Thomas Peterffy, founder and CEO of Interactive Brokers.

Discussion in 'Economics' started by themickey, Nov 6, 2018.

  1. https://www.marketwatch.com/story/t...democrats-take-control-of-congress-2018-11-06

    The Hungarian-born billionaire, who ranks as the richest person in Florida — with a net worth of $25.7 billion, according to Forbes — predicted that the stock market could see a tumble of as much as 15%, if the so-called blue wave materializes. Even if the Democrats take only the House, the founder of Interactive Brokers said the market could face a 2% or 3% decline in equity values.
     
    dealmaker likes this.
  2. How is it possible to create $25.7 billion owning IB software?
    Is it possible that he is trading and using statistical data from his clients to have an edge?
     
  3. IB a buggy piece of software that raises complaints here by the week more than all other trading software combined, and he's worth $25.7 billion???
     
  4. RedDuke

    RedDuke

    Every complex software has bugs. Been using IB for over 10 years with no major issues. Just need to know its pitfalls.
     
    tom2, VPhantom and MoreLeverage like this.
  5. That "IB raises complaints here by the week more than all other trading software" is in itself a strong testament to the quality and success of IB.

    https://en.wikipedia.org/wiki/Base_rate_fallacy
     
    Last edited: Nov 6, 2018
  6. zdreg

    zdreg

    the large number of complaints are raised by the numerous midget traders who are on ET.
     
  7. zdreg

    zdreg

    be serious.
     
  8. ktm

    ktm

    Keep in mind...a significant portion of that $25B is commissions I've paid to them over the years.
     
    themickey likes this.
  9. Overnight

    Overnight

    What a maroon. What does he define as "the market"? He should look at the "the market" once in a while. We've had a few 2-3% declines in October in a single day. Who is he trying to spook at this point? He can bite my chode.
     
    Last edited: Nov 6, 2018
    #10     Nov 6, 2018