Boxes and Lines

Author: Ronan Ryan, John Ramsay

In today's equity markets, the devils 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, IEXs Ronan Ryan and John JR Ramsay hold court on market structure with Wall Streets most savvy market practitioners, sharing their insiders view on how Wall Street really works. You'll never trade the same way again.
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Language: en

Genres: Business, Investing

Contact email: Get it

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Boxes and Lines Lite: Welcome to the Pennyverse
Wednesday, 2 July, 2025

Subdollar stocks —those priced under $1—now make up nearly half of all share volume in U.S. markets, while contributing a fraction of the notional value (the actual dollar amount being traded). In this episode of Boxes and Lines Lite, Ronan and JR get into why this trend deserves more attention than it’s getting. From wild one-day volume spikes in penny stocks to distorted exchange market share and rebate incentives, they chat about how a handful of ultra-low-priced names are reshaping the trading landscape, and why it’s not just noise.