Jun 5, 2015
CTO Interview: Mark and Henry are joined by Thomas Peterffy, Founder, CEO and Chairman of Interactive Brokers.
They discuss:
- The HFT Sector
- The impact of the HFT sector on the marketplace
- Thomas' proposal for introducing a random amount of latency into the system
- Robotic typing and the benefit of leveling the playing field
- Mid-day auctions
- Static versus random delays
- Should developers become registered representatives?
- Exchange fragmentation
- Being against HFT vs. being for payment for order flow
- Is there a technological solution to the problems associated with spread books vis a vis market fragmentation?
- The flight of liquidity providers
- The Probability Lab
- Tools for advisors, and what Interactive Brokers is doing for that audience
- The Covestor acquisition