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Tom Sosnoff
Tom Sosnoff (born c. 1958) is an entrepreneur, options trader, and co-founder of Thinkorswim〔 and tastytrade, and founder of Dough, Inc. He was Senior Vice President of Trading and Strategic Initiatives at TD Ameritrade.〔〔〔〔 Sosnoff promotes option trading as an important financial strategy for the individual investor. He has promoted this view by founding an online financial network, tastytrade, and by developing software products to support individual investor options trading.
==Biography==
Sosnoff, a native New Yorker〔 who got his first job as a caddy at the age of 13.〔 In 1979, Sosnoff received a BA degree in political science from University at Albany, SUNY and immediately began working for Drexel Burnham Lambert.〔〔
Starting in the early 1980s, Sosnoff, through the Sosnoff Sheridan Group, was a market maker at the Chicago Board Options Exchange. By 1999, Sosnoff believed option trading would largely move online and that individual investors would become interested in trading options if they had the software tools to it. This led to his co-founding of Thinkorswim in 1999.〔〔 In 2009, Thinkorswim was sold to TD Ameritrade for approximately $606 million〔 and Sosnoff personally received $84 million.〔 In 2011, Sosnoff announced that $20 million in venture capital had been raised to support his idea for a financial network called tastytrade.〔 His aim in founding tastytrade was to create a financial news show focusing on options, which mixes content with comedy somewhat like the "''Daily Show''".〔〔〔〔 In 2014, a Silicon Valley venture fund, Technology Crossover Ventures, invested $25 million into Dough Inc.〔 also found by Sosnoff, which includes tastytrade.〔〔 In 2014, Sosnoff was co-winner of the EY Entrepreneur of the Year Midwest Award.〔〔
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