

Boxes and Lines
Ronan Ryan, John Ramsay
In today's equity markets, the devil’s in the details. This is a podcast for traders, asset managers, and anyone who wants to understand the machinations, politics, and incentive structures underpinning our shared markets.
With irreverence and insight, IEX’s Ronan Ryan and John “JR” Ramsay hold court on market structure with Wall Street’s most savvy market practitioners, sharing their insiders’ view on how Wall Street really works. You'll never trade the same way again.
With irreverence and insight, IEX’s Ronan Ryan and John “JR” Ramsay hold court on market structure with Wall Street’s most savvy market practitioners, sharing their insiders’ view on how Wall Street really works. You'll never trade the same way again.
Episodes
Mentioned books

Jan 19, 2021 • 35min
Macroeconomic Policy Under the Biden Administration, with Henrietta Treyz of Veda Partners
Henrietta Treyz, Managing Partner & Director of Economic Policy at Veda Partners, joins Ronan and JR to discuss the outlook for macroeconomic policy, legislation, buybacks, tariffs, and more in the Biden administration. Primary recording December 22, addendum recorded January 11.

Jan 4, 2021 • 36min
BONUS: Doug Clark of Credit Suisse on his STA National Interview with Brett Redfearn
Before the SEC announced he was stepping down as the Trading and Markets Director by the end of 2020, Brett Redfearn sat down (virtually) with Credit Suisse Managing Director and Head of Americas Market Structure Doug Clark at STA National. Doug joins Ronan and JR to break down that interview and Brett’s biggest accomplishments in the role (recorded October 14).

Dec 21, 2020 • 35min
2021 Regulatory Predictions with Chris Ekimoff and Kurt Wolfe of the PLI inSecurities Podcast
inSecurities podcast co-hosts Chris Ekimoff, Financial Investigations & Disputes Southeast Region Leader at RSM US LLP, and Kurt Wolfe, Regulatory Investigations & Enforcement Attorney at Troutman Pepper, join Ronan and JR to discuss potential areas of focus for the SEC in the Biden administration, including enforcement, buybacks, ESG – and of course, who might be sitting in the big chair at the SEC (recorded November 30).
Additionally, for more information or to donate to the nonprofits mentioned on the episode, please visit the Network for Victim Recovery of DC (nvrdc.org) and La Cocina VA (lacocinava.org).

Dec 21, 2020 • 51min
BONUS: JR Joins the PLI inSecurities Podcast
Check out our rebroadcast of this episode of PLI’s inSecurities podcast, in which hosts Chris Ekimoff and Kurt Wolfe chatted with our own JR and Dan Eisemann of MFS about innovation in equity market structure and the nuances of algorithmic and high-frequency trading.
Find more episodes of the inSecurities podcast and subscribe at pli.edu/insecurities.

Dec 14, 2020 • 25min
BONUS: Wall Street Culture with Arbitrage Andy
Arbitrage Andy continues the finmeme education of Ronan and JR, covering deal sleds, the fascination with notorious figures in finance, and the inspiration behind his pseudonym.

Dec 7, 2020 • 40min
Democratizing Fintech, with Mazy Dar of OpenFin and Tim Baker of IEX Cloud
Mazy Dar, Co-Founder and CEO of OpenFin, joins Ronan, JR, and Tim Baker of IEX Cloud to discuss modernizing the desktop experience in finance, the new IEX Cloud Gateway app, and what it means to democratize app distribution.

Nov 23, 2020 • 34min
When the Buyside Outsources, with Dave Dalzell and Lance Meyerowich of Dalzell Trading, Brian Moran of FLX Distribution
David Dalzell, CEO and Founder of Dalzell Trading, Lance Meyerowich, Chief Revenue Officer of Dalzell Trading, and Brian Moran, CEO and Founder of FLX Distribution, join Ronan and JR to talk about the reasons buyside firms consider outsourcing aspects of their trading and distribution functions, how COVID is forcing everyone to try an “outsourced” model, and the keys to successful partnership.

Nov 12, 2020 • 1h 8min
BONUS: Volatility and the Election with Mike Green of Logica Capital (Live Recording)
On the afternoon of Election Day, November 3, Mike Green, Portfolio Manager and Chief Strategist at Logica Capital joined us for a live discussion about the growth of passive investing and what it means for the heterogeneity of the market and volatility.

Nov 10, 2020 • 33min
Enduring Trading Topics with Heidi Fischer of Instinet and Jenny Hadiaris of Cowen and Company
Heidi Fischer, Co-Head of Execution Services at Instinet, and Jenny Hadiaris, Global Head of Market Structure and Head of U.S. Electronic Trading Coverage at Cowen and Company, join Ronan and JR to discuss the topics that keep coming back, from inaccessible liquidity to the order protection rule, as well as the fierce, supportive community of women on Wall Street (recorded October 15).

Oct 26, 2020 • 37min
The State of Displayed Liquidity, with Adam Inzirillo of Cboe
Adam Inzirillo, Head of North American Equities at Cboe, joins Ronan and JR to talk about the state of displayed liquidity, the challenges and benefits of remote work, and why being innovative as an exchange matters (recorded October 6).