Transcript
Introduction
Zack
I'm Zack Fuss and today we are breaking down Interactive Brokers, widely recognized as IBKR. Founded in 1978, Interactive Brokers evolved from a market maker on the American Stock Exchange to a global cutting-edge electronic brokerage firm. Its founder, Thomas Peterffy, remains far and away its largest shareholder and has earned his place as one of the wealthiest people in the world.
Peterffy came to the US from Hungary as an immigrant who spoke no English and taught himself computer programming in the 70s. Eventually he pioneered automated trading and played a crucial role in the digitization of financial markets. Today, we'll explore the journey of IBKR from its early days as Timberhill to its current status as a publicly traded company with a market cap of nearly $80 billion.