Interactive Brokers

“His second act interactive brokers is worth over a hundred billion dollars.”

“In 2019 on his 75th birthday, he stepped down as CEO, but retirement is out of the question. He's 81, chairman of Interactive Brokers, still owns nearly 70% of the business”

“I'm a computer programmer, and so are all the most important people in my company.”

“A pure play brokerage with four million customers, over seven hundred billion in client assets, and just 3000 employees, most of them engineers. In 2024, it generated 3.7 billion in profits on 5.2 billion in revenue. The company he took public at a twelve bill…”

“During the three hours we talked, Peterfee had made 1.7 billion.”

“Rather than pay the substantial fees demanded by investment banks, he chose a Dutch auction and hired an obscure firm to list 10% of his business. This saved him eighty million dollars.”

“The IPO wasn't about raising capital. He owned close to a hundred percent of the business having built it with Timber Hills cashflow.”

“In 1983, 27 years before Steve Jobs unveiled the iPad. Peterfi invented the first handheld trading computer.”