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institution1982–present

Timber Hill

Disciplines:
quantitative finance
quantitative trading/electronic trading
quantitative finance/options market making

Summary

Thomas Peterffy's options market making firm founded in 1982 — which developed electronic trading systems to price and trade options — and which became the foundation for Interactive Brokers.

Core Contribution

Developed the electronic options pricing and trading infrastructure that gave Thomas Peterffy a systematic edge on the trading floor — and proved that computer-assisted trading was superior to human intuition in options pricing — creating the foundation for Interactive Brokers.

Historical Influences

Thomas Peterffy

Intellectual Lineage

Thomas Peterffy Vision AMEX Options MarketElectronic Trading Pioneering

Contemporaries & Peers

Hull Trading Susquehanna International Group

Minds Influenced

Electronic trading industry Options market making

Intellectual Posterity

Interactive Brokers Electronic options market making

Discussing

Timber Hill

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