Boxes and Lines

Nine interns. Two hosts with varying levels of preparation. Our 2026 intern class joins Ronan and JR to talk about what surprised them about working in finance, how they’re actually using AI, what Gen Z wants from work, and what they’ve learned about starting a career. Plus, the interns turn the questions on Ronan and JR, including what they’d do differently if they were starting over at 22. Hit play! 

JR and Ronan sit down with Tom Chippas and Matt Trudeau of Rothera, a new federally regulated prediction and event markets exchange. Drawing on decades of experience across exchanges, trading, and market structure, they discuss how prediction markets work, how they're regulated, and whether they represent a new horizon of financial infrastructure or something else entirely.

Most people know Aaron Burr as the man who killed Alexander Hamilton. But what if that's the least interesting thing about him? In this special Fourth of July B&L re-release celebrating America's 250th birthday, Jayme Abrahamsen (IEX Exchange Business Development) and Andy Kaplan (Greenlight Capital and Freedom's Edge Cider) explore how Aaron Burr became one of history's greatest villains and why his legacy may deserve another look. Original airdate: January, 2023.

What happens when $84 trillion changes hands? In this episode of Boxes and Lines, Ronan and JR talk with Stephanie Luedke, Head of Private Wealth at Neuberger Berman, about the forces reshaping wealth management. Stephanie discusses the massive generational transfer of wealth underway between boomers, Gen X, and millennials, how younger investors are changing expectations around values-based investing, and why trust will always remain at the center of financial advice. She also reflects on her unconventional path from aspiring ballerina to finance, women’s shifting presence in financial services in recent years, and the money advice her dad gave her that’s stuck with her years later. 

Ronan and JR sit down with Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth Management, co-host of the Animal Spirits podcast, and author of the new investing book Risk and Reward. The book uncovers one of the hardest truths in investing: there’s no secret formula. Ben gets into how investor behavior matters more than stock picking, how volatility and uncertainty shape decision-making, and why long-term discipline still beats chasing the latest market craze. Plus: pushups as currency.

Ronan's boyhood dreams come true when New York Giant Phil McConkey, who was part of the team's 1986 championship win, stops by Boxes and Lines. Phil entered the financial services world after retiring from the NFL in 1989, later joining Academy Securities where he is now vice chairman. Academy Securities is a disabled veteran-owned and operated investment bank, and nearly half of its employees are military veterans. This includes Phil, who served as a Navy officer and helicopter pilot before joining the Giants at the age of 27. Phil joins Ronan and JR for a wide-ranging conversation about the connections between football and finance, leadership and what it means to fail and get back up - even when you still feel like "the skinny kid from Buffalo." 

“Retail investor” used to mean one thing: long-term and passive. Not anymore. In this episode of Boxes and Lines, Ronan and JR unpack how retail trading has grown into a wide spectrum: from traditional hands-off 401(k) investors to 24/7 app-driven traders navigating options, predictions markets, and beyond. Plus: JR goes full “concerned grandfather.” Hit play.

What is the “best price” and who actually gets to see it? Ronan and JR are talking odd lots (trades smaller than 100 shares) and why they now make up the majority of transactions. Regulatory changes mean that odd lot quotes will be used to compute the NBBO. It’s a deceptively small topic with implications for market transparency and execution quality. Plus: Boston accents, unwanted socks, and Ronan asking at least one “smaht” question.

Ronan Ryan and John Ramsey are joined by Reid Noch, Vice President of U.S. Equity Market Structure at TD Securities, for a wide-ranging conversation on three of the most talked-about (and most misunderstood) topics right now. Reid walks through how prediction markets are evolving beyond sports betting, why tokenization is as much a regulatory story as a technology one, and how changes in settlement, liquidity, and market hours could reshape participation across retail and institutional trading. 

ETF.com's Dave Nadig is back on Boxes and Lines for our annual check-in on what's going to actually matters in markets for the year ahead, even if we never quite get to a formal list of “predictions.” Instead, Ronan and JR talk with Dave about what the last year revealed: record ETF flows and launches, what feels like a wild-west phase of financial innovation, rising speculation, and the blurring line between active and passive investing. They also explore tokenization, regulation, and why ETF plumbing may be sturdier than many critics assume. 

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