Thomas Peterffy, the billionaire founder of Interactive Brokers, joins Real Vision to discuss how his company revolutionized the market-making industry and ultimately became the largest electronic brokerage in America.
He describes how Interactive Brokers rendered traditional open-outcry exchanges obsolete, whose remarkable inefficiency he saw as a tremendous opportunity. Peterffy argues that high-frequency trading poses black-swan risks to markets worldwide, and proposes several solutions to mitigate those risks.
Filmed on January 23, 2020, in West Palm Beach, Florida.
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