Clients in News: Financial Times

tastytrade CEO Tom Sosnoff is quoted in the Financial Times today on the explosive growth of weekly options.

When Tom Sosnoff first approached the Chicago Board Options Exchange in 2005 with the idea for weekly options, he had in mind what he thought was a terrific marketing gimmick.

“I wanted to call them ‘quickies’,” recalls Mr Sosnoff, who came up with the idea while running Thinkorswim, the online options brokerage he co-founded in 1999. “I thought it would be good for business, but they thought it had too many sexual overtones.” – Financial Times

See full story: Weeklys drive options volume growth