As an integral part of Michael Lewis' bestseller Flash Boys,
Ronan Ryan became a household name in the US equities market.
As President of IEX he developed his work as an electronic
trading expert and continues to level the playing field at the
trading venue that does things a little differently. Last week
IFLR's Americas editor sat down with Ronan to discuss IEX, the
market, high frequency trading and how the exchange sets itself
apart from the competition.
IEX was designed to institutionalise fairness in the
market through the use of technology, how successful do you
think that this has been? We are very proud of how it
has gone. We launched six years ago, in October 2013. At first
we just had the Speed Bump, we have the same Speed Bump now
with a 350 microsecond delay. Then we added a discretionary
peg, which is a delve into machine...