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