Interactive Brokers CEO, insiders on strategy, zero commissions - Business Insider

and job losses; some registered investment advisers, especially small ones, bristled at the thought of being forced to change custodians.worlds were upended in less than two months' time after Interactive Brokers sparked the rapid-fire, industry-wide domino effect.

On the firm's second-quarter earnings call last July, Peterffy had a colorful exchange an analyst around the simulated sports-betting game it recently announced. It was intended to attract new customers who may not have been familiar with the financial markets, but were "more familiar with the probabilities of spectator sports," the company said.

Customers' changing tastes and standards for what they'll pay for are quickly raising the bar, and that's leftMeanwhile, Interactive Brokers and its competitors are under pressure to keep costs low, especially against ultra-low US interest rates that have already eaten into their their bottom lines.investor presentation earlier this month

He took a liking to pricing options, and learned about the market. Peterffy, then in his early 20s, bought a seat on the American Stock Exchange, which is now owned by Intercontinental Exchange. The predecessor to Interactive Brokers, Timber Hill, was formed. sold its US options market-making business"I started it with my savings," Peterffy said. "I grew it into a huge enterprise, and it's the only thing I know. It's what I've done all my life.

But Peterffy, who remains the chairman, is still very much the face of the company. The firm did not make Galik available for an interview for this article, and he was not on the fourth-quarter earnings call held last month.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Business InsiderDespite Alibaba's promising performance on the back of Single's Day 2019, the coronavirus outbreak may weaken its sales in the future $BABA vs
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

How biotechs can prove to insurers they should cover new drugs - Business InsiderBiotech executives at the BIO CEO conference in New York told Business Insider what companies need to do to successfully launch new treatments.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Yelp's new ad products will benefit from 5G - Business Insider - Business InsiderAs carriers launch commercial 5G networks, Yelp is positioning itself to take advantage by providing ad products that leverage mobile location data
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Physician adoption of digital health tools spikes - Business Insider - Business InsiderAn American Medical Association study showed that physicians' use of digital health solutions increased in every category over the past three years.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Sunrun strategy: rooftop solar, batteries to aid grid, avoid blackouts - Business InsiderSunrun is crushing Tesla in the market for solar panels that go on your roof. A top exec revealed a key piece of the $2.5 billion company's strategy to widen its lead.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Microsoft's Jared Spataro says company has a 'no compromise strategy' - Business InsiderMicrosoft 365 head Jared Spataro says most of its competitors are 'point players.' Its rivals include Slack, Google's G Suite, Zoom, Dropbox, and Box.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »