Summary
IEX Group is a fintech company on a mission to combat inequities in markets and industries beyond, using a combination of innovative technology and radical thinking. While working on Wall Street in the late 2000s, IEX CEO Brad Katsuyama realized that stock exchanges were selling high-frequency traders an advantage to systems that gave them a fraction of a second’s head start over other investors. Through this simple (yet technically complex) intervention, they put all trades coming into the exchange on an even footing, which builds trust with their customers. Customers have become more and more sensitive to issues around fairness, bias, transparency, security and privacy in the wake of years of high-profile news stories including repeated headlines on breaches and reports of misuse of data. 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 Revolt.