Tom Sosnoff

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Tom Sosnoff

Tom Sosnoff

@Tomunderwater

I launched thinkorswim and tastytrade. My latest venture is Lossdog. Join me.

Chicago, IL Katılım Mayıs 2013
5 Takip Edilen11.4K Takipçiler
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Miguel Armaza 🎙🎧
Miguel Armaza 🎙🎧@MiguelArmaza·
He's sold companies for a combined $2 billion. Built a platform that changed how the world trades options. And at 69, he's starting over again. Loved sitting down with Tom Sosnoff (@Tomunderwater) for an in-depth @Fintech_Leaders interview. Tom is one of the most prolific serial entrepreneurs in financial services. He co-founded Thinkorswim, the options trading platform that transformed a $500 billion industry. Years later, he sold it for $700 million to TD Ameritrade and 25 years later, Thinkorswim still sits inside Schwab largely untouched. He then built tastytrade, the largest digital financial network in the world, with viewers from 190 countries. Then sold it for $1.1 Billion to IG Group. Along the way, he built and flipped the Small Exchange, Inc twice, first to Crypto(.)com, then to Kraken. What stands out about Tom is that none of this was planned. He was a political science major who stumbled into finance after graduating from college during a recession. He doesn't believe in retirement, doesn't have an office, and still makes 50 to 60 trades a day from his phone. Across both major exits, he and his partner quietly gave away $50 million to employees with zero legal obligation. We discussed why the trading floor was the ultimate school for risk-taking and fast decision-making, how Thinkorswim repositioned options from a leverage tool to a strategic one, why Tom turned down a $200 million acquisition offer and built a $1.1 billion company instead, and what he's building now with Lossdog to tackle wealth inequality through career optimization, agentic AI, and tokenized derivatives.
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