The Evolution of Fair Trading Practices in Finance

The chapter explores the development of fair trading practices in the finance industry, focusing on the creation of products like the Thor router at RBC and the 'shoe box' method used by IEX to mitigate high-frequency trading advantages. It discusses the challenges faced by IEX in building a fair market, attracting participants, and transforming the stock exchange landscape to prioritize equal access to market information. The conversation delves into the ongoing debate around high-frequency trading, technology's influence on the market, and the importance of fair practices in trading.