075: Dan Aisen The Mechanics of a Dark Pool, and a Quest to Make Markets Fair w/ IEX Co-Founder

Published: June 2, 2016, 7:02 a.m.

b'For this episode, I had the great pleasure of speaking with Dan Aisen\\u2014one of the co-founders of IEX, and one of Forbes\\u2019 30 Under 30 in Finance (2015).\\nDan got his start at RBC where he developed their flagship execution algorithm, THOR. This was also where he met and worked under Brad Katsuyama\\u2014one of the other co-founders and CEO of IEX, who was heavily profiled in Flash Boys.\\nAs many of you may already know, IEX is an Alternative Trading System (ATS), or more commonly referred to as a dark pool. However, they\\u2019re currently in the midst of filing for exchange status.\\nDuring our talk, I asked Dan more about the projects he worked on at RBC, how IEX went from nothing more than an idea to an operating trading venue, and why they\\u2019re on a quest to make markets \\u201cfair\\u201d.\\nWe also discuss the \\u201cspeed bumps\\u201d which have been implemented at IEX, the mechanics of dark pools, and general chat about the broader market structure.\\n[FREE: An unreleased interview with trader, Peter Brandt]\\nPeter\\u2019s been a market speculator for 45+ years, and is undeniably one of the greats. Listen to his wisdom in our second interview\\u2014available here only.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'