The cofounders of IEX, the exchange operator made famous in Michael Lewis' popular book "Flash Boys," launched the company in 2012 to take on Wall Street's old guard.
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2 cofounders at the startup stock exchange taking on Wall Street give their best career advice
Brad Katsuyama and Ronan Ryan know what it takes to get ahead on Wall Street.
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It makes sense that Katsuyama and Ryan place a high value on curiosity. As chronicled in "Flash Boys," when Katsuyama was a trader at RBC in 2008, he set out to discover why "the market would move away from him," as Lewis put it, whenever he would make a trade.
Ultimately, that question led to the creation of a team at RBC tasked with the purpose of finding the answer. Some high-frequency traders, according to Katsuyama, were using access, purchased from exchanges, to get information about trades before everyone else. Katsuyama and Ryan founded IEX to upend this model.
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