Part 8/9:
After facing significant pushback from Wall Street competitors, IEX finally received SEC approval in 2016. The introduction of IEX was more than just a new trading platform; it signified a hopeful shift towards leveling the playing field for all investors.
Conclusion: A New Dawn in Trading Practices
Katsuyama's journey from a frustrated trader in Canada to the creator of an exchange that prioritizes fairness presents a compelling narrative of resilience and innovation. By exposing the exploitative practices of high-frequency trading and crafting tangible solutions to combat them, Katsuyama has not only changed the landscape for institutional traders but has also prioritized the average investor's interests.