The Wall Street Archives on Instagram: "The CNBC fight that cracked Wall Street on live TV. On March 31, 2014, Brad Katsuyama went on CNBC and publicly accused the market of being rigged — sitting feet away from William O’Brien, a senior executive at BATS Global Markets. The backdrop wasn’t drama — it was data. At the time, high-frequency firms were responsible for 50–60% of all U.S. equity trading volume, using speed advantages measured in microseconds to detect and trade ahead of slower orders
1:39
The Wall Street Archives on Instagram: "The CNBC fight that cracked Wall Street on live TV. On March 31, 2014, Brad Katsuyama went on CNBC and publicly accused the market of being rigged — sitting feet away from William O’Brien, a senior executive at BATS Global Markets. The backdrop wasn’t drama — it was data. At the time, high-frequency firms were responsible for 50–60% of all U.S. equity trading volume, using speed advantages measured in microseconds to detect and trade ahead of slower orders
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