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CNBC VIDEO: Katsuyama vs. O'Brien - who won the fight?

Today on CNBC's "Power Lunch," Brad Katsuyama, IEX; William O'Brien, BATS Global Markets president, "Flash Boys" author Michael Lewis; and CNBC's Bob Pisani, debated high-frequency trading and the perceived unfairness in the public exchanges. Following is a link to the video: and below is an article about the debate on All references must be sourced to CNBC.

Katsuyama vs. O'Brien - who won the fight? staff | @CNBC

It was the fight that stopped trading on the floor of the New York Stock Exchange—IEX's Brad Katsuyama vs. BATS Global Markets president William O'Brien on high-speed trading and 'rigged' markets.

"You want to do this? Let's do this," Katsuyama said in response to O'Brien's prodding.

"I really do," O'Brien said.

And off they went, for more than 20 minutes. Traders stood transfixed as the two argued over the very nature of the stock market and whether the average investor could even compete with the big guys. (Twitter stopped too; see the tweets here).

O'Brien pulled no punches in challenging Katsuyama and author Michael Lewis on their assertions that the market was unfair to ordinary investors.

"Shame on both of you for falsely accusing literally thousands of people and possibly scaring millions of investors in an effort to promote a business model," he said.

O'Brien challenged Katsuyama to repeat his claims from Lewis's book "Flash Boys," and Katsuyama took the bait.

"I believe the markets are rigged and I also think you're part of the rigging," he said.

It wasn't just the NYSE floor, though, that was agape — "finance Twitter" also came to a standstill.

For many, it was the most intense thing they'd seen on the news in years.

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