Thomas Peterffy

Discussion in 'Wall St. News' started by nkhoi, May 24, 2009.

  1. nkhoi

    nkhoi Moderator

    Thomas Peterffy

    How'd he get so rich? The founder and CEO of Interactive Brokers, Peterffy was born and raised in communist Hungary. Arriving in the U.S. as a young engineering draftsman with no knowledge of English, he instead communicated through the language of software. Today Jones estimates his fortune to be around $11 billion, which would make him almost twice as rich as fellow Greenwich resident, hedge fund honcho Steven Cohen of SAC Capital Advisors. Peterffy's Interactive Brokers, including his market-making unit Timber Hill, executes more than 2 million equity-based option contracts worldwide every day.
  2. Smart man. :)
  3. from what I understand , he was using real time computers while his competition was still scratching fair values on the back of napkins. And probably getting it wrong.

    Tougher game now. Much. As Mr. P would readily admit.

    But the money is already in the bank, and not likely to be lost.