OddT: Maybe Peterffy wants out, and he can only sell his stake after he trims risk to near zero, and sells it like a cash cow. Who knows really?. So many reasons. With all its warts, IB is better than most brokers, IMHO. If he wants to sell at a premium, he can't wait for the next market drop.
Interactive Brokers suffers $22m market making loss
- Thread starter Zzzz1
- Start date
" (90%+ of my net worth is with IB) "
That would be very unusual. Just like an ad.
http://www.investopedia.com/terms/n/nominalvalue.asp
http://www.investopedia.com/terms/n/notionalvalue.asp
That would be very unusual. Just like an ad.
http://www.investopedia.com/terms/n/nominalvalue.asp
http://www.investopedia.com/terms/n/notionalvalue.asp
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Investors' expectation for ever-growing earnings could be a myth, also a challenge.
Everyone has a price. He probably has a price, and he knows the limits. Maybe he can get his price by trimming and divesting. I know I would, but on the other hand I would have done it long ago instead of growing the business. Who knows really?.
He is only 72, he probably has another 15 years to go. Hopefully he doesn't sell for a long time. Anybody who buys IB is going to raise prices by 20% immediately.
Agree, Robinhood is commision free as well but you'll end up paying more. These guys rely on selling their order flow (payment for order flow is illegal in my country). That alone would probably cost you $0.01/share.It is a hidden fee that retail investors don't care about.
Thomas Peterffy is trying to make IB the biggest broker in the world. He has moved to Florida and is a member at Mar A Lago. Maybe if the President puts him in charge of the SEC he will have to divest tax free. Alternatively he can just lobby the President to get rid of the pattern day trader rule and enforce restrictions on hft market making.
Always a boost to the ego when a McDonalds cashier made more than your Market Making division last year.
(I do love IB though
)
(I do love IB though
)
I suspect the bigger market makers have the tech to outsmart IB, so with their smart routing everyone gets a look, but if you can have huge multiples of positions on your books you will find a'fit' easier. Like Walmart buys shit from China cheaper than others buy shit from China