The S&500, the broadest measure of stocks, hit a new high of 1884 today. The stock market celebrated by stopping trading for a moment to watch a debate on the future of the market unfold on CNBC.
It was a strange spectacle that also lit up twitter when IEX’s Brad Katsuyama took the challenge verbally shoved at him BATS Global Markets president William O’Brien and explained, in detail, how the market is rigged. Volume on the market noticeably dipped during the course of the debate and twitter lit up. It was a big moment in this history of the market.