Thomas Peterffy, founder and CEO of Interactive Brokers.

[themickey]

https://www.marketwatch.com/story/t...democrats-take-control-of-congress-2018-11-06

The Hungarian-born billionaire, who ranks as the richest person in Florida — with a net worth of $25.7 billion, according to Forbes — predicted that the stock market could see a tumble of as much as 15%, if the so-called blue wave materializes. Even if the Democrats take only the House, the founder of Interactive Brokers said the market could face a 2% or 3% decline in equity values.

 

[themickey]

How is it possible to create $25.7 billion owning IB software?
Is it possible that he is trading and using statistical data from his clients to have an edge?

 

[themickey]

IB a buggy piece of software that raises complaints here by the week more than all other trading software combined, and he's worth $25.7 billion???

 

[RedDuke]

IB a buggy piece of software that raises complaints here by the week more than all other trading software combined, and he's worth $25.7 billion???

Every complex software has bugs. Been using IB for over 10 years with no major issues. Just need to know its pitfalls.

 

[Maverick2608]

IB a buggy piece of software that raises complaints here by the week more than all other trading software combined, and he's worth $25.7 billion???

That "IB raises complaints here by the week more than all other trading software" is in itself a strong testament to the quality and success of IB.

https://en.wikipedia.org/wiki/Base_rate_fallacy

 

[zdreg]

IB a buggy piece of software that raises complaints here by the week more than all other trading software combined, and he's worth $25.7 billion???

the large number of complaints are raised by the numerous midget traders who are on ET.

 

[zdreg]

How is it possible to create $25.7 billion owning IB software?
Is it possible that he is trading and using statistical data from his clients to have an edge?

be serious.

 

[themickey]

That "IB raises complaints here by the week more than all other trading software" is in itself a strong testament to the quality and success of IB.
https://en.wikipedia.org/wiki/Base_rate_fallacy

https://www.google.com/search?q=interactive+broker+complaints&ie=utf-8&oe=utf-8

 

[ktm]

How is it possible to create $25.7 billion owning IB software?
Is it possible that he is trading and using statistical data from his clients to have an edge?

Keep in mind...a significant portion of that $25B is commissions I've paid to them over the years.

 

[Overnight]

... Even if the Democrats take only the House, the founder of Interactive Brokers said the market could face a 2% or 3% decline in equity values.

What a maroon. What does he define as "the market"? He should look at the "the market" once in a while. We've had a few 2-3% declines in October in a single day. Who is he trying to spook at this point? He can bite my chode.