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Television networks are a lot like automobile manufacturers or anyone else who's in commerce. If something out there catches on with the public... I guess you can call it 'market research.'

We built a market at IEX that does not sell certain types of technology advantages to high-frequency traders, and as a result, the high-frequency traders that didn't rely on buying those advantages trade on IEX.

On the New York Stock Exchange, all buy and sell orders are routed through a single 'specialist,' guaranteeing that most small trades can be matched directly. But most larger trades are delivered to the specialist on the floor of the exchange by human brokers, a system that big investors view as increasingly inefficient.

How can you allow the trading companies to locate computers closer to exchanges and flash millions of bids to give an unfair advantage?... Even professionals are losing faith in some aspects of the system.

Many markets work best with little or no outside interference. But others - especially those subject to big 'externalities' - need a helping hand.

Well, another market is being created now out of Internet technology.

I had always been interested in markets - specifically, the theory that in financial markets, goods will trade at a fair value only when everyone has access to the same information.

There are two kinds of people in the entertainment industry: Those that close deals and those that don't.

Market type influences everything a company does. Strategy and tactics for one market type seldom work for another.

The Internet is about giving the consumer exactly what they want, whether there's an audience of one or 1,000 or 10,000, and then figuring out how to make money on it later.