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Mar 1, 2017 · The inhospitable environment in Hungary, created by a harsh Soviet rule and the bloody revolutions against it, saw a lot of people fleeing the country in search of better fortunes; Peterffy’s...
- Tarun Mittal
- Immigrant to Entrepreneur
- Interactive Brokers' Keys to Success
- New Developments For Peterffy's Company
Peterffy was born in 1944 in the bomb shelter of a Hungarian hospital during a Russian air raid. Eventually, after beginning studies in engineering, he gathered the courage and resources to immigrate to the United States in the mid-1960s. When he arrived, he knew no English and had zero resources. Through perseverance, Peterffy was able to earn a j...
In a conversation with Benzinga, Peterffy explained that the true driver behind these astounding figures isn't heavy advertising or powerful marketing, but rather trust in the success of the product. "Most users get on by word of mouth," he said. How does an immigrant with no knowledge of American culture or language go on to create a technological...
2019 has been far from a slow year for Interactive Brokers. In March, the firm launched trading on the Tel Aviv Stock Exchange for its users, a move propelled by the company's strong presence in the region. "In Israel, we have a very large customer base because we have one IBKR customer for every 700 Israeli citizens, which is pretty high given tha...
Despite his limited grasp of the English language, Peterffy took on various jobs, from draftsman to architectural engineer, while he adapted to his new environment and started building a foundation for his future.
Apr 23, 2015 · NPR's Planet Money profiles a Hungarian immigrant who pioneered computerized trading. Thomas Peterffy struggled for years and experimented with many techniques, including a typing robot.
Peterffy began his career in the U.S. as an architectural draftsman working on highway projects for an engineering firm. At this firm, he volunteered to program a newly purchased computer. Of his background in programming, Peterffy said, "I think the way a CEO runs his company is a reflection of his background.
Nov 9, 2005 · His logic paid off: By 1967, Peterffy had landed a job at Aranyi Associates, a computer consulting firm run by Hungarian immigrant Janos Aranyi.
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Thomas Peterffy has been at the forefront of applying computer technology to automate trading and brokerage functions since soon after he emigrated from Hungary to the United States in 1965.
