- published: 02 Apr 2014
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Bradley 'Brad' Katsuyama is a financial services executive, working as the president, CEO and co-founder of the IEX, the Investors Exchange. Katsuyama is also the focus of Flash Boys, a non-fiction book by Michael Lewis about high-frequency trading (HFT) in the financial markets.
Born in 1978, Katsuyama is a native of Markham, Ontario, Canada and is a graduate of Wilfrid Laurier University in Waterloo, Ontario. He is married with two children. Katsuyama lives in New York with his wife Ashley and his two sons, Brandon and Rylan.
Before founding IEX, Katsuyama worked for many years at the Royal Bank of Canada (RBC), where he was formerly the Global Head of Electronic Sales and Trading. In this role, he was responsible for multiple global teams including: electronic sales, electronic trading, algorithmic trading, market structure strategy, client implementation and product management. His prior management roles at RBC were Head of US Cash Equity Trading, Head of US Hedge Fund Coverage, and Head of US Technology Trading.
Brad is a masculine given name, that may be a short form of Bradford or Bradley. Brad may refer to:
Katsuyama may refer to:
Michael Monroe Lewis (born October 15, 1960) is an American non-fiction author and financial journalist. His bestselling books include Liar's Poker (1989), The New New Thing (2000), Moneyball: The Art of Winning an Unfair Game (2003), The Blind Side: Evolution of a Game (2006), Panic (2008), Home Game: An Accidental Guide to Fatherhood (2009), The Big Short: Inside the Doomsday Machine (2010), and Boomerang: Travels in the New Third World (2011). He has also been a contributing editor to Vanity Fair since 2009. His most recent book, Flash Boys, which looked at the high-frequency trading sector of Wall Street, was released in 2014.
Lewis was born in New Orleans, to corporate lawyer J. Thomas Lewis and community activist Diana Monroe Lewis. He attended the college preparatory Isidore Newman School in New Orleans. He then attended Princeton University where he received a BA degree (cum laude) in Art History in 1982 and was a member of the Ivy Club.
He went on to work with New York art dealer Daniel Wildenstein. He enrolled in the London School of Economics, and received his MA degree in Economics in 1985. Lewis was hired by Salomon Brothers and moved to New York for their training program. He worked at its London office as a bond salesman. He resigned to write Liar's Poker and become a financial journalist.
Wall Street is a 0.7-mile-long (1.1 km) street running eight blocks, roughly northwest to southeast, from Broadway to South Street on the East River in the Financial District of Lower Manhattan, New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial sector (even if financial firms are not physically located there), or signifying New York-based financial interests.
Anchored by Wall Street, New York City has been called both the most economically powerful city and the leading financial center of the world, and the city is home to the world's two largest stock exchanges by total market capitalization, the New York Stock Exchange and NASDAQ. Several other major exchanges have or had headquarters in the Wall Street area, including the New York Mercantile Exchange, the New York Board of Trade, and the former American Stock Exchange.
There are varying accounts about how the Dutch-named "de Waal Straat" got its name. A generally accepted version is that the name of the street was derived from an earthen wall on the northern boundary of the New Amsterdam settlement, perhaps to protect against English colonial encroachment or incursions by Native Americans. A conflicting explanation is that Wall Street was named after Walloons— the Dutch name for a Walloon is Waal. Among the first settlers that embarked on the ship "Nieu Nederlandt" in 1624 were 30 Walloon families. The Dutch word "wal" can be translated as "rampart". However, even some English maps show the name as Waal Straat, and not as Wal Straat.
Debate about High Frequency Trading (HFT) between William O'Brien, BATS Global Markets Presidents, Brad Katsuyama, IEX Group President, and Michael Lewis, Author of Flash Boys. Broadcasted on CNBC April 2, 2014.
Latency Arbitrage and Electronic "front-running" part of the problem.
Speakers: Brad Katsuyama, President, CEO & Co-founder, IEX Michael Lewis, Best-selling Author of Flash Boys: A Wall Street Revolt; The Big Short; Moneyball: The Art of Winning an Unfair Game; The Blind Side: Evolution of a Game; and many more Moderator: Rami Barintzky, Managing Director, Sapphire Ventures The acclaimed book by Michael Lewis, Flash Boys: A Wall Street Revolt was released in 2014 and spent four consecutive weeks at the top spot on the New York Times bestseller list. It focuses on the rise of high-frequency trading in the United States and the consequences of the race for speed in the stock markets. Brad Katsuyama left RBC after 12 years to launch IEX with eight other co-founders and advance a quest to level the playing field and fight against unfair advantages being sold to...
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.
Episode 13 of Wall Street Week features Brad Katsuyama, co-founder and CEO of IEX Trading and subject of Michael Lewis' best-selling book "Flash Boys," and Steven Einhorn, Vice Chairman of Omega Advisors. Topics include high-frequency trading (HFT), market structure, and economic and investment outlook.
The bestselling book, Flash Boys, made Brad Katsuyama a folk hero. His new platform, IEX, is poised to make him millions. Check out our full video catalog: http://www.youtube.com/user/forbes/videos Follow FORBES VIDEO on Twitter: http://www.twitter.com/forbesvideo Like FORBES VIDEO on Facebook: http://fb.com/forbesvideo Follow FORBES VIDEO on Instagram: http://instagram.com/forbesvideo For more FORBES content: http://forbes.com
Omega Advisors Vice Chairman Steven Einhorn and IEX Trading CEO Brad Katsuyama discuss the effects of high-frequency trading (HFT).
WORTH Power 100 Summit, October 17, 2016 Jon Stein, Founder and CEO, Betterment Brad Katsuyama, CEO and Cofounder, IEX
IEX co-founder and CEO Brad Katsuyama on how a Trump presidency and deregulation could impact markets and investors.
Debate about High Frequency Trading (HFT) between William O'Brien, BATS Global Markets Presidents, Brad Katsuyama, IEX Group President, and Michael Lewis, Author of Flash Boys. Broadcasted on CNBC April 2, 2014.
Latency Arbitrage and Electronic "front-running" part of the problem.
Speakers: Brad Katsuyama, President, CEO & Co-founder, IEX Michael Lewis, Best-selling Author of Flash Boys: A Wall Street Revolt; The Big Short; Moneyball: The Art of Winning an Unfair Game; The Blind Side: Evolution of a Game; and many more Moderator: Rami Barintzky, Managing Director, Sapphire Ventures The acclaimed book by Michael Lewis, Flash Boys: A Wall Street Revolt was released in 2014 and spent four consecutive weeks at the top spot on the New York Times bestseller list. It focuses on the rise of high-frequency trading in the United States and the consequences of the race for speed in the stock markets. Brad Katsuyama left RBC after 12 years to launch IEX with eight other co-founders and advance a quest to level the playing field and fight against unfair advantages being sold to...
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.
Episode 13 of Wall Street Week features Brad Katsuyama, co-founder and CEO of IEX Trading and subject of Michael Lewis' best-selling book "Flash Boys," and Steven Einhorn, Vice Chairman of Omega Advisors. Topics include high-frequency trading (HFT), market structure, and economic and investment outlook.
The bestselling book, Flash Boys, made Brad Katsuyama a folk hero. His new platform, IEX, is poised to make him millions. Check out our full video catalog: http://www.youtube.com/user/forbes/videos Follow FORBES VIDEO on Twitter: http://www.twitter.com/forbesvideo Like FORBES VIDEO on Facebook: http://fb.com/forbesvideo Follow FORBES VIDEO on Instagram: http://instagram.com/forbesvideo For more FORBES content: http://forbes.com
Omega Advisors Vice Chairman Steven Einhorn and IEX Trading CEO Brad Katsuyama discuss the effects of high-frequency trading (HFT).
WORTH Power 100 Summit, October 17, 2016 Jon Stein, Founder and CEO, Betterment Brad Katsuyama, CEO and Cofounder, IEX
IEX co-founder and CEO Brad Katsuyama on how a Trump presidency and deregulation could impact markets and investors.
Speakers: Brad Katsuyama, President, CEO & Co-founder, IEX Michael Lewis, Best-selling Author of Flash Boys: A Wall Street Revolt; The Big Short; Moneyball: The Art of Winning an Unfair Game; The Blind Side: Evolution of a Game; and many more Moderator: Rami Barintzky, Managing Director, Sapphire Ventures The acclaimed book by Michael Lewis, Flash Boys: A Wall Street Revolt was released in 2014 and spent four consecutive weeks at the top spot on the New York Times bestseller list. It focuses on the rise of high-frequency trading in the United States and the consequences of the race for speed in the stock markets. Brad Katsuyama left RBC after 12 years to launch IEX with eight other co-founders and advance a quest to level the playing field and fight against unfair advantages being sold to...
The Buttonwood Gathering 2015 February 10th / New York, NY What are the business and cultural ramifications of new regulations for financial institutions and investors? Despite regains in the stock market, trading volumes are declining toward historical lows. Is this an ancillary result of regulations aimed at making the markets less volatile, or a reflection of hesitation by traders and retail investors’ still leery of the economy in the wake of the financial crisis? What can be expected from expanded financial stability requirements and restrictions on speculative proprietary trading? While financial institutions adjust to the impacts of increased oversight, Main Street remains weary and resentful of Wall Street. When will trust be regained? What role should self-regulation and realign...
EP 075: The mechanics of a dark pool, and a quest to make markets “fair” w/ Dan Aisen from IEX For this episode, I had the great pleasure of speaking with Dan Aisen—one of the co-founders of IEX, and one of Forbes’ 30 Under 30 in Finance (2015). Dan got his start at RBC where he developed their flagship execution algorithm, THOR. This was also where he met and worked under Brad Katsuyama—one of the other co-founders and CEO of IEX, who was heavily profiled in Flash Boys. As many of you may already know, IEX is an Alternative Trading System (ATS), or more commonly referred to as a dark pool. However, they’re currently in the midst of filing for exchange status. During our talk, I asked Dan more about the projects he worked on at RBC, how IEX went from nothing more than an idea to an ope...
Les Nouveaux Loups De Wall Street, Ali Baddou (Reportage Canal+) Depuis la crise des subprimes en 2008.Mais, pour certains, une nouvelle pratique financière pourrait avoir des effets aussi dévastateurs. Cette pratique porte un nom : le Trading Haute Fréquence (THF). Aujourd'hui, dans l'univers de la finance, les ordinateurs ultrarapides commandent 70 % des opérations boursières aux États-Unis et déjà 40 % en Europe. Ils interviennent sur les marchés pour acheter et vendre à la vitesse de la lumière. Les programmeurs de ces machines sont devenus "les nouveaux loups de Wall Street". Les traders en chair et en os ont déserté la Bourse au profit d'ordinateurs toujours plus puissants guidés par des formules mathématiques : les algorithmes. Les règles de fonctionnement ne sont connues que par un...
Show notes / links: Aaron Sorkin says in an email to Sony execs “they’re aren’t any Asian movie stars.” http://www.valuewalk.com/2014/12/sony-avoid-loeb-email-says-flash-boys-needs-plot/ Other "Flash Boys" links: CNBC fight (all time classic): http://www.valuewalk.com/2014/04/flash-boys-fight-cnbc-reveals-emotions-behind-high-stakes-battle/ http://www.valuewalk.com/2014/05/katsuyama-hft-vs-market-makers/ Bill Ackman: Ackman Chicago trip was like a movie: http://www.valuewalk.com/2015/01/ackman-herbalife-chicago/ Ackman video release as a result of Chicago event: http://www.valuewalk.com/2015/01/bill-ackman-just-released-following-video-herbalife/ Rapid fire talk at end of program: GoPro competition identified by hedge funds in August 2014: http://www.valuewalk.com/2014/08...
High-frequency trading (HFT) is a primary form of algorithmic trading in finance. Specifically, it is the use of sophisticated technological tools and computer algorithms to rapidly trade securities. HFT uses proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second. It is estimated that as of 2009, HFT accounted for 60-73% of all US equity trading volume, with that number falling to approximately 50% in 2012. High-frequency traders move in and out of short-term positions at high volumes aiming to capture sometimes a fraction of a cent in profit on every trade. HFT firms do not consume significant amounts of capital, accumulate positions or hold their portfolios overnight. As a result, HFT has a potential Sharpe ratio (a mea...
Les Nouveaux Loups De Wall Street, Ali Baddou (Reportage Canal+) Depuis la crise des subprimes en 2008.Mais, pour certains, une nouvelle pratique financière pourrait avoir des effets aussi dévastateurs. Cette pratique porte un nom : le Trading Haute Fréquence (THF). Aujourd'hui, dans l'univers de la finance, les ordinateurs ultrarapides commandent 70 % des opérations boursières aux États-Unis et déjà 40 % en Europe. Ils interviennent sur les marchés pour acheter et vendre à la vitesse de la lumière. Les programmeurs de ces machines sont devenus "les nouveaux loups de Wall Street". Les traders en chair et en os ont déserté la Bourse au profit d'ordinateurs toujours plus puissants guidés par des formules mathématiques : les algorithmes. Les règles de fonctionnement ne sont connues que par un...
Les Nouveaux Loups De Wall Street, Ali Baddou (Reportage Canal+) Depuis la crise des subprimes en 2008.Mais, pour certains, une nouvelle pratique financière pourrait avoir des effets aussi dévastateurs. Cette pratique porte un nom : le Trading Haute Fréquence (THF). Aujourd'hui, dans l'univers de la finance, les ordinateurs ultrarapides commandent 70 % des opérations boursières aux États-Unis et déjà 40 % en Europe. Ils interviennent sur les marchés pour acheter et vendre à la vitesse de la lumière. Les programmeurs de ces machines sont devenus "les nouveaux loups de Wall Street". Les traders en chair et en os ont déserté la Bourse au profit d'ordinateurs toujours plus puissants guidés par des formules mathématiques : les algorithmes. Les règles de fonctionnement ne sont connues que par un...