

Boxes and Lines
Ronan Ryan, John Ramsay
In today's equity markets, the devil’s in the details. This is a podcast for traders, asset managers, and anyone who wants to understand the machinations, politics, and incentive structures underpinning our shared markets.
With irreverence and insight, IEX’s Ronan Ryan and John “JR” Ramsay hold court on market structure with Wall Street’s most savvy market practitioners, sharing their insiders’ view on how Wall Street really works. You'll never trade the same way again.
With irreverence and insight, IEX’s Ronan Ryan and John “JR” Ramsay hold court on market structure with Wall Street’s most savvy market practitioners, sharing their insiders’ view on how Wall Street really works. You'll never trade the same way again.
Episodes
Mentioned books

Jun 27, 2022 • 37min
Launching a Stock Exchange with Paul Bauccio of IEX
On this episode of Boxes and Lines, Ronan and JR talk to IEX's Paul Bauccio, who has been with the company for nearly a decade. Paul joined the team after previously working at the New York Stock Exchange to help transition the company from an ATS to a national securities exchange. They discuss the new opportunities and responsibilities that came along with becoming an exchange, their experiences on Wall Street during 9/11, and shifting to a remote workforce during the pandemic. Listen to more Boxes and Lines episodes and learn more at https://exchange.iex.io/podcast/

Jun 6, 2022 • 31min
Trading the (Crypto) Future with Boris Ilyevsky of Coinbase
On this episode of Boxes and Lines, hosts John Ramsay and Ronan Ryan are joined by Boris Ilyevsky, former Head of Market Development at IEX Exchange who is now the Director of Derivatives Product at Coinbase. They discuss his thoughts on futures trading for retail investors, crypto futures and regulation, and the evolution of fintech over the past decade. Listen to more Boxes and Lines episodes on https://exchange.iex.io/podcast/

May 23, 2022 • 33min
An Industry Divided with Shane Swanson of Coalition Greenwich
On this episode of Boxes and Lines, JR and Ronan chat with Coalition Greenwich Senior Analyst Shane Swanson about the results of a recent survey of sellside market participants that Coalition Greenwich conducted in partnership with IEX Exchange. The survey uncovered interesting insights about perspectives on market structure topics such as the rise of retail trading, exchange rebate tiers, and SEC priorities, as well as questions around how firms are assessing the blockchain and digital asset space. Recorded April 19, 2022.Listen to more Boxes and Lines episodes and learn more at https://exchange.iex.io/podcast/

May 9, 2022 • 35min
Weird Alliances, Competition, and Token Regulation with J.W. Verret of the Antonin Scalia Law School
On this episode of Boxes and Lines, hosts Ronan Ryan and John Ramsay are joined by J.W. Verret, Associate Professor at the Antonin Scalia Law School and an expert on the SEC and fintech space. They discuss the history of disagreements between market participants and the SEC, governing the Web3 ecosystem, and using crypto for social good. Recorded March 8, 2022. Listen to more Boxes and Lines episodes at iexexchange.io/podcast.

Apr 25, 2022 • 39min
From Bogle to Bitcoin (ETFs) with Eric Balchunas of Bloomberg Intelligence
On the latest episode of Boxes and Lines, Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence and co-host of Bloomberg’s “Trillions” podcast, joins Ronan and JR to tell us about larger-than-life Vanguard founder Jack Bogle, who reshaped the way millions of people invest their money. Bogel is the subject of Eric’s new book “The Bogle Effect,” out on April 26. They also chat about the history and prospects for Bitcoin ETFs, as well as Russia ETFs. Recorded April 7, 2022.

Apr 11, 2022 • 33min
Experiments, Tiers, and Calculated Risks with Eric Stockland of BMO Capital Markets
On this episode of Boxes and Lines, hosts John Ramsay and Ronan Ryan are joined by Eric Stockland, Managing Director, Global Markets at BMO Capital Markets and former Chief Strategy Officer at IEX, for a down-to-the-nitty-gritty trading discussion! They discuss the impact of tiny increments of speed in today’s market, maximizing outcomes for clients through experimentation, the importance of taking calculated risks, rebate tiers, and prioritizing people over algorithms. Recorded March 24, 2022.

Mar 14, 2022 • 32min
VC and Web3 with Matt Harris of Bain Capital Ventures
On this episode of Boxes and Lines, hosts John Ramsay and Ronan Ryan are joined by Matt Harris, Partner at Bain Capital Ventures and an investor in IEX! With over two decades of experience investing in fintech, Matt shares his insights on the evolution of the space, the challenges of going public, the emerging Web3 ecosystem, and running a company post-pandemic. Recorded on February 24, 2022. If you enjoyed Boxes and Lines, don't forget to subscribe, review and share! Learn more about IEX Exchange at https://iexexchange.ioContinue the conversation on Twitter.

Feb 14, 2022 • 36min
The Stock Market’s Morning Routine with Ramon Gonzalez of IEX Exchange
While you were still sleeping, the stock market was busy getting ready for the day. Ramon “Ray” Gonzalez, Head of Technology Operations for IEX Exchange, joins Ronan and JR to walk us through the checklist his team goes through every day – starting at 4 am – to get the market ready for smooth sailing. Plus, they delve into “bare metal” infrastructure, data centers, and the potential for exchanges to move into the cloud. Recorded January 31, 2022.

Jan 24, 2022 • 48min
The FYI on ESG with Paul Bodnar and Eric Van Nostrand of BlackRock
It may be a cliché to say that younger generations care more about “purpose,” but when over 70% of U.S. investors are expressing interest in sustainable investing, there’s obviously money on the line. Paul Bodnar and Eric Van Nostrand of BlackRock joined us during the fall edition of #BoxesAndLinesLIVE for an on-the-ground discussion of sustainable and social impact investing and the end retail investor. Recorded October 11, 2021.

Jan 10, 2022 • 39min
Fact, Fiction, and Finance: Hamilton and Burr
Think you know the story of Alexander Hamilton and Aaron Burr? Think again. Andy Kaplan, former partner at Greenlight Capital and Partner at Freedom’s Edge Cider in Maine joins guest host and IEX colleague Jayme Abrahamsen to tell us what gets missed in one of America’s founding myths – and why we should care. Recorded December 7, 2021.


