Thomas Peterffy Review

Description: 

Thomas Peterffy is the Chairman and Chief Executive Officer of Interactive Brokers Group, Inc. a global electronic brokerage firm with approximate market cap of $13 billion. Mr. Peterffy has been at the forefront of applying computer technology to automate trading and brokerage functions since he emigrated from Hungary to the United States in 1965.

In 1977, after purchasing a seat on the American Stock Exchange and trading as an individual marker maker in equity options, Mr. Peterffy is among the first to apply a computerized mathematical model to continuously value equity option prices. Five years later, Mr. Peterffy builds and runs an automated trading system for equity options and a year later, in 1983, he may be the first to develop a tablet computer for use by his employees trading on exchange floors. By 1986 Mr. Peterffy develops and employs a fully integrated, automated market making system for stocks, options and futures. As this pioneered system extends around the globe, online brokerage functions are added and, in 1993, Interactive Brokers is formed.

Today Interactive Brokers is the largest electronic broker as measured by DARTs, providing direct access trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, forex, bonds, CFDs and funds on over 100 trading venues around the world. Interactive Brokers Group and its affiliates execute about 1,000,000 trades per day.

Current company:  Interactive Brokers
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