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[1]: 15 The broker was founded and is chaired by Thomas Peterffy, an early innovator in computer-assisted trading. Approximately 23.5% of the company is publicly held. [1] Interactive Brokers is ranked 473rd on the Fortune 500. [3] The company traces its roots to T.P. & Co., a market maker founded in 1977 and renamed Timber Hill Inc. in 1982.
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Thomas Peterffy (born September 30, 1944) [1] is a Hungarian-born American billionaire businessman. He is the founder, chairman, and the largest shareholder of Interactive Brokers . [ 2 ] [ 3 ] Peterffy worked as an architectural draftsman after emigrating to the United States, and later became a computer programmer .
Many trade execution software allow advanced traders to develop their own trading strategies by using an application programming interface. Most stock brokerage firms will provide proprietary software linked directly to their in-house systems, but many third party applications are available through Independent software vendors .
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Brian Shannon, CMT (November 16, 1967) is an American author and technical analyst.Shannon published his acclaimed book entitled Technical Analysis Using Multiple Timeframes in 2008 to educate beginning and intermediate day traders on the tools and techniques that have made him "one of the best indie traders in the business".