Interactive Brokers Career
He would write code in his head during the trading day and then apply his ideas to computerized trading models after hours. Peterffy created a major stir among traders by introducing handheld computers onto the trading floor in the early 1980s. His business related to his AMEX seat eventually developed into Interactive Brokers. Highly administrative tasks with focus on processes instead of results. If you like micromanagement and stable job you will like it here but be prepared to earn low salary and be humiliated daily. Before applying to Interactive Brokers, it’s a good idea to research the company, and read reviews from employees working there. Interactive Brokers, founded in 1977, conducts its broker/dealer business on over 125 market destinations worldwide.
Mr. Katz served on the Executive Board of Eurex and on the Board of Directors of The Options Clearing Corporation and chaired the Board’s newly-formed technology committee. Mr. Katz graduated from New York University with a master’s degree in Statistics with Distinction and a bachelor’s degree from Queens College. Mr. Katz is currently chairman of the board of Farmer’s Pantry LLC, a start-up in the consumer goods industry and also serves on the board of STRS, LLC, a start-up in the financial industry meeting the unique needs of credit card issuers and merchants. As a result of these professional and other experiences, Mr. Katz possesses particular knowledge and experience in a variety of areas, including trading technologies and the options industry that strengthens the Board’s collective knowledge, capabilities and experience. Mr. Galik, age 53, joined us in 1990 as a software developer and has served as President of the Company and IBG LLC since October 2014 and as Chief Executive Officer since September 2019.
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•the extent to which the interplay of the nominee’s expertise, skills, knowledge and experience with that of other members of our Board will build a board that is effective, collegial and responsive to the needs of the Company. Election of Directors You may vote FOR or AGAINST any or all director nominees or you may ABSTAIN as to one or more director nominees. A majority of the votes cast FOR or AGAINST the election of a director nominee must be voted FOR the director nominee in order for the director nominee to be elected. A vote to ABSTAIN is not treated as a vote FOR or AGAINST and thus will have no effect on the outcome of the vote. A director nominee who fails to receive a majority of FOR votes will be required to tender his or her resignation to our Board for consideration. •you hold your shares of in street name and, therefore, are not a stockholder of record, contact your bank, broker or account representative.
We believe that our base salary and total compensation package are reasonable and competitive in the industry, and we have demonstrated that we are able to hire and retain talented executives without offering additional perquisites. Our compensation program is designed to reward performance by tying a substantial portion of each executive officer’s total potential compensation to individual performance and our performance. We evaluate individual and company performance in a qualitative fashion; we do not utilize specific financial or operating performance goals or targets in setting executive compensation. Through our practice of granting stock awards, the compensation program also promotes and rewards an executive officer’s tenure and longevity with us, as well as the executive officer’s role in our financial performance. Mr. Katz, age 59, was the President and Chief Executive Officer of the International Securities Exchange (“ISE”) from 2008 to 2016 and a co-founder of ISE. Mr. Katz was one of the principal developers of the unique options market structure – an auction market on an electronic platform – used by all three ISE options exchanges and was named as inventor or co-inventor on six patents that the ISE received or applied for relating to its proprietary trading system and technology.
Portions of the website are dedicated to institutional, broker and proprietary trading accounts, and that can be confusing. The IBKR mobile app, available to both Lite and Pro customers, is Trader Workstation on the go, with advanced trading shortcuts, over 400 data columns, option exercise and spread templates, news, research, charting and scanners. Users can create order presets, which prefill order tickets for fast entry. Presets set up on Trader Workstation are also available from the mobile app. Zacks Trade, offers its customers access to white-labeled versions of Trader Workstation. Zacks Trade charges higher trade commissions, but offers clients free calls with support reps, who are licensed brokers. It’s an option worth considering for traders who want the power of Interactive Brokers’ trading platforms alongside a bit more personal support.
DivorcedChildren3Thomas Peterffy is a Hungarian-born American billionaire businessman. He is the founder, chairman, and the largest shareholder of Interactive Brokers. Peterffy worked as an architectural draftsman after emigrating to the US, and later became a computer programmer. In 1977, he purchased a seat on the American Stock Exchange and played a role in developing the first electronic trading platform for securities. According to Forbes he is the richest Hungarian, and the richest person in Florida. Please add the correct salary information in the original job posting. Our system will detect the change, and the updated salary data will be reflected on our site within 24 hours.
Mr. Katz and Mr. Damgard received approximately $406 and $549, respectively, in dividend equivalent payments with respect to the year ended December 31, 2019. The following table contains information regarding 2019 compensation of our non-employee directors with respect to their Board service. The following table provides information on stock awards granted to each of our executive officers, under the Stock Incentive Plan, during the year ended December 31, 2019. This table sets forth information regarding stock awards granted to our executive officers for performance in 2019.
If you continue to use this site we will assume that you are happy with it. Covestor Ltd (also known as “Interactive Advisors”) is an Investment Advisor registered with and regulated by the Securities and Exchange Commission under the Investment Advisors Act of 1940.
BrokerChooser’s leadership has both the mindset and the skills to be visionary and at the same time roll things out quickly. This is true for the number of users, revenue, broker partnerships, team size, and so on. It is extremely motivating to be part of a business that constantly evolves on a global scale.
In addition, 100 shares of Class B common stock, par value $0.01 per share (the “Class B common stock”), of the Company were outstanding. All of the outstanding shares of Class B common stock are held of record by IBG Holdings LLC (“Holdings”), an entity controlled by Mr. Thomas Peterffy, our founder and Chairman, through his indirect ownership of the voting membership interests in Holdings. To elect nine directors to the Board of Directors to serve until the annual stockholders’ meeting in 2021, and until their respective successors have been elected and qualified. Our Nominating and Corporate Governance Committee will consider candidates recommended by stockholders. The policy of our Nominating and Corporate Governance Committee is to consider candidates recommended by stockholders in the same manner as other candidates.
Interactive Brokers Employee Political Affiliation
All stockholders must bring an acceptable form of identification, such as a driver’s license, in order to attend the Annual Meeting in person. You are invited to attend the Annual Meeting either in person at the physical address provided above or through the link at /IBKR2020 and may vote at that time. Additional information regarding the items of business to be acted on at the Annual Meeting is included in the accompanying Proxy Statement.
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 135 markets in numerous countries and currencies, from a single IBKR Integrated Investment Account to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers.
We determined the median based on each employee’s annual total compensation as of December 31, 2019. Annual total compensation consisted of base pay, cash bonuses, the fair value of stock awards granted under the Stock Incentive Plan at the grant date, and dividend equivalent payments on unvested stock awards. The annual total compensation of the median employee was calculated in accordance with the requirements of Item 402 of Regulation S-K.
At the date hereof, there are no other matters that our Board intends to present, or has reason to believe others will present, at the Annual Meeting. If other matters come before the Annual Meeting, the persons named in the accompanying form of proxy will vote in accordance with their best judgment with respect to such matters.
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You will work with different types of customers and have to provide real-time solutions to their issues. Stressful job with rewarding perks such as free lunch and great health benefits. Centrally located in downtown Chicago, the commute is easy by public transportation. People have reported that the interview at Interactive Brokers is difficult. See the answers, explore popular topics and discover unique insights from Interactive Brokers employees. Interactive Brokers’s mission statement is “Create technology to provide liquidity on better terms. Compete on price, speed, size, diversity of global products and advanced trading tools.”
As a result of these professional and other experiences, Mr. Peterffy possesses particular knowledge and experience in ESG issues and provides diversity of viewpoint to the Board by virtue of his experience that strengthens the Board’s collective knowledge, capabilities and experience. Set forth below is information regarding the director nominees, which has been confirmed by each of them for inclusion in this Proxy Statement. Ratification of the Appointment of Independent Auditors You may vote FOR or AGAINST the ratification of the appointment of our independent registered public accounting firm or you may ABSTAIN. A majority of the votes cast FOR or AGAINST ratification must be voted FOR ratification for it to pass.
At our 2017 Annual Meeting more than 90% of the total votes cast were in favor of an advisory vote every two years. In accordance with the two-year schedule, we will be asking our stockholders to approve, on an advisory basis, the compensation of our executive officers as will be disclosed in the Proxy Statement for the 2021 Annual Meeting. Although our executive officers and other key employees holding ownership interests in Holdings have benefited from the increased value of their ownership interests, they have historically received salary and performance-based bonuses and we expect to continue compensating them in this form. We believe that in order to attract and retain highly effective people we must maintain a flexible compensation structure, including base salary, cash bonuses and stock awards as described below.
You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. Posts presented on Company’s website and or Applications are for educational purposes only. Accordingly, you should not rely solely on the Information in making any investment.