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Father of Algorithmic Trading Seeks Speed Controls

PROFILE: Thomas Peterffy of Interactive Brokers

Traders Magazine Online News, November 28, 2012

Interactive Brokers founder Thomas Peterffy started the practice of sending coded instructions from a broker’s computer to an exchange’s terminal, using a typing cyborg. Now, he believes several “layers” of software are needed in the securities industry’s infrastructure to control high-speed trading.

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