Thomas Peterffy

From MarketsWiki
Revision as of 19:46, 15 May 2019 by JohnJLothian (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search


HKEX 728x90 v6.gif


Thomas Peterffy
Peterffy pic.jpg
Occupation Chairman and CEO
Employer Interactive Brokers Group
Location Greenwich, US
Website www.interactivebrokers.com

Thomas Peterffy is the founder, chairman and chief executive officer of Interactive Brokers Group, Inc., the U.S.-based broker-dealer and proprietary trading business.[1][2]

He announced in January 2019 that he will step down as CEO in Q3 2019, concurrent with his 79th birthday, after running Interactive Brokers for 42 years. He appointed Milan Galik as CEO but will remain chairman.[3]

History[edit]

Peterffy emigrated from Hungary to the United States in 1965.[4] After working for 10 years as computer programmer, he became a member and options trader at the American Stock Exchange.

Peterffy developed hand-held computers as an aide to floor trading in the early 1980s, ahead of much of the rest of the industry. He established Timber Hill as a proprietary trading firm and used his technological edge to make it into a major market making firm.

When high-speed trading came along it squeezed the profit out of Timber Hill's computer-driven marketmaking operation, so Peterffy looked to develope his own discount brokerage.[5] He began developing a communications network in the 1980s for routing orders to exchanges and stock markets around the world, which became the foundation for Interactive Brokers Group, Inc. His smart order routing systems created a model for customer execution.[6][7]

Awards[edit]

Peterffy received the Joseph P. Sullivan Award at the 24th Annual Options Industry Conference in May 2006, and in 2007 he was inducted into the FIA Futures Hall of Fame.

In November of 2007, Peterffy received the American Hungarian Foundation George Washington Award.[8]

Articles[edit]

"Thomas Peterffy: Innovative Broker" by Jim Kharouf in CME Group Magazine www.cmegroup.com/magazine

Published Works, Statements & Speeches[edit]

  • Investment Strategy[9]
  • SPEECH OF THOMAS PETERFFY. BEFORE THE INTERNATIONAL OPTIONS MARKETS ASSOCIATION[10]
  • Statement of Thomas Peterffy Chairman, Interactive Brokers Group to SEC[11]

Registration Information[edit]

  • Thomas Pechy Peterffy - NFA ID 0258601
  • Interactive Brokers LLC - NFA ID 0258600
  • Timber Hill LLC - NFA ID 0264315

References[edit]

John Lothian News logo1.png

@JohnLothian Twitter Feed

@JohnLothian: JSR’s Eric Johnson: ‘I encourage people to tell me exactly how they think’ via @FT
JSR’s Eric Johnson: ‘I encourage people to tell me exactly how they think’ via @FT https://t.co/RXg3ndA7Sm— John Lothian (@JohnLothian) June 27, 2022

View Page

@JohnLothian: Global CEOs urge G7 leaders to step up climate action via @FT
Global CEOs urge G7 leaders to step up climate action via @FT https://t.co/jruLJNl3VU— John Lothian (@JohnLothian) June 27, 2022

View Page

@JohnLothian: Far from the battlefield, Moscow’s generals fight a falling birth rate via @FT
Far from the battlefield, Moscow’s generals fight a falling birth rate via @FT https://t.co/ODB7ytue7V— John Lothian (@JohnLothian) June 27, 2022

View Page

@JohnLothian: European energy crisis reignites debate over closure of Groningen reserve via @FT
European energy crisis reignites debate over closure of Groningen reserve via @FT https://t.co/ctnvhZgQew— John Lothian (@JohnLothian) June 27, 2022

View Page

@JohnLothian: G7 aims to hurt Russia with price cap on oil exports via @FT
G7 aims to hurt Russia with price cap on oil exports via @FT https://t.co/j5yTkvoSyR— John Lothian (@JohnLothian) June 27, 2022

View Page

@JohnLothian: Opinion | Vaccines Don’t Prevent Covid - The Wall Street Journal
Opinion | Vaccines Don’t Prevent Covid - The Wall Street Journal https://t.co/a8nMKLncTP— John Lothian (@JohnLothian) June 27, 2022

View Page

We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.