An Alternative Stock Market

The transcript discusses high frequency trading (HFT) and its impact on the financial market. It highlights the issues with exchanges selling high-speed data, which allows certain traders to gain unfair advantages. IEX, a new exchange, was created to address these issues by implementing a speed bump to level the playing field. The transcript also covers the challenges IEX faced, its growth, and predictions for the future of trading. Audience questions further explore these topics.

What role does technology play in the operations of IEX?

What are the potential benefits of eliminating rebates in trading?

What changes does the speaker predict for high frequency trading in the future?

How does the speaker view the future of exchanges and their accountability?