The fourth wave of immigration -1965 present
Storyboard Text
- I can't wait to start my life in the US
- Welcome to our community
- I volunteer
- we need volunteers to program a newly purchased computer
- Thomas Peterffy immigrated from Hungary in 1965 . When his visa expired, like millions who have immigrated to the U.S. illegally in recent years, he didn't go back home.
- This is my opportunity
- Peterffy went to Spanish Harlem New york, where other Hungarian immigrants had formed a small community, moving from one dingy apartment to another.
- I'm excited to start my own company
- When he moved to New York City, he did not speak English. Peterffy began his career in the US as an architectural draftsman working on highway projects for an engineering firm.
- Thomas Peterffy embodies the American Dream.
- He caught on quickly and soon had a job as a programmer for a small Wall Street consulting firm, where he built trading models.
- By the late 1970s Peterffy had saved $200,000 and founded a company that pioneered electronic stock trades, executing them before the exchanges were even digitized.
- In the 1990s he began to concentrate on the sell side of the business, founding Interactive Brokers Group, which has a market cap of $14 billion. Peterffy, 72, is now worth an estimated $12.6 billion.
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