Visiting Lecturer: Brad Katsuyama, CEO of IEX | Business
Mar 21, 2017
7:30 PM - 9:00 PM
Zoellner Arts Center - Baker Hall
420 East Packer Avenue
Bethlehem PA 18015
Brad Katsuyama, the CEO of IEX will speak at Lehigh at 7:30 p.m. Tuesday, March 21, in Baker Hall. The talk—which is presented by the Center for Financial Services at the College of Business and Economics, the Visiting Lectures Committee and the Zoellner Arts Center—is free and open to the public. Doors open at 7pm.
Referred to as the most powerful person on the market floor by Michael Lewis, Brad Katsuyama is the subject of Lewis’ latest best-seller, Flash Boys: A Wall Street Revolt—one of the most provocative books ever to hit the financial market. The story reveals how the practice of computerized high-frequency trading (HFT) has allowed certain Wall Street players to work the stock market to their advantage. As the former Head of Electronic Sales & Trading at RBC, Katsuyama noticed seemingly small discrepancies (often fractions of a penny) that, when compounded, were costing his clients and many other major market players millions of dollars. He uncovered the inner-workings of this computerized trading system, and was one of the first to draw attention to a practice that—as Lewis puts it—is “rigging the market.” Katsuyama helped devise a plan to identify and correct the effects of HFT tactics with the creation of IEX, an upstart stock trading venue designed to institutionalize fairness through the use of technology.
Visit the Center for Financial Services website
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