Trading Tech Talk 30: Talking HFT, Tech and Probability With Thomas Peterffy

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