Preferential access and paid predatory advantage at the expense of would-be-legitimate investors have no place in free and transparent markets. The indefensible, dominant business models adopted by for-profit exchanges over the last decade must be outlawed to restore the semblance of integrity and fairness to public markets. Katsyuama explains the reality well in this clip, particularly starting at 2:55.
With Interactive Brokers moving to the IEX, Brad Katsuyama, IEX CEO and co-founder, discusses how the exchange is working to convert other big-name companies to its trading platform. Here is a direct video link.
IEX’s Brad Katsuyama: Our exchange is a fight against the establishment from CNBC.
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