Thomas Peterffy and Speed

29

August, 2012

 

Thomas Peterffy founded Interactive Brokers in the 1970s. He is credited with being a pioneer in electronic trading, and an authority who has looked at trading from many different perspectives, and who has adapted as well as consistently profited. Indeed, Interactive Brokers owns a high speed HFT market-making firm called Timber Hill that is certainly known to all in the industry space, specifically in the ETF and option space.

Peterffy has been speaking out against speed in the market place for the last two years. Beginning with the 2010 SEC Market

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