Why Wall Street hates this man

2/25/2016

NEW YORK -- Wall Street's enemies tend to be limited to lawmakers who have threatened to crack down on them such as Massachusetts Senator Elizabeth Warren and presidential candidate Bernie Sanders, both of whom have called for breaking up the banks.

Then there's Brad Katsuyama, the baby-faced founder of a financial startup who has vowed to fundamentally change the way stocks are bought and sold — all for the benefit of the little guy.

Katsuyama, 37, is the CEO of Investors' Exchange, or IEX. He starred in Michael Lewis' 2014 bestselling book, "Flash Boys," about the advantages the current market system can give to computer-powered traders.

After the book came out, high-speed trading was blamed for growing market turbulence, among other woes.

Critics, in turn, accused Katsuyama of painting the industry in an unfair light to win customers. He got into a heated debate on CNBC that so transfixed Wall Street, trading volumes dropped 8%, according to the cable news network. The Internet trolling got so bad the father of three deleted his Twitter app from his phone and considered hiring security, he told USA TODAY in an interview.

in full: http://www.usatoday.com/story/money/2016/02/25/why-wall-street-hates-man/79518728/