It's been 2 years since Brad Katsuyama was tossed into the spotlight by a Michael Lewis book about the 'rigged' stock market. Now, his fix, IEX, will officially start operating as a national securities exchange, competing with NYSE and Nasdaq.
ll c Who isn’t? It’s well known that rigging is part of the game, and one can argue that that’s how it functions today, as unfortunate as it is. The clear difference is Brad and IEX is trying to be more transparent with the matter, while the goons of old, established Wall St. aren’t.