Challenges Facing 'Flash Boys' IEX CEO Brad Katsuyama
FT.com's Richard Henderson interview of the founder of the rival IEX exchange on why it has failed to capture much more than 3 per cent of the US equity trading market. Michael Lewis’s book 'Flash Boys' depicted Mr Katsuyama as a crusader against a market that had become 'rigged' to benefit high-speed traders. Financial Times (ft.com) video above published Jun 10, 2019.
IEX Stock Exchange is a stock exchange based in the United States. It was founded in 2012 and launched as a national securities exchange in September 2016. On October 24, 2017, IEX received regulatory approval from the SEC to list companies. IEX listed its first public company, Interactive Brokers, on October 5, 2018.
Eric Ries, Founder and CEO, The Long-Term Stock Exchange
Eric Ries, author, The Lean Startup; founder and CEO, The Long-Term Stock Exchange, in conversation with Leigh Gallagher, Fortune.com. Management teams are often pressured to make decisions based on short-term interests and not the long-term potential for their business. Can the public marketplace create better incentives to rid us of our need for fast results in favor of governance that benefits companies, investors, and our communities? Video above published Jun 27, 2018.
"We are building a market where companies are rewarded for choosing to innovate, to invest in their employees, and to seed future growth. And where companies can run their businesses with the stewardship that similarly aligned shareholders, stakeholders and society demand. Our vision is that companies in every industry will be able to go public while continuing to prioritize and pursue strategies for long-term success. That's a step forward for all of us."--Eric Ries, CEO and founder, LTSE
The U.S. Securities and Exchange Commission on Friday approved the creation of the Long-Term Stock Exchange, or LTSE, a Silicon Valley-based national securities exchange, proposed to the SEC in November 2018, by technology entrepreneur, author and startup adviser Eric Ries, who has been working on the idea for years.He raised $19 million from venture capitalists including Marc Andreessen, to get the project off the ground, but regulatory approval was required to launch and give high-growth technology companies more options to list their shares outside of the traditional New York stock exchanges. Tweets by ltse
