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IEX
Investors Exchange (IEX) is a stock exchange in the United States. It was founded in 2012 in order to mitigate the effects of high-frequency trading. IEX was launched as a national securities exchange in September 2016. On October 24, 2017, it received regulatory approval from the U.S. Securities and Exchange Commission (SEC) to list companies. IEX listed its first public company, Interactive Brokers, on October 5, 2018. The exchange said that companies would be able to list for free for the first five years, before a flat annual rate of $50,000. On September 23, 2019, it announced it was leaving its listing business. In September 2019, IEX announced that its co-founder and COO, John Schwall, would retire from the company by the end of 2019. The genesis and early days of the exchange are chronicled in the 2014 book '' Flash Boys: A Wall Street Revolt'' by Michael Lewis. History Founding and first trading Founded in 2012 and started by Brad Katsuyama and Ronan Ryan, IEX o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brad Katsuyama
Bradley Toshio Katsuyama (born 1978) is a Canadian financial services executive. He is the CEO and co-founder of the Investors Exchange (IEX). He left the Royal Bank of Canada (RBC) in 2012 to co-found IEX under the premise that it would be a fairer stock trading venue than other exchanges. Through his work with IEX, Katsuyama is featured in '' Flash Boys'', a 2014 non-fiction book by Michael Lewis about high-frequency trading (HFT) in the financial markets. Early life and education Born in 1978, Katsuyama is a native of Markham, Ontario, Canada. In 2001, he earned a Bachelor of Business Administration from the Wilfrid Laurier University in Waterloo, Ontario. Career RBC and pre-IEX career Before founding IEX, Katsuyama worked for many years at the RBC. He held management roles in US cash equity trading, hedge fund coverage and US technology trading. Later he became the global head of electronic sales and trading, overseeing electronic sales, electronic trading, algorithm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ronan Ryan
Ronan Ryan is an Irish-American businessperson. He is the president of IEX, the Investor's Exchange, and an electronic trading expert. As a founding member of IEX, Ryan was a central character featured in Michael Lewis’ '' Flash Boys: A Wall Street Revolt''. ''Irish America'' magazine named Ryan to its 2014 and 2015 Wall Street 50 list. Background Born and raised in Dublin, he moved to America in 1990, when he was 16. Ryan has extensive experience in both networking infrastructure and the financial services industry. Prior to the IEX Group, he has worked for RBC Capital Markets, Switch and Data, BT Radianz, Qwest and MCI. Education Ryan graduated from Fairfield University in 1996 with a Bachelor's degree in International Studies. During his time at Fairfield, Ryan was a member of the cross country team and he was the school mascot, Lucas the Stag. Flash Boys Since Michael Lewis' book '' Flash Boys: A Wall Street Revolt'' was released in March 2014, Ryan has experie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High-frequency Trading
High-frequency trading (HFT) is a type of algorithmic trading in finance characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data and electronic trading tools.Lin, Tom C. W. "The New Financial Industry" (March 30, 2014). 65 Alabama Law Review 567 (2014); Temple University Legal Studies Research Paper No. 2014-11; . While there is no single definition of HFT, among its key attributes are highly sophisticated algorithms, co-location, and very short-term investment horizons in trading securities. HFT uses proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second. In 2016, HFT on average initiated 10–40% of trading volume in equities, and 10–15% of volume in foreign exchange and commodities. High-frequency traders move in and out of short-term positions at high volumes and high speeds aiming to capture sometimes a fraction of a cent in profit on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Stock Exchange
NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. NYSE Euronext acquired AMEX on October 1, 2008, with AMEX integrated with the Alternext European small-cap exchange and renamed the NYSE Alternext U.S. In March 2009, NYSE Alternext U.S. was changed to NYSE Amex Equities. On May 10, 2012, NYSE Amex Equities changed its name to NYSE MKT LLC. Following the SEC approval of competing stock exchange IEX in 2016, NYSE MKT rebranded as NYSE American and introduced a 350-microsecond delay in trading, referred to as a "speed bump", which is also present on the IEX. History The Curb market The exchange grew out of the loosely organized curb market of curbstone brokers on Broad Street in Manhattan. Efforts to organize and standardize the market started early ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NYSE American
NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. NYSE Euronext acquired AMEX on October 1, 2008, with AMEX integrated with the Alternext European small-cap exchange and renamed the NYSE Alternext U.S. In March 2009, NYSE Alternext U.S. was changed to NYSE Amex Equities. On May 10, 2012, NYSE Amex Equities changed its name to NYSE MKT LLC. Following the SEC approval of competing stock exchange IEX in 2016, NYSE MKT rebranded as NYSE American and introduced a 350-microsecond delay in trading, referred to as a "speed bump", which is also present on the IEX. History The Curb market The exchange grew out of the loosely organized curb market of curbstone brokers on Broad Street in Manhattan. Efforts to organize and standardize the market started ear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interactive Brokers
Interactive Brokers, Inc. (IB) is an American multinational corporation, multinational brokerage firm headquartered in Greenwich, Connecticut, Greenwich, Connecticut. It operates the largest electronic trading platform in the United States by number of wikt:daily average revenue trades, daily average revenue trades. In 2024, the platform processed an average of 2.6 million trades per trading day. Interactive Brokers is the largest foreign exchange market broker and is one of the largest prime brokers servicing commodity brokers. The company brokers stocks, Option (finance), options, futures contracts, exchange of futures for physicals, options on futures, Bond (finance), bonds, mutual funds, currency, cryptocurrency, contracts for difference, derivative (finance), derivatives, and trading in prediction markets. Interactive Brokers offers direct market access, Omnibus Customer Securities Accounts, omnibus and non-disclosed broker accounts, and provides Clearing (finance), clearin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
3 World Trade Center
3 World Trade Center (3 WTC; also known as 175 Greenwich Street) is a skyscraper constructed as part of the new World Trade Center (2001–present), World Trade Center in Lower Manhattan, New York City. The tower is located on Greenwich Street along the eastern side of the World Trade Center site. The building was designed by Rogers Stirk Harbour + Partners, and is managed by Silverstein Properties through a ground lease with the Port Authority of New York and New Jersey (PANYNJ), the landowner. It is high, with 80 stories. , it is the List of tallest buildings in New York City, tenth-tallest building in the city. The current edifice is the second on the World Trade Center site to bear the address 3 World Trade Center. The original building was the Marriott World Trade Center, a 22-story, 825-room hotel located in the southwest corner of the World Trade Center (1973–2001), World Trade Center complex. Opened in July 1981 as the Vista International Hotel, it was destroyed durin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic system to process financial transactions. To be able to trade a security on a particular stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as mod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Insider
''Business Insider'' (stylized in all caps: BUSINESS INSIDER; known from 2021 to 2023 as INSIDER) is a New York City–based multinational financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the international publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but has also been criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. From ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morgan Stanley
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked #30 in Forbes Global 2000. The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The current Morgan Stanley is the result of the merger of the origi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
