Interactive Brokers founder Thomas Peterffy on retail trading frenzy

Thomas Peterffy, founder and chairman at Interactive Brokers, joined "Squawk Box" on Tuesday to discuss the short squeeze phenomenon driven by Reddit users trading specific stocks on brokerage apps such as Robinhood. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n... Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV

Watch Citadel's high-speed trading in action
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Watch Citadel's high-speed trading in action

Interactive Brokers' Thomas Peterffy on GameStop hearing
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Interactive Brokers' Thomas Peterffy on GameStop hearing

From the 60 Minutes Archive: Rigged
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From the 60 Minutes Archive: Rigged

Interactive Brokers Founder on Inflation, the Market, and AI Investing | At Barron's
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Interactive Brokers Founder on Inflation, the Market, and AI Investing | At Barron's

Interview: Thomas Peterffy | 1st Electronic Trader, Founder & Chairman of Interactive Brokers
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Interview: Thomas Peterffy | 1st Electronic Trader, Founder & Chairman of Interactive Brokers

Judge Can’t Stop Laughing At Sovereign Citizen’s Courtroom Meltdown!!!
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Judge Can’t Stop Laughing At Sovereign Citizen’s Courtroom Meltdown!!!

Gabelli School Centennial Speaker Series: Thomas Peterffy in Conversation with Bob Pisani
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Gabelli School Centennial Speaker Series: Thomas Peterffy in Conversation with Bob Pisani

UNEXPECTED TWIST: Iran DEFYING Trump is ‘BEST CASE SCENARIO’ for markets
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UNEXPECTED TWIST: Iran DEFYING Trump is ‘BEST CASE SCENARIO’ for markets

You Mean You Don’t Have to Know Anything to Do This? Thomas Peterffy Part 1 - IBKR Podcasts Ep. 3
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You Mean You Don’t Have to Know Anything to Do This? Thomas Peterffy Part 1 - IBKR Podcasts Ep. 3

Interactive Broker's Chairman talks Q2 earnings beat
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Interactive Broker's Chairman talks Q2 earnings beat

0DTE: Inside the Explosion of Ultra-Risky Options Trading | WSJ
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0DTE: Inside the Explosion of Ultra-Risky Options Trading | WSJ

Peterffy: Markets Were 'Frighteningly Close' to Collapse Amid GameStop Turmoil
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Peterffy: Markets Were 'Frighteningly Close' to Collapse Amid GameStop Turmoil

AI Bubble Will Burst Eventually Says Bridgewater's Ray Dalio
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AI Bubble Will Burst Eventually Says Bridgewater's Ray Dalio

Interactive Brokers' Peterffy on banning payment for order flow
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Interactive Brokers' Peterffy on banning payment for order flow

Interactive Brokers' Peterffy: George Soros is an anarchist
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Interactive Brokers' Peterffy: George Soros is an anarchist

Interactive Brokers' Thomas Peterffy on earnings miss: We were hit by an unexpected large expense
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Interactive Brokers' Thomas Peterffy on earnings miss: We were hit by an unexpected large expense

Your Life as Every Jane Street Rank — From $300K Intern to Member Partnership Profit Share
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Your Life as Every Jane Street Rank — From $300K Intern to Member Partnership Profit Share

Can't think of anything that will stop this market rally, says Interactive Brokers' Peterffy
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Can't think of anything that will stop this market rally, says Interactive Brokers' Peterffy

Here's what Interactive Brokers founder Thomas Peterffy feels about cryptocurrency
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Here's what Interactive Brokers founder Thomas Peterffy feels about cryptocurrency

Our business is 'extremely' good lately: Interactive Brokers' Thomas Peterffy
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Our business is 'extremely' good lately: Interactive Brokers' Thomas Peterffy