Against the Rules with Michael Lewis The Magic Shoebox
28 snips
May 14, 2019 
Brad Katsuyama, co-founder of IEX and former head of trading at the Royal Bank of Canada, and Ronan Ryan, a key player in high-frequency trading, dive into the cutthroat world of Wall Street. They reveal how milliseconds can make millions, discussing their mission to create a fairer stock exchange. The duo shares humorous anecdotes about the challenges posed by trading technology and ethical dilemmas in finance. Their insights prompt a reflection on the importance of integrity amidst the chaos of high-speed trading.
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Walker's Stock Pick
- Michael Lewis discusses the stock market with his 11-year-old son, Walker.
- Walker uses his school iPad to look up stocks and finds a listing for "Fartox."
Fartox Investigation
- Michael Lewis and Walker investigate the company "Fartox", which Walker found on his stock app.
- They determine it is not a real company, prompting further discussion about the stock market.
Broker Commission Outrage
- Michael Lewis recalls his childhood outrage at his father explaining broker commissions.
- He planned to egg the broker's house due to the perceived unfairness.