Economics & Economy

David Brancaccio

There's going to be a new fully fledged stock exchange after some nail-biting suspense and intense opposition from existing stock exchanges. The IEX exchange, which the Securities and Exchange Commission approved on Friday, is designed to prevent rapid-fire traders from having the upper hand. Co-founder Brad Katsuyama — protagonist of "Flash Boys," the bestselling book about high-frequency traders — is celebrating the long-fought regulatory approval. Katsuyama joined us to chat about his victory and what's in store for the IEX.

On today's show, we'll talk about why Elon Musk wants Tesla and SolarCity to merge; explore Brexit's effect on the markets; and interview Brad Katsuyama, IEX co-founder, about his new stock exchange. 

A Brexit could hit Japanese currency traders hard

Jun 22, 2016
Andy Uhler

Hundreds of thousands of retail investors in Japan are women and they do it from home. Day trading became popular among Japanese housewives in the 1990s.

So, with Britain’s future up in the air, why are so many of these investors holding on to so much pound sterling?

Shihoko Goto, senior Northeast Asia associate at the Woodrow Wilson Center's Asia Program, said many Japanese were buying the pound because it's one of the few markets Japanese currency markets investors can readily access.

"The Japanese really don’t have a lot of places to park their money," she said.

What happens when shipping lines build for growth that never comes

Jun 22, 2016
David Brancaccio, Katie Long and Justin Ho

This Sunday, that superhighway of global commerce, the Panama Canal, now widened for much bigger ships will open for business. The opening of the canal is a moment of crowning glory for Panama, but not a moment of crowning glory for globalization.

Marketplace Tech for Wednesday, June 22, 2016

Jun 22, 2016

On today's show, we'll talk about new drone guidelines from the Federal Aviation Administration; look at the recent hack against digital currency Ethereum; and interview the band Son Lux, which just released a new EP called "Stranger Forms."