Why a Wall Street rebel left a $1.5-million job

Six years ago Brad Katsuyama walked away from a $1.5 million salary at the Royal Bank of Canada (RBC) with the audacious goal of creating a new stock exchange. Katsuyama, the main character of Michael Lewis’s 2012 book Flash Boys, left to co-found IEX and take on fabled Wall Street institutions like the New York Stock Exchange and NASDAQ.

In the inaugural episode of FWD: Thinking podcast, I interviewed Katsuyama about how he came up with the idea for IEX, his contingency plan, and his...

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