Interactive Brokers: Margin Masters - [Business Breakdowns, EP.216]

This is Business Breakdowns. Business Breakdowns is a series of conversations with investors and operators diving deep into a single business. For each business, we explore its history, its business model, its competitive advantages, and what makes it tick. We believe every business has lessons and secrets that investors and operators can learn from. And we are here to bring them to you.

To find more episodes of breakdowns, check out joinccolossus.com. All opinions expressed by hosts and podcast guests are solely their own opinions. Hosts, podcast guests, their employers, or affiliates may maintain positions in the securities discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. I'm Zach Fuss, and today we are breaking down interactive brokers, widely recognized as

IBKR. Founded in 1978, Interactive Brokers evolved from a market maker on the American Stock Exchange to a global, cutting-edge electronic brokerage firm. Its founder, Thomas Pedterfree, remains far and away its largest shareholder and has earned his place as one of the wealthiest people in the world. Petiffrey came to the US from Hungary as an immigrant who spoke no English and taught himself computer programming in the 70s. Eventually, he pioneered automated trading and played a crucial role in the digitization of financial markets.

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