75-509: Interactive Brokers, Inc. ( IB ), headquartered in Greenwich , Connecticut , is an American multinational brokerage firm which operates the largest electronic trading platform in the United States by number of daily average revenue trades . In 2023, the platform processed an average of 3 million trades per trading day. Interactive Brokers is the largest foreign exchange market broker and
150-407: A Representative Town Meeting (RTM). The RTM must approve all budgets, and consists of 230 elected representatives. RTM members are not paid. The three selectmen are elected on a town-wide basis, although each person can only vote for two members. This assures that there will almost always be one Democrat and two Republicans or two Democrats and one Republican. While voter registration is skewed in
225-532: A royal borough of London in the United Kingdom . It is the largest town on Connecticut's affluent Gold Coast . Greenwich is home to many hedge funds and financial services firms due to its residential setting and proximity to Manhattan . The town of Greenwich was settled in 1640, by the agents Robert Feake and Captain Daniel Patrick, for Gov. Theophilus Eaton of New Haven Colony , who purchased
300-475: A smart order routing linkage for multiple-listed equity options and began to clear trades for its customer stocks and equity derivatives trades. Also in 1999, Goldman Sachs attempted to purchase the company and was turned away. In 2000, Interactive Brokers (U.K.) Limited was formed and Timber Hill became a primary market maker on the International Securities Exchange (ISE). In 2001,
375-475: A 12-inch-long (30 cm) by 9-inch-wide (23 cm) device to the exchange floor, a committee in the exchange told him it was too big. When he made the device smaller, the committee stated that no analytic devices were allowed to be used on the exchange floor. Effectively blocked from using the CBOE, he sought to use his devices in other exchanges. Also in 1983, Timber Hill expanded to 12 employees and began trading on
450-714: A controversial criticism of the protests. In 2012, the company began offering money manager accounts and opened the fully electronic Money Manager Marketplace. IB also released the TWS Mosaic trading interface and the Tax Optimizer for managing capital gains and capital losses . In 2013, the company released the Probability Lab tool and Traders' Insight, a service that provides daily commentary by Interactive Brokers traders and third party contributors. Also in 2013, IB integrated its trading notification tool (called IB FYI) into
525-432: A day. In 1983, Timber Hill created the first handheld computers used for trading. As Peterffy explained in a 2016 interview, the battery-powered units had touch screens for the user to input a stock price and it would produce the recommended option prices, and it also tracked positions and continually repriced options on stocks. However, he immediately encountered opposition from the heads of the exchange. When he first brought
600-603: A high ratio compared to other municipalities in Connecticut and elsewhere in the region. Former schools: The town of Greenwich is one political and taxing body, but consists of several distinct sections or neighborhoods, such as Banksville , Byram , Cos Cob , Glenville , Mianus , Old Greenwich , Riverside and Greenwich (sometimes referred to as central, or downtown, Greenwich). Of these neighborhoods, three (Cos Cob, Old Greenwich, and Riverside) have separate postal names and ZIP codes . The town has three selectmen and
675-506: A holding company for subsidiaries that sell property-casualty insurance, XFL , and XPO, Inc. . Other major institutions in the township are Greenwich Hospital , Hyatt Regency , Tudor Investment Corporation , Eversource Energy , Brunswick School , and Camuto Group. Greenwich is home to the Greenwich International Film Festival , which acts in coordination with nonprofits to promote socially conscious filmmaking in
750-441: A lack of adequate transportation. The comparable rate for all adults statewide is 13%. Quotron Quotron was a Los Angeles –based company that in 1960 became the first financial data technology company to deliver stock market quotes to an electronic screen rather than on a printed ticker tape . The Quotron offered brokers and money managers up-to-the-minute prices and other information about securities . The Quotron
825-593: A market. Between 1993 and 1994, the corporate group Interactive Brokers Group was created, and the subsidiary Interactive Brokers LLC was created to control its electronic brokerage, and to keep it separate from Timber Hill, which conducts market making. In 2014, Interactive Brokers became the first online broker to offer direct access to IEX , a private forum for trading securities. In 2021, the company launched trading in cryptocurrencies, including Bitcoin and Ethereum . In 1977, Thomas Peterffy left his job designing commodity trading software for Mocatta Metals, and bought
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#1732854969364900-464: A mural, The Packet Sails from Greenwich Green , painted in 1939 by Victoria Hutson Huntley . The Bruce Museum is a town-owned institution with sections devoted to art and natural history. Putnam Cottage (Knapp Tavern) historic house museum, is also located within Greenwich. Acacia Lodge No. 85, Ancient, Free & Accepted Masons, founded in 1857 in the top level of the old Cos Cob School House,
975-539: A one-hour drive. Newark Liberty International Airport in New Jersey is also easily accessible from Greenwich, taking approximately one hour to drive to. According to the DataHaven Community Wellbeing Survey, a statewide program funded by various agencies and philanthropies, 4% of adults in Greenwich are "transportation insecure," meaning that they have had to stay at home during the past year due to
1050-473: A seat on the American Stock Exchange (AMEX) as an individual market maker . The following year, he formed his first company, named T.P. & Co., to expand trading activities to several members under badge number 549. At the time, trading used an open outcry system; Peterffy developed algorithms to determine the best prices for options and used those on the trading floor, and thus the firm became
1125-443: A system to read the data from a Quotron machine by measuring the electric pulses in the wire and decoding them. The data would be then sent through Peterffy's trading algorithms, and then Peterffy would call down the trades. After pressure to become a true market maker and keep constant bids and offers, Peterffy knew that he would need his employees to closely pay attention to market movements, and that handheld computers would help. At
1200-461: A system with a camera to read the terminal, a computer to decode the visual data, and mechanical fingers to type in the trade orders, which was then accepted by the Nasdaq. Interactive Brokers Inc. was incorporated in 1993 as a U.S. broker-dealer , to provide technology developed by Timber Hill for electronic network and trade execution services to customers. In 1994, Timber Hill Europe began trading at
1275-575: Is a skeletal tower . Island Beach or "Little Captain Island" once was the venue for the town's annual Island Beach Day. Ventriloquist Paul Winchell and his dummy, Jerry Mahoney, once came for a show, and on another occasion the Connecticut National Guard let adults and children fire machine guns into the water, according to an article in the Greenwich Time . Island Beach has changed over
1350-571: Is a town-owned ice rink open seasonally. The Greenwich Polo Club is a polo club and event venue that was established in 1981. The town has four beaches on Long Island Sound : Greenwich Public Schools operates the public schools . Greenwich High School is the district's sole high school . As of 2012 , elementary schools had the same racial demographics as the town. The 3 middle schools have representative enrollment. Elementary Schools: Middle Schools: High Schools: Approximately 25-30% of K-12 residents are enrolled in private schools,
1425-496: Is concentrated in the southwestern corner of the town. In 2011, numerous neighborhoods were described by Business Insider as being among the richest neighborhoods in America. Calf Island is a 29-acre (120,000 m ) island about 3,000 feet (910 m) from the Byram shore in Greenwich. More than half of the island (on the west side) is a bird sanctuary off-limits to members of
1500-711: Is land and 19.4 square miles (50 km ), or 28.88%, is water. In terms of area, Greenwich is twice the size of Manhattan . The town is bordered to the West by Port Chester, New York , and Rye Brook, New York . To the North it is bordered by Armonk, New York , and Banksville, New York . To the South it is bordered by the Long Island Sound . To the East, it is bordered by Stamford, Connecticut . The U.S. Census Bureau recognizes nine CDPs within
1575-501: Is located in the town. Its members were originally of Union Lodge No. 5, founded 1763, and though its "home base" was Stamford, it was given the jurisdiction of "Stamford, Horseneck and parts adjacent." Union Lodge often met in Greenwich, and the first recorded meeting place was Knapp's Tavern on the King's Highway. The Greenwich Town Party is a recurring music festival in Greenwich. Past headliners have included The Temptations , Paul Simon ,
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#17328549693641650-734: Is one of the largest prime brokers servicing commodity brokers. The company brokers stocks , options , futures contracts , exchange of futures for physicals , options on futures , bonds , mutual funds , currency , cryptocurrency , contracts for difference , derivatives , and event-based trading contracts on election and other outcomes. Interactive Brokers offers direct market access , omnibus and non-disclosed broker accounts, and provides clearing services. The firm has operations in 34 countries and 27 currencies and has 2.6 million institutional and individual brokerage customers, with total customer equity of US$ 426 billion as of December 31, 2023. In addition to its headquarters in Greenwich, on
1725-508: Is ranked 473rd on the Fortune 500 . The company traces its roots to T.P. & Co., a market maker founded in 1977 and renamed Timber Hill Inc. in 1982. In 1979, it became the first to use fair value pricing sheets on a stock exchange trading floor. In 1983, it became the first to use handheld computers for trading. In 1987, Peterffy also created the first fully automated algorithmic trading system, to automatically create and submit orders to
1800-558: Is served by the Metro-North Railroad 's New Haven Line (the four stations, from west to east, are Greenwich , Cos Cob , Riverside , and Old Greenwich ) and is approximately a 50-minute train ride to Grand Central Terminal in Manhattan on the express train and a 60-minute ride on the local. The Amtrak Acela , Northeast Regional , and Vermonter trains stop in the adjacent city of Stamford . Interstate 95 goes through
1875-621: The 2020 census , it had a population of 63,518. Greenwich is a principal community of the Bridgeport–Stamford–Norwalk–Danbury metropolitan statistical area , which comprises all of Fairfield County, and is part of the Western Connecticut Planning Region . The town is the southwesternmost municipality in both the State of Connecticut and the six-state region of New England . The town is named after Greenwich ,
1950-793: The European Options Exchange , the OM Exchange and the London International Financial Futures and Options Exchange . Also in 1994, Timber Hill Deutschland became a member of the Belgium Futures and Options Exchange , IB became a member of the New York Stock Exchange, and the Timber Hill Group LLC was formed as a holding company of Timber Hill and IB's operations. In 1995, Timber Hill France S.A.
2025-476: The Gold Coast of Connecticut , the company has offices in major financial centers worldwide. More than half of the company's customers reside outside the United States, in approximately 200 countries. The broker was founded by and is indirectly 74.6% owned by and chaired by Thomas Peterffy , an early innovator in computer-assisted trading. Approximately 23.5% of the company is publicly held . Interactive Brokers
2100-781: The Pacific Stock Exchange and the options division of the NYSE the following year. Also in 1985, the firm joined and began trading on the Chicago Mercantile Exchange , the Chicago Board of Trade and the Chicago Board Options Exchange. In 1986, the company moved its headquarters to the World Trade Center to control activity at multiple exchanges. Peterffy again hired workers to sprint from his offices to
2175-529: The Philadelphia Stock Exchange . In 1984, Timber Hill began coding a computerized stock index futures and options trading system and, in February 1985, Timber Hill's system and network was brought online. The system was designed to centrally price and manage risk on a portfolio of equity derivatives traded in multiple locations around the country. In 1985, Peterffy introduced his computer system to
2250-455: The 1986 market for financial data . Following the Citicorp acquisition, Quotron's largest client, brokerage house Merrill Lynch , decided not to renew their contract with Quotron. Merrill Lynch instead invested in a competing startup named Bloomberg . Most computer screens in the 1980s were able to display text in a single color. Quotron screens had green text on a black background. The Quotron
2325-428: The CBOE was about to close down its S&P 500 options market due to the options not attracting sufficient trader interest. Because of this, Peterffy pledged that Timber Hill would make tight markets in the product for a year if the exchange would allow the traders to use handheld computers on the trading floor. The exchange agreed, and more traders were attracted by the change in pricing; today S&P 500 options are
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2400-587: The Democrat in 13 of the 17 presidential elections from that party's founding in the mid-1820s up through 1892. Then the GOP would win Greenwich in 27 of the 28 presidential elections from 1896 to 2004, and in three of the last four presidential elections, the Democrat has carried the town. The largest share of the vote received by a Democratic presidential candidate is the 64.56% of the vote received by Martin Van Buren in 1836,
2475-573: The Eagles , Santana , the Doobie Brothers , Billy Joel , and Mumford & Sons . The Greenwich Y.M.C.A. , which appears on the National Register of Historic Places , offers fitness and social services. Equinox , a luxury fitness club, has a location in Greenwich. Arch Street, The Greenwich Teen Center has age-specific programs and events on weekdays and weekends. Dorothy Hamill Rink
2550-679: The IB Options Intelligence Report was launched to report on unusual concentrations of trading interests and changing levels of uncertainty in the option markets. Also that year, IBG took stakes in OneChicago , the ISE Stock Exchange, and the CBOE Stock Exchange. In 2006, Interactive Brokers began offering penny-priced options. On May 3, 2007, the company became a public company via an initial public offering (IPO) on
2625-511: The IB trading system. Also in 2002, Timber Hill became the major market maker for the newly introduced U.S. single-stock futures . In 2003, the company expanded its trade execution and clearing services to include Belgian index options and futures, Canadian stocks, equity/index options and futures, Dutch index options and futures, German equity options, Italian index options and futures, Japanese index options and futures, and U.K. equity options. In 2004,
2700-614: The Interactive Brokers Information System, Hedge Fund Capital Introduction Program, and the Stock Yield Enhancement Program. Interactive Brokers also became in 2011 the largest online U.S. broker as measured by daily average revenue trades . During the Occupy Wall Street protests of 2011–2012, IB ran a series of television commercials with the catchphrase "Join the 1% ", which were seen as
2775-435: The Nasdaq, selling 40 million shares, or 10% of the company, at $ 30.01 per share via a Dutch auction in the largest brokerage IPO since 2005. In December 2007, the company acquired FutureTrade Technologies, an integrated electronic equity and option trading service provider. In 2008, the company launched Risk Navigator, a real-time market risk management platform. Also in 2008, several trading algorithms were introduced to
2850-487: The New York Stock Exchange (NYSE), which allowed it. However, the stock exchange only allowed it to be used at trading booths several yards away from where transactions were executed. Peterffy responded by designing a code system for his traders to read colored bars emitted in patterns from the video displays of computers in the booths. This caused the exchange and other members to be suspicious of insider trading , which convinced Timber Hill to distribute instructions throughout
2925-531: The Republicans' favor, they do not have a lock on the First Selectman's chair, and Democrats have held the seat recently. Many of the other town committees have equal representation between Democrats and Republicans, regardless of the vote breakdown, since each individual can only vote for half as many seats as are available. Greenwich, Connecticut was a mostly Democrat jurisdiction up through 1892, voting for
3000-448: The TWS. The tool keeps customers informed of upcoming announcements that could impact their account, and a customer can set it to automatically act to exercise options early if the action is projected to be beneficial for the customer. An IB FYI also can act to automatically suspend a customer's orders before the announcement of major economic events that influence the market. On April 3, 2014,
3075-614: The Trader Workstation. Among these is the Accumulate-Distribute Algo, which allows traders to divide large orders into small non-uniform increments and release them at random intervals over time to achieve better prices for large volume orders. In 2009, the company launched a mobile app for iOS . In March 2009, the company launched brokerage services in India. In 2011, the company introduced several new services, including
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3150-713: The area closer to the coast, due to the moderating influence of Long Island Sound . At the 2020 U.S. census , there were 63,518 people in Greenwich. Per the American Community Survey 's 2018 estimates, the population of Greenwich grew to 62,574. There were 24,234 housing units, 22,251 households, and 16,322 families in 2018. The town's racial makeup consisted of 72.8% non-Hispanic whites , 3.3% Blacks or African Americans , 0.1% American Indian or Alaska Natives , 7.6% Asian Americans , and 2.2% multiracial Americans . Hispanic and Latin American residents made up 13.8% of
3225-646: The area now known as Old Greenwich . Greenwich was declared a township by the Connecticut General Assembly in Hartford on May 11, 1665. During the American Revolution , General Israel Putnam made a daring escape from the British on February 26, 1779, in Greenwich. Although British forces captured and sacked the town, Putnam was able to warn Stamford . In 1974, Gulliver's Restaurant and Bar , on
3300-622: The average family size was 3.12. In the town the population was spread out, with 25.4% under the age of 18, 4.1% from 18 to 24, 28.8% from 25 to 44, 25.7% from 45 to 64, and 15.9% who were 65 years of age or older. The median age was 40 years. For every 100 females, there were 90.1 males. For every 100 females age 18 and over, there were 85.2 males. Greenwich is home to three of the wealthiest zip codes in Connecticut, 06878, 06830 and 06831, with average adjusted gross incomes of $ 754,990, $ 638,560 and $ 721,550, and median household incomes of $ 182,386, $ 109,250 and $ 155,417, respectively. In recent decades,
3375-496: The border of Greenwich and Port Chester , burned, killing 24 young people. In 1983, the Mianus River Bridge , which carries traffic on Interstate 95 over an estuary, collapsed, resulting in the death of three people. For many years, Greenwich Point (locally termed "Tod's Point"), was open only to town residents and their guests. However, a lawyer sued, saying his rights to freedom of assembly were threatened because he
3450-665: The city's downtown in an annual June festival, in addition to screenings and events held year-round. The Greenwich Symphony Orchestra begun in 1958 as the Greenwich Philharmonia. The Philharmonia was conducted by high school music teacher Ken Wendrich. The orchestra became fully professional by 1967. That year the orchestra found a new conductor, Juilliard graduate John Nelson. The Greenwich Choral Society, founded in 1925, performs locally and elsewhere, including in New York City and Europe. The Greenwich post office contains
3525-399: The company became the first online broker to offer direct access to IEX , a private electronic communication network for trading securities, which was subsequently registered as an exchange. In May 2015, the company acquired investment management platform Covestor. In 2015, the company launched Investors' Marketplace, which allows customers to find investors and other service providers in
3600-437: The company began offering fractional share trading. In 2020, the customer base grew to one million users. In December 2020, the company acquired the retail operations of Folio Investments, including 70,000 accounts, from Goldman Sachs . In May 2021, the company launched trading in spot gold for U.S. clients. In September 2021, the company launched trading in cryptocurrencies, including Bitcoin and Ethereum . In May 2024,
3675-527: The company introduced direct market access to its customers on the Frankfurt Stock Exchange and the Börse Stuttgart . In the same year, IB upgraded its account management system and Trader Workstation, adding real-time data including charts, scanners, fundamental analytics, and tools to the platform. In 2005, the company launched its forex trading platform IdealPro (now Ideal FX). In 2006,
3750-629: The corporate name of the Timber Hill Group LLC was changed to Interactive Brokers Group LLC, which at the time handled 200,000 trades per day. In 2002, Interactive Brokers, along with the Bourse de Montréal and the Boston Stock Exchange , created the Boston Options Exchange . Also in 2002, the company introduced Mobile Trader and an application programming interface for customers and developers to integrate their mobile phone systems with
3825-479: The decades. The bathhouse once on the island's eastern shore is gone, and erosion is slowly eating away at the beaches themselves. Greenwich experiences a humid continental climate ( Dfa ); however, it is quite close to a humid subtropical climate ( Köppen climate classification Cfa ). During winter storms, it is common for the area north of the Merritt Parkway to receive significantly heavier snowfall than
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#17328549693643900-458: The estimated population. The average household size from 2014 to 2018 grew to 2.78 and the average family size was 3.28. The median household income excluding capital gains was $ 142,819 and the average income was $ 272,636. Including capital gains, the median household income in 2014 was $ 511,411. The per capita income for the town was $ 98,467. At the census of 2000, there were 61,101 people, 23,230 households, and 16,237 families residing in
3975-539: The exchange, describing how to read the displays. In response, the exchange required the company to turn the screens away from the trading floor, which prompted Peterffy to hire a clerk to communicate with the traders via hand signals. Eventually computers were allowed on the trading floor. Timber Hill joined the Options Clearing Corporation in 1984, the New York Futures Exchange in 1985, and
4050-749: The exchanges with updated handheld devices, which he later superseded with phone lines carrying data to computers at the exchanges. Peterffy later built miniature radio transmitters into the handhelds and the exchange computers to allow data to automatically flow to them. In 1987, Timber Hill joined the National Securities Clearing Corporation and the Depository Trust Company (now merged as the Depository Trust & Clearing Corporation ). By 1987, Timber Hill had 67 employees and had become self- clearing in equities . In 1987,
4125-500: The financial industry. In March 2016, the company released a mobile app for the Apple Watch . In October 2017, the company sold its market maker business, Timber Hill, to Two Sigma Investments . Milan Galik was appointed chief executive officer of the company in 2019, succeeding founder Thomas Peterffy, who remained as chairman . In September 2019, the company launched commission-free trades via "IBKR Lite". In November 2019,
4200-515: The first to use daily printed fair value pricing sheets. In 1979, the company expanded to employ four traders, three of whom were AMEX members. In 1982, Peterffy renamed T.P. & Co. to Timber Hill Inc.; he named it after a road to a favorite retreat, one of his properties on Hutchin Hill Road in Woodstock, New York . By 1983, Peterffy was sending orders to the floor from his upstairs office; he devised
4275-686: The highest asking price for a residential property in town was the Copper Beech Estate at $ 190 million. It later sold for $ 120 million. Greenwich, along with Stamford , are the economic centers of Fairfield County and its metropolitan statistical area. Prominent companies based in the town of Greenwich are: AQR Capital , Blue Harbour Group , the now defunct Blue Sky Studios / 20th Century Animation , Blyth, Inc. , Cambridge Solutions, First Reserve Corporation , Interactive Brokers , Nestlé Waters North America , North Street Capital , Silver Point Capital , Viking Global Investors , W. R. Berkley ,
4350-575: The land from the Siwanoy Indians in exchange of 25 English coats. One of the founders was Elizabeth Fones Winthrop , daughter-in-law of John Winthrop , founder and governor of the Massachusetts Bay Colony . What is now called Greenwich Point was known for much of the area's early history as "Elizabeth's Neck" in recognition of Elizabeth Fones and the 1640 purchase of the Point and much of
4425-564: The largest share of the vote received by a Republican presidential candidate is the 78.25% of the vote received by Dwight D. Eisenhower in 1956, and the largest percentage of the vote receive by third-party presidential candidates was the 27.61% of the vote received by the third-party candidates in the 1912 presidential election. Most prominently, Theodore Roosevelt under the Bull Moose Party. The results of Greenwich in all 49 presidential elections since 1828 can be found below: The town
4500-697: The most actively traded stock market index options in the U.S. In 1990, Timber Hill Deutschland GmbH was incorporated in Germany , and shortly thereafter began trading equity derivatives at the Deutsche Terminbörse (DTB), marking the first time that Timber Hill used one of its trading systems on a fully automated exchange. In 1992, Timber Hill began trading at the Swiss Options and Financial Futures Exchange, which merged with DTB in 1998 to become Eurex . At that time, Timber Hill had 142 employees. While Peterffy
4575-436: The nearest interchange is at the Westchester County Airport in New York State . Westchester County Airport is the closest commercial airport to Greenwich. It takes approximately 15 minutes to drive from the town's center. This is followed by LaGuardia Airport in Queens, New York, approximately a 35-minute drive. John F. Kennedy International Airport in Queens, New York , is the closest international airport, approximately
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#17328549693644650-469: The platform was expanded to clients in the United Kingdom. In July 2023, the company launched trading on the Taiwan Stock Exchange . In August 2023, the company launched fractional share trading in Canadian securities. In August 2024, the company launched trading on Bursa Malaysia . Greenwich, Connecticut Greenwich ( / ˈ ɡ r ɛ n ɪ tʃ / GREH -nitch ) is a town in southwestern Fairfield County, Connecticut , United States. At
4725-408: The population. There were 23,230 households, out of which 33.5% had children under the age of 18 living with them, 59.4% were married couples living together, 8.0% had a female householder with no husband present, and 30.1% were non-families. 24.8% of all households were made up of individuals, and 9.9% had someone living alone who was 65 years of age or older. The average household size was 2.60 and
4800-408: The public without permission to visit. As of 2006 the island is available for overnight stays for those with permits, otherwise the east side is open from dawn until dusk. Great Captain Island is also off the coast of Greenwich, and includes the southernmost point in Connecticut. There is a U.S. Coast Guard lighthouse on this island, as well as a designated area as a bird sanctuary. The lighthouse
4875-400: The southern end of town, and there are four exits from I-95 in Greenwich, exits 2 through 5. The Boston Post Road (also known as East or West Putnam Avenue or simply Route 1 ) also goes through town, as does the Merritt Parkway , although the Merritt Parkway is a considerable distance from the downtown area. Interstate 684 passes through Greenwich, but cannot be entered or exited there, and
4950-488: The time, the AMEX didn't permit computers on the trading floor. Because of this, Peterffy had an assistant deliver market information from his office in the World Trade Center . In November 1983, he convinced the exchange to allow computer use on the floor. In 1983, Peterffy sought to computerize the options market, and he first targeted the Chicago Board Options Exchange (CBOE). At the time, brokers still used fair value pricing sheets, which were by then updated once or twice
5025-407: The town has attracted wealthy expatriates from around the globe due to its extremely low tax rate, desirable school system, and proximity to Manhattan , which is an hour by Metro North. The median listing price for a home in the town was $ 2.3 million in 2021. The coastal neighborhood of Belle Haven, along with Backcountry, have some of the wealthiest single family real estate in the world. In 2014,
5100-414: The town. The population density was 1,277.6 inhabitants per square mile (493.3/km ). There were 24,511 housing units at an average density of 512.5 per square mile (197.9/km ). At the census estimates of 2013, the racial makeup of the town was 80.90% White , 4.90% Black, 0.10% Native American, 7.80% Asian, 0.03% Pacific Islander, and 2.50% from two or more races. Hispanic or Latino of any race were 13.90% of
5175-525: The town: Byram , Cos Cob , Glenville , Indian Field , Old Greenwich , Pemberwick , Riverside , Rock Ridge and the Greenwich CDP covering the historic municipal center of the town. The USPS lists separate zip codes for "Greenwich" (spanning two zip codes), Cos Cob, Old Greenwich, and Riverside, for a total of five zip codes, plus a sixth zip code for PO Box. Additionally, Greenwich is often further divided into several smaller, unofficial neighborhoods. Greenwich's Hispanic and Latin American population
5250-428: Was developed by Scantlin Electronics, owned by entrepreneur John Scantlin. Scantlin had earlier developed a quotation device that used magnetic tape instead of ticker tape . Quotron's first major competitor was Telerate , which was founded by Neil Hirsch in 1969 and later bought by Dow Jones in 1990. Citicorp bought Quotron in 1986. At the time Quotron was renting 100,000 terminals which equated to 60 percent of
5325-451: Was incorporated and began making markets at the Marché des Options Négociables de Paris (a subsidiary of Euronext Paris ) and the Marché à Terme International de France futures exchange. Also in 1995, Timber Hill Hong Kong began market making at the Hong Kong Futures Exchange and IB created its primary trading platform Trader Workstation and executed its first trades for public customers. In 1996, Timber Hill Securities Hong Kong Limited
5400-724: Was incorporated and began trading at the Hong Kong Stock Exchange . In 1997, Timber Hill Australia Pty Limited was incorporated in Australia, and Timber Hill Europe began trading in Norway and became a member of the Austrian Derivatives Exchange. By 1997, Timber Hill had 284 employees. In 1998, Timber Hill Canada Company was formed, and IB began to clear online trades for retail customers connected directly to Globex to trade S&P 500 futures. In 1999, IB introduced
5475-576: Was not allowed to go there. The lower courts disagreed, but the Supreme Court of Connecticut agreed, and Greenwich was forced to amend its beach access policy to all four beaches in 2001. These beaches include Greenwich Point Park, Island Beach, Great Captain Island , and Byram Park. According to the United States Census Bureau in 2000, the town had a total area of 67.2 square miles (174 km ), of which 47.8 square miles (124 km )
5550-783: Was the screen used by Charlie Sheen 's Bud Fox and Michael Douglas 's Gordon Gekko characters in the 1987 movie Wall Street . When the Bloomberg professional terminal launched for bond traders it had amber text on a black background. Quotron did not keep pace with developments in technology and the company was slow to move from a dedicated terminal to personal computers, as the proprietary Bloomberg Terminal overtook its market share. By 1994 Quotron had only 35,000 terminals compared with 80,000 for Automatic Data Processing and 25,000 for ILX, according to Waters Information Services. Citicorp lost money on Quotron every year and, in 1994, paid Reuters Holdings P.L.C. more than $ 100 million to purchase
5625-528: Was trading on the Nasdaq in 1987, he created the first fully automated algorithmic trading system. It consisted of an IBM computer that would pull data from a Nasdaq terminal connected to it and carry out trades on a fully automated basis. The machine, for which Peterffy wrote the software, worked faster than a trader could. Upon inspection, the Nasdaq banned direct interface with the terminal, and required trades to be typed in manually. Peterffy and his team designed
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